News: Credit growth came at 12% YoY to ₹ 539123 crore, driven by retail (14% YoY) & agri (18% YoY) segment. Deposit accretion seen steady at 10% YoY to ₹ 681183 crore, backed by term deposit (12% YoY). Margins remained stable at 3.44%, led by increase in CD ratio. Healthy recovery from bad debt and lower provision (standardtral provision) led to 41% YoY growth in earnings at ₹ 2403 crore. Improvement in asset quality continued with GNPA/ NNPA declining by 18 bps/ 4 bps at 3.77%/ 0.39%. Slippages came at 1.5%, higher QoQ, but steady YoY.
Views: Continued steady performance in terms of business growth, margins, earnings, and asset quality.
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