Key Financial Figures (Standalone - ₹ in Lakh)
Income Statement:
- Interest earned: ₹85,03,554
- Other Income: ₹10,03,628
- Total Income: ₹95,07,182
- Interest expended: ₹50,13,949
- Operating expenses: ₹18,25,056
- Operating Profit: ₹26,68,177
- Provisions and Contingencies: ₹16,60,770
- Profit before tax: ₹10,07,407
- Tax Expense: ₹(-51,880)
- Net Profit: ₹10,59,287
Balance Sheet Highlights (as of June 30, 2026):
- Capital: ₹4,55,341
- Reserves and Surplus: ₹84,40,186
- Deposits: ₹9,57,92,385
- Borrowings: ₹1,15,34,140
- Total Liabilities: ₹11,93,20,004
- Cash and balances with RBI: ₹47,08,901
- Balances with banks: ₹55,03,594
- Investments: ₹2,69,54,109
- Advances: ₹7,87,34,009
- Fixed Assets: ₹11,64,852
- Other Assets: ₹22,54,539
Significant Accounting Policies and Provisions
The financial results include necessary provisions for:
- Non-performing assets
- Standard assets
- Restructured advances
- Stressed sector accounts
- Standard derivative exposures
- Unhedged foreign currency exposure
- Investment depreciation
- Employee benefits (on actuarial basis)
Regulatory and Compliance Disclosures
1. RBI Guidelines Implementation:
- The Bank transferred ₹1,394.59 crore from Investment Fluctuation Reserve (IFR) to General Reserve during the quarter, following RBI circular dated May 18, 2026.
2. MSME Restructuring:
- Number of MSME accounts restructured: 6,252
- Amount involved: ₹239.97 crore
3. Stressed Assets Resolution:
- The Bank holds additional provision of ₹874.11 crore for 4 borrower accounts where viable Resolution Plans were not implemented within stipulated timelines.
- Total exposure: ₹2,497.44 crore
- NPA portion: ₹54.22 crore
- Standard portion: ₹2,443.22 crore
4. COVID-19 Resolution Framework 2.0:
- Number of accounts restructured: Not specified
- Amount involved: ₹709.31 crore
5. Loan Transfers and Acquisitions:
- No loans were transferred during the quarter
- Loans acquired through direct assignment: ₹1,382.32 crore
- Weighted average residual maturity: 151.16 months
- Weighted average holding period: 10.12 months
- Retention of beneficial economic interest: 12.05%
- Tangible security cover: 3.27 times
- Co-lending arrangements: ₹25.74 crore
- Weighted average residual maturity: 175.42 months
- Weighted average holding period: 2.78 months
- Retention of beneficial economic interest: 20.00%
- Tangible security cover: 2.18 times
6. Stressed Loans Acquisition and Transfer:
- No stressed loans were acquired during the quarter
- Stressed loans transferred to ARCs: 3 accounts, ₹113.00 crore principal outstanding
- Consideration received: ₹100.19 crore
- Excess provisions reversed: ₹81.25 crore
- Transferred to other permitted transferees: 1 account, ₹36.41 crore principal outstanding
- Consideration received: ₹13.55 crore
- Excess provisions reversed: ₹9.92 crore
7. Security Receipts Holdings:
- Total carrying value: ₹429.42 crore
- RR1+: ₹32.61 crore
- RR1: ₹317.07 crore
- Unrated: ₹79.74 crore
8. NCLT Accounts:
- The Bank holds 100% provision against RBI-referred NCLT accounts
- Aggregate outstanding: ₹2,905.30 crore
9. Co-Lending Arrangements:
- No co-lending arrangements were active during the quarter
10. Projects Under Implementation:
- Accounts at beginning of quarter: 201 (₹7,176 crore)
- Accounts sanctioned during quarter: 21 (₹1,995 crore)
- Accounts achieving DCCO: 22 (₹744 crore)
- Accounts at end of quarter: 200 (₹8,427 crore)
- Accounts with resolution process invoked: 40 (₹1,877 crore)
Fraud Details
- Number of frauds reported: 35 (includes 9 cases from earlier years)
- Amount involved: ₹855.01 crore
- Amount of provision made: ₹326.73 crore
- Unamortised provision: Nil
- The Bank holds 100% provision against the outstanding amount of ₹326.73 crore
Priority Sector Lending Certificates (PSLCs)
- Amount sold: ₹10,000 crore
- Amount purchased: Nil
- Commission earned: ₹276.94 crore
- Commission paid: Nil
Provision Coverage Ratio
- Provision Coverage Ratio (including technical write-offs): 93.83% (93.57% as of March 31, 2026)
Miscellaneous Items Exceeding 1% of Total Income
- Recoveries in written off accounts: ₹609.44 crore (2.71% of total income)
- Commission on sale of PSLCs: ₹276.94 crore (1.23% of total income)
Subsidiary and Associate Updates
Consolidated Entities:
The consolidated results include:
- 4 Domestic Subsidiaries
- 4 Overseas Subsidiaries
- 1 Joint Venture (Star Union Dai-ichi Life Insurance Company Limited)
- 4 Associates (including 1 Regional Rural Bank)
Capital Infusion:
- The Bank infused additional capital of ₹22.64 crore into associate ASREC (India) Ltd.
- Recognized Capital Reserve of ₹2.56 crore
- Post-allotment shareholding increased to 27.30% from 26.02%
RRB Amalgamation:
- During Q1 FY2026, two RRBs sponsored by the Bank were transferred to other Sponsor Banks
- Amount of ₹518.80 crore (net) was debited to Consolidated P&L for reversal of difference between carrying value and redemption proceeds
Labour Code Implementation
- The Government notified four New Labour Codes effective November 21, 2025
- The Bank continues to comply with major provisions having financial impact
- Rules are yet to be notified, and any impact will be accounted for upon notification
Digital Banking Segment
- The Bank has reported Digital Banking Segment as a Sub-Segment of Retail Banking Segment as per RBI guidelines
- The Bank has commenced two Digital Banking Units (DBUs)
Investor Complaints
- Pending at beginning of quarter: 3
- Received during quarter: Not specified
- Resolved during quarter: 3
- Pending at end of quarter: Nil
Auditors' Review
- The auditors issued unmodified review opinions on both standalone and consolidated financial results
- The review covered 51.92% of advances portfolio, 53.51% of NPAs, and investment portfolio
- Foreign branches reviewed by other auditors: 21 branches
Debt Securities Compliance
- The Bank has outstanding listed unsecured debt securities totaling ₹32,990 crore
- The Bank has complied with all covenants and security cover requirements
- No defaults or breaches reported
Other Disclosures
- Figures for previous periods have been regrouped/reclassified where necessary
- The Bank has made all required Pillar 3 disclosures available on its website
- No deviation in use of funds raised through public issues or debt securities