Financial Results

The Board approved the unaudited financial results for the quarter ended June 30, 2026:

Segment Revenue (₹ in lakh):

  • Treasury: ₹80,105.64 (Q1 FY27) vs ₹98,024.05 (Q1 FY26)
  • Retail banking: ₹4,45,030.55 (Q1 FY27) vs ₹3,65,189.21 (Q1 FY26)
  • Wholesale banking: ₹64,710.48 (Q1 FY27) vs ₹47,950.49 (Q1 FY26)
  • Other banking operations: ₹9,349.12 (Q1 FY27) vs ₹7,741.16 (Q1 FY26)
  • Total Income from operations: ₹5,99,195.79 (Q1 FY27) vs ₹5,18,904.91 (Q1 FY26)

Segment Results (₹ in lakh):

  • Treasury profit: ₹10,866.30 (Q1 FY27) vs ₹28,876.68 (Q1 FY26)
  • Retail banking profit: ₹66,425.02 (Q1 FY27) vs ₹27,020.64 (Q1 FY26)
  • Wholesale banking profit: ₹20,824.34 (Q1 FY27) vs ₹15,075.13 (Q1 FY26)
  • Other banking operations profit: ₹8,282.96 (Q1 FY27) vs ₹6,917.99 (Q1 FY26)
  • Total Profit before Tax: ₹1,06,398.62 (Q1 FY27) vs ₹77,890.44 (Q1 FY26)

Segment Assets (₹ in lakh):

  • Total assets: ₹1,97,12,517.81 as of June 30, 2026
  • Treasury: ₹49,71,843.27
  • Retail banking: ₹1,19,36,769.72
  • Wholesale banking: ₹23,35,468.01
  • Other banking operations: ₹3,531.90
  • Unallocated: ₹4,64,904.91

Management Changes

  • Elevation of Mr. Yogesh Jain as Deputy CEO: Effective July 25, 2026, from his current position as Chief Operating Officer. He will continue to report to the MD & CEO and remain categorized as Senior Management Personnel.
  • Annual Review of SMPs: Effective July 25, 2026:
  • Mr. Yogesh Soni categorized as SMP
  • Mr. Bhaskar Karkera, Mr. Vaman Ramesh Kamat, Mr. Vivek Rathi, Mr. Dhavan Natvarlal Shah, and Mr. Ankur Tripathi re-categorized from SMP to non-SMP
  • Mr. Deepak Jain to be re-categorized from SMP to non-SMP effective September 1, 2026, upon completion of his term as Chief Risk Officer

All officials continue to be employed with the Bank.

Corporate Actions

  • Record Date: July 31, 2026 fixed as record date for determining members eligible to receive final dividend, if declared at the ensuing AGM.
  • Annual General Meeting: 31st AGM to be held on Saturday, September 5, 2026 through video conferencing or other audio-visual means.

Regulatory and Compliance Matters

  • The financial results were reviewed by the Audit Committee on July 24, 2026 and approved by the Board on July 25, 2026.
  • Joint Statutory Auditors M S K A & Associates LLP and Mukund M Chitale & Co. issued an unmodified limited review opinion.
  • RBI granted in-principle approval for universal bank transition on August 7, 2025 (valid for 18 months). RBI modified the NOFHC requirement on March 2026 - now applicable only if the Bank or its promoter establishes any group entity in the future.
  • Bank submitted application for final Universal Banking license during March 2026.
  • During the quarter, the Bank allotted 7,04,837 equity shares pursuant to exercise of options under employee stock option schemes.

Meeting Details

The Board meeting commenced at 9:30 AM and the stated agendas concluded at 12:50 PM on July 25, 2026.