The cost-to-income ratio reported was 60.9 per cent in the first quarter of FY17, compared with 56 per cent a year ago. The bank’s current account savings account (Casa) ratio was at 23.08 per cent as on June 30, 2016, against 23.04 per cent as on June 30, 2015, with savings accounts year-on-year growth rate of 21 per cent. Net interest margin for the reporting period stood at 4.05 per cent, against 3.81 per cent a year earlier.
On a year-on-year basis, asset quality saw a marginal improvement with gross non-performing assets (NPA) ratio decreasing to 1.72 per cent as on June 30, 2016, from 1.96 per cent a year ago. Net NPA ratio decreased to 0.87 per cent as on June 30, 2016, from 1.22 per cent as on June 30, 2015. However, sequentially, gross NPA rose marginally from 1.51 per cent in the fourth quarter of FY16 and net NPA from 0.75 per cent in the fourth of FY16. Natrajan, however, said there were no major slippages.
The bank's capital adequacy ratio was at 13.15 per cent as on June 30, 2016, with Tier-I at 11.92 per cent and Tier-II at 1.23 per cent, according to Basel-III norms. The lender was steadily executing its branch expansion plan, while continuously investing in technology capabilities — especially the frontline and customer experience, Natrajan added.