The bank's total income during the period was at Rs 2,852.61 crore, up marginally from 2,819.37 crore in same period last year.
In spite of a strong 29.5 per cent rise in operating profit at Rs 423.63 crore, backed by nearly two-fold jump in other income, the bank suffered the net loss during the quarter as provisions for bad loans surged.
The lender's provision for non-performing assets (NPAs) in the quarter under review, stood at Rs 732.53 crore in the quarter, up by a whopping 155 per cent from Rs 287.02 crore in the corresponding quarter last year.
It said its provision coverage ratio was at 55.76 per cent in June quarter, as against 52.47 per cent in the year-ago period.
In the quarter, its asset quality worsened because gross NPAs grew by 20.25 per cent to Rs 12,164.90 crore from Rs 10,116.13 crore in the corresponding period last year.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.