The net profit was Rs 926 crore in the year-ago period.
The lender announced the appointment of T Adhikari as managing director for five years, effective August 3. Adhikary came on board as a nominee director of Life Insurance Corporation of India, which is the parent of the mortgage lender. He has replaced Y Viswanatha Gowd, who tendered his resignation from the board as he superannuated from LIC at the end of July.
The lender saw its interest income growing 28% at Rs 6304 crore while total income too rose at the same rate at Rs 6747 crore.
Its gross non-performing assets ratio stood at 4.98% at the end of June, steady as compared with 4.96% a year back. Net NPA was at 2.99% against 3.01%. Provision coverage ratio rose marginally to 41.13% from 40.46%.
The company announced the earnings after the market hours. Its stock price fell 4.9% to Rs 393.90 Thursday on BSE.
