The interest income of the five private banks rose by 59.16% to Rs36,007.91 crore. Yes Bank lead the pack with a 204.77% rise in interest income on a very low base of Rs192.80 crore. ICICI Bank posted a 60.73% rise in interest income to Rs22,994.29 crore. Two other private banks, HDFC Bank and UTI Bank, have shown more than 50% rise in their interest income.

The public sector banks have collectively registered a 26.12 % rise in their interest income to Rs66,889.33 crore. State Bank of Mysore topped the list with a 34.08% rise, followed by Indian Overseas Bank (32.36%) and Bank of Baroda (30.68%).

The public sector banks are also lagging behind their private sector counterparts when it comes to other income that includes fee-based income and income arising out of bond trading.

In fact, eight of the 15 public sector banks have registered a drop in their other income. The average other income of the public sector banks has gone up by 3.69% against more than 41% rise in other income of private banks.

Among private banks, South Indian Bank’s net rose by 104.56% and that of Yes Bank, 70.57%. Among the public sector banks, Bank of Maharashtra posted a net profit growth of more than 400%, Dena Bank more than 175% and Vijaya Bank more than 160%.

ICICI Bank has made the highest provision of Rs2,226.36 crore and HDFC Bank Rs1,166.25 crore to bring down their net NPAs to zero. Among the public sector banks, Bank of India has made a provision in excess of Rs1,100 crore, but in percentage terms this is only 7.48% higher than what the bank had provided for last year. In case of ICICI Bank, provisions went up by more than 180%; and in HDFC Bank’s case, by more than 60%.