The private sector lender clocked 35.5 percent year-on-year (YoY) rise in standalone profit to Rs 10,261 crore in Q2FY24
Net interest income (NII) of the bank increased 20 percent on yearly basis to Rs 4,043 crore, slightly higher than analysts' expectations.
Although the bank has not witnessed higher slippage from restructured book, majority of this book is still under moratorium period and quality of this book is still at risk. Bank of America Merrill Lynch expects slippages at around Rs 800-900 crore and Rs 800-1000 crore in restructuring.