Financial Results Approval

The Board of Directors approved the unaudited financial results of the Bank for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee. The meeting was held on October 29, 2026, and commenced at 11:00 hours, concluding at 13:30 hours.

Key Financial Figures (Q2 FY27 vs Q2 FY26)

  • Net Profit: ₹218.04 crore (up from ₹24.14 crore YoY)
  • Total Income: ₹2,357.51 crore (up from ₹1,846.29 crore YoY)
  • Interest Earned: ₹2,065.99 crore (up from ₹1,617.35 crore YoY)
  • Other Income: ₹291.51 crore (up from ₹228.95 crore YoY)
  • Operating Profit before Provisions: ₹402.37 crore (up from ₹240.56 crore YoY)
  • Provisions and Contingencies: ₹114.99 crore (down from ₹207.02 crore YoY)
  • Tax Expense: ₹69.34 crore (up from ₹9.40 crore YoY)
  • Basic EPS: ₹1.91 (up from ₹0.21 YoY)
  • Diluted EPS: ₹1.90 (up from ₹0.21 YoY)

Key Financial Figures (H1 FY27 vs H1 FY26)

  • Net Profit: ₹401.65 crore (vs net loss of ₹199.63 crore in H1 FY26)
  • Total Income: ₹4,573.01 crore (up from ₹3,786.84 crore YoY)
  • Interest Earned: ₹4,026.39 crore (up from ₹3,266.21 crore YoY)
  • Other Income: ₹546.62 crore (up from ₹520.63 crore YoY)

Asset Quality (as of September 30, 2026)

  • Gross NPA: ₹1,086.30 crore (2.29% of gross advances)
  • Net NPA: ₹324.99 crore (0.70% of net advances)
  • Capital Adequacy Ratio (Basel II): 20.92%
  • Return on Assets (average): 0.61%
  • Net Worth: ₹5,995.77 crore
  • Debt-Equity Ratio: 0.75

Segment Performance (Q2 FY27)

  • Retail Banking: Revenue ₹1,996.59 crore, Segment Result ₹217.79 crore
  • Wholesale Banking: Revenue ₹56.66 crore, Segment Result ₹5.51 crore
  • Treasury: Revenue ₹275.39 crore, Segment Result ₹54.76 crore
  • Other Banking Operations: Revenue ₹28.87 crore, Segment Result ₹27.84 crore

Balance Sheet Highlights (as of September 30, 2026)

  • Total Assets: ₹68,446.47 crore
  • Advances: ₹46,751.47 crore
  • Deposits: ₹52,482.72 crore
  • Borrowings: ₹6,885.81 crore
  • Capital: ₹1,144.13 crore
  • Reserves and Surplus: ₹5,409.02 crore

Cash Flow (H1 FY27)

  • Net cash from operating activities: ₹506.79 crore
  • Net cash used in investing activities: ₹(356.48) crore
  • Net cash from financing activities: ₹1,127.54 crore
  • Net increase in cash and equivalents: ₹1,277.84 crore

Corporate Actions

  • ESOP Allotment: Allotted 30,83,857 equity shares (face value ₹10 each) to employees pursuant to ESOP scheme exercise during H1 FY27.
  • Capital Raising: Raised Tier II Capital of ₹50,000 lakh during H1 FY27.
  • Chairman Re-appointment: Board approved re-appointment of Mr. Anil Kumar Sharma (DIN: 08537123) as Part-Time Chairman for a further three-year term from April 25, 2027, to April 24, 2030, subject to RBI approval.
  • Registered Office Change: Board approved shifting of registered office from 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai - 600 002 to Equitas Towers, Old Door Nos. 190/1, 190/A and 190/B (New Door Nos. 8, 10 and 12), Mount Road, Little Mount, Saidapet, Chennai - 600 015, effective October 30, 2026.

Auditor Review

The unaudited financial results were reviewed by joint statutory auditors M/s. Suri & Co. and M/s. Sundaram & Srinivasan, Chartered Accountants, who issued an unmodified limited review report.