Financial Results Summary

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Net Profit: ₹16.02 crore (vs loss of ₹11.58 crore in Q2 FY26)
  • Total Income: ₹138.80 crore (vs ₹96.50 crore)
  • Interest Earned: ₹117.47 crore (vs ₹71.50 crore)
  • Operating Profit: ₹36.24 crore (vs ₹9.33 crore)
  • Provisions: ₹14.79 crore (vs ₹24.87 crore)
  • EPS Basic: ₹3.10 (vs loss of ₹2.25)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Net Profit: ₹24.03 crore (vs loss of ₹19.70 crore in H1 FY26)
  • Total Income: ₹273.41 crore (vs ₹198.84 crore)
  • Interest Earned: ₹206.33 crore (vs ₹143.56 crore)
  • Operating Profit: ₹71.14 crore (vs ₹21.82 crore)
  • Provisions: ₹38.99 crore (vs ₹48.28 crore)
  • EPS Basic: ₹4.66 (vs loss of ₹3.82)

Key Financial Metrics

Asset Quality (as of September 30, 2026)

  • Gross NPA: ₹678.58 crore (2.84% of gross advances)
  • Net NPA: ₹79.88 crore (0.34% of net advances)
  • Capital Adequacy Ratio (Basel II): 24.14%
  • Return on Assets: 0.51% for Q2, 0.76% for H1
  • Net Worth: ₹2,023.24 crore

Segment Performance (Q2 FY27)

  • Retail Banking: Revenue ₹122.91 crore, Profit ₹18.45 crore
  • Wholesale Banking: Revenue ₹1.79 crore, Profit ₹0.32 crore
  • Treasury: Revenue ₹10.05 crore, Loss ₹0.59 crore
  • Other Banking Operations: Revenue ₹4.06 crore, Profit ₹3.27 crore

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹32,689.66 crore
  • Deposits: ₹28,465.63 crore
  • Borrowings: ₹1,783.67 crore
  • Investments: ₹6,369.93 crore
  • Advances: ₹23,334.94 crore
  • Cash & Balances with RBI: ₹87.29 crore

Board Decisions

Management Reappointment

The Board recommended re-appointment of Shri George Kalaparambil John (DIN: 00694646) as Whole Time Director (Designated as Executive Director) for 3 years from May 18, 2027 to May 17, 2030, subject to RBI and shareholder approval.

Profile of Director

Shri George Kalaparambil John has 30 years of experience, previously serving as Executive Vice President (IT and Operations). He holds an MBA in Fintech from BITS Pilani and MSW in Community Development from University of Pune. He is not related to any other directors or KMPs of the Bank.

Capital Activities

Tier II Capital

  • Raised ₹85 crore during H1 FY27

ESOP Allotment

  • Allotted 457,688 equity shares during H1 FY27 (168,506 in Q2) pursuant to employee stock option scheme exercise

Audit Review

The unaudited financial results were reviewed by joint statutory auditors M/s. Sundaram and Srinivasan and M/s. Rodi Dabir & Co, who issued an unmodified opinion.

Previous Period Auditors

Financial results for previous periods were reviewed/audited by M/s. Sundaram & Srinivasan and M/s. Kirtane & Pandit LLP.

Meeting Details

  • Board Meeting Date: October 29, 2026
  • Commencement Time: 12:00 Noon
  • Results Approval Time: 01:00 PM

Annexures Included

  • Annexure 1: Unaudited Standalone Financial Results with Limited Review Report
  • Annexure 2: Regulation 52(4) disclosures including ratios
  • Annexure 3: Director reappointment disclosures as per SEBI circular