<h1>Private bank posts Rs 13,558 crore quarterly profit with 15.9% growth despite margin compression concerns</h1> A major private sector bank reported consolidated net profit of Rs 13,558 crore for the June quarter, marking a 15.9% increase from the previous year's Rs 11,696 crore. Standalone net profit rose 15.5% to Rs 12,768 crore. Core net interest income grew 10.6% to Rs 21,635 crore driven by 12% domestic loan growth, though net interest margin compressed to 4.34% from 4.41%. The bank expects further margin compression next quarter due to the central bank's rate cut cycle. Asset growth slowed in credit cards and personal loans to 1% each after maintaining over 20% growth previously. Fresh slippages increased to Rs 6,245 crore while gross non-performing assets ratio improved to 1.67% from 2.15% year-on-year. Deposit growth reached 12.8% and the bank expanded its network by 83 branches to 7,066 total branches.