Financial Performance Q2 FY27 vs Q2 FY26

  • Interest Income: ₹2,092 crore (vs ₹1,653 crore), growth of 27%
  • Non-Interest Income: ₹350 crore (vs ₹259 crore), growth of 35%
  • Total Income: ₹2,442 crore (vs ₹1,912 crore), growth of 28%
  • Interest Expense: ₹1,219 crore (vs ₹987 crore), growth of 24%
  • Operating Expense: ₹562 crore (vs ₹455 crore), growth of 24%
  • Total Expense: ₹1,782 crore (vs ₹1,442 crore), growth of 24%
  • Net Interest Income: ₹873 crore (vs ₹667 crore), growth of 31%
  • Operating Profit: ₹661 crore (vs ₹471 crore), growth of 40%
  • Profit After Tax: ₹416 crore (vs ₹329 crore), growth of 27%

Financial Performance H1 FY27 vs H1 FY26

  • Interest Income: ₹4,077 crore (vs ₹3,258 crore), growth of 25%
  • Non-Interest Income: ₹594 crore (vs ₹503 crore), growth of 18%
  • Total Income: ₹4,671 crore (vs ₹3,761 crore), growth of 24%
  • Interest Expense: ₹2,384 crore (vs ₹1,967 crore), growth of 21%
  • Operating Expense: ₹1,045 crore (vs ₹873 crore), growth of 20%
  • Total Expense: ₹3,430 crore (vs ₹2,840 crore), growth of 21%
  • Net Interest Income: ₹1,693 crore (vs ₹1,292 crore), growth of 31%
  • Operating Profit: ₹1,241 crore (vs ₹922 crore), growth of 35%
  • Profit After Tax: ₹798 crore (vs ₹635 crore), growth of 26%

Key Balance Sheet Items (as of Q2 FY27)

  • Deposits: ₹83,893 crore (vs ₹69,486 crore in Q2 FY26, ₹79,342 crore in Q1 FY27, ₹78,308 crore in FY2026)
  • Advances: ₹72,442 crore (vs ₹57,561 crore in Q2 FY26, ₹67,645 crore in Q1 FY27, ₹66,699 crore in FY2026)
  • Total Business: ₹1,56,335 crore (vs ₹1,27,047 crore in Q2 FY26, ₹1,46,987 crore in Q1 FY27, ₹1,45,007 crore in FY2026)
  • CASA: ₹22,350 crore (27% of total deposits) (vs ₹19,537 crore in Q2 FY26, ₹21,094 crore in Q1 FY27, ₹21,644 crore in FY2026)

Asset Quality

  • Gross NPA: ₹1,043 crore (1.44%) vs ₹1,393 crore (2.42%) in Q2 FY26, ₹1,170 crore (1.73%) in Q1 FY27, ₹1,273 crore (1.91%) in FY2026
  • Net NPA: ₹344 crore (0.48%) vs ₹513 crore (0.90%) in Q2 FY26, ₹405 crore (0.61%) in Q1 FY27, ₹449 crore (0.68%) in FY2026
  • Provision Coverage Ratio: 82% (including technical write-offs) and 67% (excluding technical write-offs) as of September 30, 2026

Key Financial Ratios

  • Cost of Deposits: 5.56% (Q2 FY27) vs 5.71% (Q2 FY26)
  • Yield on Advances: 9.85% (Q2 FY27), 9.82% (H1 FY27) vs 9.66% (Q2 FY26), 9.73% (H1 FY26)
  • Net Interest Margin: 3.87% (Q2 FY27), 3.83% (H1 FY27) vs 3.63% (Q2 FY26), 3.59% (H1 FY26)
  • Return on Assets: 1.62% (Q2 FY27) vs 1.59% (Q2 FY26)
  • Return on Investments: 6.97% (Q2 FY27), 6.71% (H1 FY27) vs 6.86% (Q2 FY26), 7.31% (H1 FY26)
  • Cost to Income Ratio: 45.96% (Q2 FY27) vs 49.16% (Q2 FY26)
  • Capital Adequacy Ratio: 21.26% (with Tier-1 capital at 20.43%) as per RBI Basel III norms
  • Return on Equity: 14.78% (H1 FY27) vs 13.15% (H1 FY26)

Provisions

  • Provision for bad debts: ₹120 crore (vs ₹110 crore in corresponding period last year)
  • Provision towards Standard Assets: ₹27 crore
  • Contingent provision: ₹50 crore made during the quarter

Management Commentary & Guidance

  • Cost to Income Ratio expected to be in the range of 48% to 50% for the current financial year
  • Reduction in cost of deposits attributed to easing of liquidity through regulatory measures such as FCNR(B)
  • Return on Assets has been above the long-term level of 1.50% since Q1 FY25
  • Average Credit Deposit ratio stood at 86%

Corporate Details

  • The Bank has 1002 branches across 19 states and 4 Union territories
  • Positioned as a banker to SMEs, Agriculture, and Traders
  • An earnings conference call was scheduled for October 28, 2026, at 6:30 PM IST