The company also reported its profit before tax for the nine months ended December 31, 2022, stood at Rs 14,616 crore compared to Rs 12,624 crore in the corresponding period of the previous year. After providing Rs 2,802 crore for tax, the reported profit after tax stood at Rs 11,814 crore, against Rs 10,042 crore in the previous year, representing a growth of 18 per cent.
The company said its
The NII for the nine months ended December 31, 2022, was Rs 13,926 crore, against Rs 12,519 crore in the previous year. The reported net interest margin (
The spread on loans over the cost of borrowings for the nine months ended December 31, 2022, was 2.29 per cent, the company said. The spread on the individual loan book was 1.91 per cent and on the nonindividual book was 3.69 per cent.
For the nine months ended December 31, 2022, the company said on account of volatile equity markets, the net gain on investments fair valued through the profit and loss account stood at Rs 89 crore.
The company said its dividend income was Rs 2,528 crore while the profit on the sale of investments of Rs 184 crore for the first nine months ended December 31, 2022.
The company said non-interest expense ratios were higher largely due to an increase in upfront expenses on staffing, loan processing, branch expansion and information technology to enable meeting the increased demand for home loans.
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