Its net profit was Rs 203 in the year-ago period.
The Jaipur-based lender reported a marginal dip in the quarterly net interest margin at 5.9% from 6% in the year-ago period.
Its net interest income, however, rose 35% to Rs 976 crore against Rs 924 crore.
The bank’s asset quality improved, with the gross non-performing assets ratio falling to 1.96% at the end of June from 4.3% a year back. Net NPAs improved to 0.56% from 2.26%. Its provision coverage ratio rose to 72% from 49% earlier.
The bank’s board on Wednesday also approved a Rs 3000-crore equity raising plan. The bank may go for either private placement or qualified institutions placement (QIP) or preferential allotment or a combination of these.
The bank’s stock rose 1.92% to Rs 576.75 on BSE.
Its assets under management grew 37% year-on-year to Rs 50,161 crore while deposits jumped 48% to Rs 54,631 crore.
