Financial Results Overview

The Board of Directors approved financial results for Q1 FY2027 ending June 30, 2026.

Key Financial Metrics:

  • Net Profit: ₹268 crore (compared to ₹223 crore in Q1 FY2026, representing 20% growth)
  • Profit Before Tax: ₹339 crore (22% growth from ₹278 crore in previous year)
  • Loan Assets: ₹42,961 crore (11% growth from ₹38,773 crore in previous year)

Operational Performance Highlights

Profitability Ratios:

  • Spread: 2.83% (vs 2.62% in previous year)
  • Net Interest Margin: 3.81% (vs 3.64% in previous year)
  • Return on Assets: 2.39% (vs 2.19% in previous year)
  • Return on Equity: 17.15% (vs 16.93% in previous year)
  • Debt to Equity Ratio: 6.18 (vs 6.71 in previous year)

Loan Portfolio Composition:

  • Total Loan Portfolio: ₹42,961 crore
  • Housing Loans (including CRE): 83% of loan book
  • Non-Housing Loans: 17% of loan book

Lending Operations

Loan Disbursements: ₹2,609 crore for Q1 FY2027, representing 29% year-on-year growth compared to ₹2,015 crore in corresponding previous period.

Provisions and Credit Losses

Expected Credit Loss Provisions:

  • Required provision as per Ind AS 109: ₹410 crore
  • Total provisions carried: ₹509 crore (includes ₹59 crore management overlay and ₹40 crore for restructured accounts)

Liquidity Position

Liquidity Coverage Ratio: 250.32% as of June 30, 2026 (significantly above stipulated 100% requirement)

Undrawn Bank Limits: ₹1,524.55 crore as of June 30, 2026, which along with internal accruals is sufficient to meet business commitments for next 3 months.

Deposits and Ratings

Deposit Portfolio: ₹227.09 crore

Deposit Rates: 7.50% for 36-month cumulative deposits, with additional 0.25% for senior citizens

Credit Ratings:

  • Fixed Deposit Programme: "AAA" by ICRA with Stable Outlook
  • Short-term borrowings (Commercial Papers): "A1+" by CARE and ICRA
  • Long-term Debt and Subordinate Debt Instruments: "AAA Stable" by CARE and ICRA

Business Network

Geographical Presence: 250 Branches/Offices across 21 States/Union Territories

Technology Development

Successfully completed pilot launch of new IBM-led Core Banking Solution across 5 branches, demonstrating steady performance and positioning for enhanced operational capabilities and cost optimization at scale.