Net Profit: Increased 37% YoY to ₹1,177 crore from ₹862 crore in Q1 FY26. Sequentially, it decreased 7% from ₹1,259 crore in Q4 FY26.
Net Interest Income (NII): Grew 26% YoY to ₹2,946 crore from ₹2,337 crore in Q1 FY26. Sequentially, it decreased 7% from ₹3,173 crore in Q4 FY26.
Operating Profit: Increased 22% YoY to ₹1,897 crore from ₹1,556 crore in Q1 FY26. Sequentially, it decreased 17% from ₹2,276 crore in Q4 FY26.
Fee Income: Grew 22% YoY to ₹957 crore from ₹786 crore in Q1 FY26.
Total Other Income: Stood at ₹1,048 crore, a decrease of 6% YoY from ₹1,113 crore.
Profitability Ratios (Annualized)
Return on Assets (RoA): 1.22%, improved from 1.00% in Q1 FY26.
Return on Equity (RoE): 12.01%, improved from 10.30% in Q1 FY26.
Earnings Per Share (EPS): ₹19.15, up from ₹14.07 in Q1 FY26.
Net Interest Margin (NIM): 3.33%, improved from 2.94% in Q1 FY26.
Cost to Income Ratio: 52.50%, improved from 54.89% in Q1 FY26.
Asset Quality & Provisions
Gross NPA (%): Improved to 1.52% from 1.91% in Q1 FY26.
Net NPA (%): Improved to 0.18% from 0.48% in Q1 FY26.
Provision Coverage Ratio (PCR): Strengthened significantly to 87.37% from 74.41% in Q1 FY26.
Slippage Ratio: Improved to 61 bps from 111 bps in Q1 FY26.
Credit Cost: Improved to 41 bps from 65 bps in Q1 FY26.
Total Provisions (including tax): ₹720 crore, a 4% increase YoY from ₹695 crore.
Balance Sheet Growth
Total Balance Sheet: Grew to ₹3.93 lakh crore from ₹3.53 lakh crore in Q1 FY26.
Deposits: Grew 11% YoY to ₹3.20 lakh crore from ₹3.14 lakh crore as of Mar-26. Granular funding (CASA + Deposits < ₹3Cr) constituted 85% of total deposits.
Advances: Grew to ₹2.77 lakh crore from ₹2.65 lakh crore as of Mar-26.
CASA: stood at ₹1,14,946 crore with a CASA ratio of 35.9%. Savings deposits grew 19% YoY.
NRE Deposits: Grew 13% YoY.
Remittance Market Share: Was 20.34% in FY26.
Capital Adequacy
Capital to Risk-weighted Assets Ratio (CRAR): 16.97% (Tier-I: 15.89%, Tier-II: 1.08%), compared to 16.03% (Tier-I: 14.71%, Tier-II: 1.32%) in Q1 FY26.
Tier-I Capital: Increased by ₹1,588 crore to ₹38,402 crore, funded by internal accruals.
Total Capital Funds: ₹41,015 crore.
Risk-Weighted Assets (RWA): Increased by 4.5% QoQ to ₹2,41,635 crore.
Business Segments & Diversification
Retail, Gold & SME Loans: Constituted 65.6% of the loan book.
Retail Book Mix: Comprised Housing (29%), Gold Loan (25%), LAP (11%), Auto (9%), Personal Loan (7%), and Credit Cards (4%).
Commercial/Corporate Banking: Portfolio grew, with Commercial segment now at 23% of the non-retail book.
Supply Chain Finance: Book grew 36% YoY.
Wholesale Banking Self-Funding: Level was at 36%.
Digital & Distribution Strategy
Digital Transaction Share: Increased to 94.4%.
Branch Network: 1,350 branches and 1,908 ATMs/CRMs as of Jun-26.
Key Digital Initiatives:
Rollout of Collection Hub solution for B2C businesses.
Integration with Bharatkosh and EPFO on FedNet.
Unified Account Opening Solution across all branches.
Multi-Business Access on FedCorp.
Enhanced FASTag ecosystem and services on Feddy (WhatsApp).
Feddy digital assistant handled over 12 lakh customer queries, a 12% QoQ increase.
Launch of in-house investment channel, FedWealth.
Launch of programmable e-Rupee (CBDC) capabilities.
Other Highlights
The presentation includes adjusted comparative figures to exclude a one-off impact in Q4 FY26 for a like-for-like comparison.
The bank received an inaugural international issuer credit rating of BBB-/Stable for the long-term and A-3 for the short-term from S&P Global Ratings.
The bank won several awards, including the Sustainability Enterprise Award (Large Category) and Best Software Testing Team of the Year (Banking).
ESG performance metrics were provided, showing progress towards targets for green portfolio, solar power generation, water conservation, and financing for women entrepreneurs.
