Apparently bank has given flat results in Q1 FY10 compared to Q1 FY09. However, its Pre-Tax profits
have increased from Rs.146 Crore in Q1 FY09 to Rs.366 Crore in Q1 FY10.
There is good growth in Other income from Rs.208 Crore in Q1 FY09 to Rs.392 Crore in Q1 FY10. Also
its higher compared to Rs.341 Crore in Q4 FY09.
Bank’s net profit has grown 16.3% Y-o-Y and 31.2% on Q-o-Q basis.
Bank’s Total interest income has grown 23.2% Y-o-Y basis and 2.4% Q-o-Q basis.
Its interest costs have risen sharply from Rs.1507 Crore in Q1 FY09 to Rs.1920 Crore in Q1 FY10.
However, it has grown just 1.7% from Rs.1888 Crore in Q4 FY09. As bank is focusing on improving its
CASA and opening new branches in under banked areas.