Financial Results Overview

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Interest Earned: ₹47,115 lakh (vs ₹38,361 lakh in Q2 FY26)
  • Other Income: ₹4,745 lakh (vs ₹3,455 lakh in Q2 FY26)
  • Total Income: ₹51,860 lakh (vs ₹41,816 lakh in Q2 FY26)
  • Interest Expended: ₹28,340 lakh (vs ₹24,165 lakh in Q2 FY26)
  • Operating Expenses: ₹16,538 lakh (vs ₹14,832 lakh in Q2 FY26)
  • Operating Profit: ₹6,982 lakh (vs ₹2,819 lakh in Q2 FY26)
  • Provisions & Contingencies: ₹569 lakh (vs ₹499 lakh in Q2 FY26)
  • Profit Before Tax: ₹6,413 lakh (vs ₹2,320 lakh in Q2 FY26)
  • Tax Expense: ₹1,558 lakh
  • Net Profit: ₹4,855 lakh (vs ₹2,320 lakh in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Interest Earned: ₹92,051 lakh (vs ₹75,137 lakh in H1 FY26)
  • Other Income: ₹8,234 lakh (vs ₹7,385 lakh in H1 FY26)
  • Total Income: ₹1,00,285 lakh (vs ₹82,522 lakh in H1 FY26)
  • Operating Profit: ₹12,127 lakh (vs ₹6,147 lakh in H1 FY26)
  • Provisions & Contingencies: ₹2,160 lakh (vs ₹2,609 lakh in H1 FY26)
  • Profit Before Tax: ₹9,967 lakh (vs ₹3,538 lakh in H1 FY26)
  • Tax Expense: ₹2,621 lakh
  • Net Profit: ₹7,346 lakh (vs ₹3,538 lakh in H1 FY26)

Key Financial Metrics

Capital Structure

  • Paid-up Equity Share Capital: ₹39,470 lakh (face value ₹10)
  • Reserves: ₹1,14,863 lakh (as of September 30, 2026)
  • Net Worth: ₹1,33,222 lakh

Asset Quality Indicators

  • Gross NPA: ₹28,128 lakh (1.76% of gross advances)
  • Net NPA: ₹7,116 lakh (0.45% of net advances)
  • Provision Coverage Ratio: 92.86% (including technical write-off)

Capital Adequacy

  • Capital Adequacy Ratio (Basel III): 18.86%

Profitability Ratios

  • Return on Assets (Annualized): 0.85% for Q2 FY27, 0.66% for H1 FY27
  • Earnings Per Share: ₹1.23 (basic and diluted) for Q2 FY27, ₹1.86 for H1 FY27
  • Operating Margin: 13.46% for Q2 FY27, 12.09% for H1 FY27
  • Net Profit Margin: 9.36% for Q2 FY27, 7.33% for H1 FY27

Segment-wise Performance (Q2 FY27)

Business Segments Revenue

  • Treasury: ₹8,075 lakh
  • Retail Banking: ₹29,221 lakh
  • Corporate/Wholesale Banking: ₹14,185 lakh
  • Other Banking Operations: ₹379 lakh

Business Segments Results (Net of Provisions)

  • Treasury: ₹824 lakh profit
  • Retail Banking: ₹4,192 lakh profit
  • Corporate/Wholesale Banking: ₹1,018 lakh profit
  • Other Banking Operations: ₹379 lakh profit

Balance Sheet Position (as of September 30, 2026)

Liabilities

  • Capital: ₹39,470 lakh
  • Reserves and Surplus: ₹1,14,863 lakh
  • Deposits: ₹20,55,148 lakh
  • Borrowings: ₹30,113 lakh
  • Other Liabilities and Provisions: ₹38,276 lakh
  • Total Liabilities: ₹22,77,870 lakh

Assets

  • Cash and Balances with RBI: ₹94,140 lakh
  • Balances with Banks and Money at Call: ₹15,427 lakh
  • Investments: ₹4,85,657 lakh
  • Advances: ₹15,73,828 lakh
  • Fixed Assets: ₹37,030 lakh
  • Other Assets: ₹71,788 lakh
  • Total Assets: ₹22,77,870 lakh

Important Disclosures and Notes

Accounting Policies

  • Financial results prepared in accordance with AS 25, Banking Regulation Act 1949, and RBI guidelines
  • Same accounting policies followed as in annual financial statements except for Investment Fluctuation Reserve (IFR)
  • IFR balance of ₹3,068 lakh transferred to accumulated profit & loss account during Q1 FY26 per RBI directions dated May 18, 2026

COVID-19 Resolution Framework

  • Total exposure under resolution frameworks: ₹906 lakh as of September 30, 2026
  • Personal loans: ₹783 lakh, Corporate persons (MSME): ₹31 lakh, Others: ₹92 lakh
  • ₹5 lakh slipped into NPA during the half-year

Projects Under Implementation

  • 32 accounts with ₹15,081 lakh outstanding as of September 30, 2026
  • 12 accounts (₹4,174 lakh) undergoing resolution process with extended DCCO

Miscellaneous Income

  • Recovery from technically written off accounts: ₹1,609 lakh (1.60% of total income)
  • Processing charges: ₹1,594 lakh (1.59% of total income)

Cash Flow Statement (H1 FY27)

  • Net cash from operating activities: ₹23,284 lakh
  • Net cash used in investing activities: ₹(20,897) lakh
  • Net cash from financing activities: Nil
  • Cash and cash equivalents at period end: ₹1,09,567 lakh

Board and Audit Details

  • Board meeting held on October 26, 2026, commenced at 12:00 noon, results approved at 1:45 PM
  • Results reviewed by joint statutory central auditors: Abraham & Jose Chartered Accountants and G. Natesan & Co Chartered Accountants
  • Unmodified limited review report issued by auditors