Net Profit during Q1FY11 rose to Rs. 741.88 crores from Rs. 562.04 crores in Q1FY10, registering agrowth of 32.00% yoy.
Demand Deposits on a daily average basis grew by 38.51% yoy to Rs. 55,043 crores during Q1FY11from Rs. 39,739 crores during Q1FY10, with Savings Bank deposits growing by 39.35% yoy and Current Account deposits by 37.30%.
The yoy growth in Net Interest Income and Fee Income during Q1FY11 was 44.77% and 18.58% respectively. NetInterest Margin during Q1FY11 was 3.71% compared to 3.34% in Q1FY10.
The Bank is well-capitalised with a Capital Adequacy Ratio of 14.54% (without reckoning Q1FY11profit, as stipulated by Reserve Bank of India) as at the end of Q1FY11 compared to 15.28% as at the end of Q1FY10 and 15.80% at the end of FY2010. Tier-I capital was 10.32% as at the end of Q1FY11, as against 9.39% at the end of Q1FY10 and 11.18% at the end of FY2010.
