It was followed by State Bank of India and Union Bank of India with 10.27 per cent and 9.66 per cent growth, respectively.
For the full year to March, the Pune-based lender saw its net profit rising two-fold to Rs 1,152 crore as against Rs 550 crore in FY21.
The penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.
The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of India.
Current account, savings account for BoM saw a 22 per cent rise, the highest among the public sector lenders, during the quarter.
Repo Linked Lending Rate (RLLR) has been reduced from 6.90 per cent to 6.80 per cent with effect from October 11, 2021, it said in a statement.