Margins saw a marginal improvement, with net interest margin (NIM) inching up to 4.06% from 4.01% in the previous quarter, indicating stable yields and an improving asset mix.
Asset quality strengthened further during the quarter. Gross non-performing assets (GNPA) declined to 2.54% from 2.68% sequentially, while net NPA eased to 1.24% from 1.35%.
The bank’s management highlighted that growth remained broad-based without compromising credit quality. Advances grew 20.9% year-on-year to ₹8,687 crore, while deposits crossed the ₹10,000 crore mark.The MSME loan book stood at ₹2,209 crore, registering a strong 46% growth, reflecting improving business activity and rising demand for formal credit.
Total income for the quarter rose 16.8% to ₹300 crore, taking the full-year figure to ₹1,149 crore. The bank’s branch network now spans 211 branches across five states and two Union Territories, supporting its focus on deepening presence in semi-urban and rural markets.
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The lender maintained that its largely secured loan book and zero exposure to unsecured microfinance have helped it stay insulated from segment-specific stress, even as it positions for steady growth in FY27.
