Net profit rose 22% year-on-year (y-o-y) to ₹5,550 crore, supported by 20% growth in net interest income and a sharp moderation in credit costs. Provisioning declined meaningfully as stress formation eased across key segments. On cue, the stock gained almost 1.5% on Thursday, outperforming the broader Nifty 50 index, which fell 0.5%.
