This has been the highest ever quarterly profit declared by the company, it added.
The company sanctioned loans of Rs 49,003 crore in the second quarter, which were 120 per cent higher than Rs 22,300 crore in the year-ago period. It disbursed loans of Rs 24,226 crore, which were 76 per cent more than Rs 13,751 crore earlier.
The net worth of the company stands at Rs 32,755 crore as at September 30, 2018, and the capital adequacy is also placed at comfortable levels of 16.14 per cent to support the future growth of the company, it added.
The gross NPA ratio has fallen sequentially from 8.12 per cent as at June 30, 2018, to 7.92 per cent as at September 30, 2018.
Further, it said that there are no indications of credit impairment in the loans to the government sector, forming 87 per cent of the loan book.
The company's Chairman and Managing Director P V Ramesh said, "The company has registered a strong operational performance during the current period and has seen a robust growth in the sanctions, disbursements and key financial parameters."
(With inputs from agencies.)