A perusal of the segment results shows that the banks bottomline in the reporting quarter was adversely impacted due to lower profitability of treasury operations at Rs 9.8 crore (Rs 67.3 crore in Q3 of 2003-04).
In the nine months ended December 31, 2004, the new generation private sector bank recorded a 17% fall in net profit at Rs 147.2 crore as against Rs 177.96 crore in the corresponding year-ago period.
The bank said the unaudited results for the quarter/nine months ended December 31, 2004, that includes results of operations of the erstwhile Ashok Leyland Ltd for the said quarter/nine months, are not comparable with those of the corresponding quarter/nine months of the previous year.
In the reporting quarter, while interest earned rose by 63% to Rs 270.9 crore (Rs 166.6 crore in Q3 of 2003-04), other income fell sharply by 50% to Rs 46.7 crore (Rs 92.8 crore).
Interest expended rose by 53% to Rs 169.7 crore (Rs 111.1 crore) and operating expenses jumped by 83% to Rs 60.8 crore (Rs 33.2 crore). As of December 31, 2004, advances (net of securitisation) stood at Rs 7,374.2 crore and total deposits stood at Rs 11,023.03 crore.
Retail loan book now constitutes 41% of the total loan book as against 40% in Q2.