Overview

• Net interest margin held at about 3.02% in the June quarter, supporting management’s target of a 3% NIM for the full year despite recent RBI rate cuts.
• June-quarter profit topped analyst forecasts on the back of robust treasury income and an 11% year-on-year increase in core fee income.
• Net interest income was flat at ₹41,072 crore year-on-year as margin pressure offset a 10% expansion in interest-earning assets.
• Gross and net non-performing asset ratios remained stable at 1.83% and 0.47% respectively, reflecting continued asset-quality resilience.
• A ₹25,000 crore qualified institutional placement alongside a 100-basis-point CRR reduction has bolstered capital buffers to support 12–13% loan growth guidance.