DBS Bank, India’s largest foreign bank by number of branches, reported an 81% growth in net profit year-on-year, led by a strong growth in interest income, even as asset quality remained stable. Net profit increased to Rs 684 crore in the year ended March 2025 from Rs 377 crore a year ago, results published Friday by the bank on its website showed.

Profit was helped by a rise in both interest and fee incomes.

Total interest income increased 19% to Rs 9295 crore in the year ended March 2025 from Rs 7837 crore a year ago. Other income, which consists of income from fees and treasury, increased more sharply by 32% to Rs 2037 crore from Rs 1547 crore a year ago.

DBS is one of the two foreign banks with a local subsidiary. In 2020, it acquired troubled Lakshmi Vilas Bank, giving it a vast network of branches across the country, especially in the South.

Asset quality remained stable with gross NPA at 2.78% of total loans, down from 3.33% a year ago. The bank’s capital adequacy ratio was at 16.81% in March 2025, up from 15.75% a year ago.

The bank said its total assets locally rose 8% to Rs 1.40 lakh crore from Rs 1.30 lakh crore a year ago.

As featured in The Economic Times

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