On the other hand, total deposits grew from Rs 4.05 lakh crore on June 30 last year to Rs 4.3 lakh crore on June 30 this year, marking a growth of 5.9 per cent. Saving deposits grew by 6.6 per cent to Rs 1.23 lakh crore from Rs 1.15 lakh crore.
Retail advances grew by 15.6 per cent to Rs 57,735 crore from Rs 49,961 crore at the end of Q1 FY19. The cost-to-income ratio improved to 46.22 per cent in Q1 FY20 as against 55.33 per cent in Q4 FY19.
While gross non-performing assets dropped to 15.18 per cent from 16 per cent, net NPA ratio stood at 7.23 per cent compared to 8.7 per cent in June last year.
Provision coverage ratio stood at 65.88 per cent as against 56.49 per cent in the year-ago period, the bank said in a statement.