Profit in the quarter dipped because of fall in net interest margin to 2.37% from 2.93% in the same period last year. There was also a slippage of R1,075 crore in the last quarter.
Archana Bhargava, the chairperson and managing director, said the fourth quarter was the worst quarter in the fiscal.
Net profit for the year decreased 38% y-o-y to R392 crore from R632 crore in FY12. Bhargava said the profit for the year was down due to higher provisioning of R1,658 crore, which mainly included R1,010 crore for non-performing assets (NPAs), R180 crore for restructured advances and R490 crore for pension, gratuity and wage revision.