The bank's overall business reached Rs 6,17,750 crore, up 11.55 per cent year-on-year (YoY) and 2.57 per cent quarter-on-quarter (QoQ) by the end of December 2023
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The bank's recent strategy involves hiring various global and local professionals specialising in technology, customer experience, marketing, data and risk analytics
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Similarly, their deposits showed a double-digit surge compared to the previous year
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This growth included diverse components such as on-book, off-book, TLTRO and PTC, alongside a reduction of Rs 720 crore in the NPA portfolio post a sale to an ARC
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The application, filed in October, signals their intent to establish a presence in the Indian asset management domain
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Comparatively, the AUM for the corresponding period last year stood at Rs 2.3 lakh crore and at Rs 2.9 lakh crore during the September quarter
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According to the World Bank, the transaction garnered substantial interest, with over 50 orders totalling more than AUD 2.4 billion
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The bank experienced a 13 per cent rise in deposits, reaching Rs 3.68 lakh crore by the end of the quarter, up from Rs 3.25 lakh crore the previous year
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