I think its a mixed bag. While revenues and profit increased some key metrics are in a downtrend
GNPA up 12 bps at 2.76% (QoQ)
NNPA up 2 bps at 0.99% (QoQ)
Expenses surged 15% YoY to Rs 3,586.41 crore. Of these, finance costs rose the most by 42.6% year-on-year to Rs 723.8 crore
Gross credit cost for Q4 stood at 7.6%, up 7 bps quarter-on-quarter and this is expected to remain elevated in the future as well, at about 7% for FY25
Also a big increase of 50% in impairment losses and bad debts expenses of ₹944 crore in Q4 FY24 compared to ₹630 crore in Q4 FY23
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