Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY26)

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

The Limited Review Report issued by the statutory auditors, Bilimoria Mehta & Co., contains no modifications or qualifications. The report states that nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Auditor’s Comment:

The auditors noted that Pillar 3 disclosures under Basel II Capital Regulations as at June 30, 2026, which have been disclosed on the Bank's website, were not reviewed by them.

Key Financial Highlights [~ in lakhs]:

Standalone Results:

Revenue from Operations: Not explicitly broken out. Total Income is presented.

Total Income: ₹30,687 lakhs for Q1 FY26, compared to ₹45,347 lakhs in Q1 FY25 (YoY decrease of 32.3%) and ₹33,998 lakhs in Q4 FY25 (QoQ decrease of 9.7%).

EBITDA: Not disclosed.

Net Profit: Net Loss of ₹1,372 lakhs for Q1 FY26, compared to a Net Profit of ₹1,776 lakhs in Q1 FY25 and ₹710 lakhs in Q4 FY25.

EPS: Basic and Diluted EPS of (₹1.65) for Q1 FY26, compared to ₹2.13 in Q1 FY25 and ₹0.85 in Q4 FY25.

Other Equity: Not specified for the current quarter. Reserves were ₹68,704 lakhs as of March 31, 2026.

Cash and Cash Equivalents: Not directly disclosed.

Debt: Total borrowings (debt) are used in ratios. The Debt-to-Equity ratio was 2.56 for Q1 FY26, up from 1.91 in Q4 FY25 and 1.28 in Q1 FY25.

Consolidated Results:

The Bank does not have any subsidiary/associate/joint venture companies as of June 30, 2026. Therefore, the standalone results are the consolidated results.

Segment-wise Performance [~ in lakhs]:

The Bank reports four segments: Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations.

  • Total Income: ₹30,687 lakhs for Q1 FY26.
  • Segment Results (PBT): A total loss before tax of ₹1,372 lakhs for Q1 FY26.
  • Segment Assets: Total segment assets were ₹569,662 lakhs as of June 30, 2026. The Treasury segment holds the largest portion of assets (₹481,844 lakhs).
  • Segment Liabilities: Total segment liabilities were ₹490,183 lakhs as of June 30, 2026.

Corporate Actions:

No dividends, share splits, bonus issues, buybacks, or capital raising activities were announced in this filing.

Other Significant Information:

  • Small Finance Bank Transition: The Bank received in-principle approval from the Reserve Bank of India on December 5, 2025, for transition into a Small Finance Bank. An external consultant has been appointed to support the transition.
  • Capital Adequacy: The Capital Adequacy Ratio (CRAR) was 82.58% as of June 30, 2026, down from 83.95% in March 2026 but up from 73.35% in June 2025.
  • Return on Assets: Return on Assets (Average) was -0.25% for Q1 FY26, down from 0.41% in Q1 FY25 and 0.14% in Q4 FY25.
  • Net Worth: Net Worth was ₹58,006 lakhs as of June 30, 2026, down from ₹60,391 lakhs in March 2026.
  • Other Income: Comprises fees and commission from CASA, micro-ATMs, AePS transactions, domestic remittances, debit cards, third-party products (insurance, gold loans), Business Correspondent Banking, Digital Payment Services, and Cash Management Services.
  • Other Operating Expenses: Includes commission paid to Business Correspondents, Interchange expenses, and NPCI switching fees.