A 18% (YoY) and 7% (QOQ) rise in net interest income at Rs.781 crore for Q4FY14, plus a 42% (YoY) and 9% (QoQ) rise in non-interest income at Rs.523 crore, led to a 29% (YoY) and 14% (QoQ) rise in net profit for the quarter at Rs.396 crore. NIM also improved to 3.75% v/s 3.65% in previous quarter. Cost to income ratio has also come down sequentially from 46.52% to 44.86%.

Coming to asset quality, gross NPA reduced from 1.18% to 1.12% but Net NPA rose from 0.31% to 0.33%. Provisions and contingencies fell from 126 crore to Rs.121 crore (QoQ) but YoY surged 47%. Provision coverage reduced from 73.65% to 70.35%. Restructured loans rose, like net NPA from 0.31% to 0.33%.

For FY14, net profit rose 33% at Rs.1408 crore and NIM rose 29% at Rs.2891 crore. Total Deposits increased to Rs.60502 crore, up 12% while advances rose 24% at Rs.55,102 crore. CASA improved to 32.55 % as against 29.32 % in 2013-14. Its branch network also significantly increased to 602 as against 500 branches the previous year and Bank’s ATMs increased to 1110 from 882 ATMs in FY13.

FY14 EPS stands at Rs. 26.85 as against Rs. 21.83 in FY13.