• The document is a regulatory filing containing the full transcript of the Q2 FY27 Earnings Conference Call, conducted after the Board of Directors meeting held on October 24, 2026.
  • The event was an earnings call to discuss the financial results for the quarter and half year ended September 30, 2026.
  • The call was hosted on October 24, 2026. A specific time was not mentioned in the transcript.
  • The management participants were:
  • Mr. V. Vaidyanathan – Managing Director and Chief Executive Officer
  • Mr. Sudhanshu Jain – Chief Financial Officer and Head of Corporate Center
  • Mr. Saptarshi Bapari – Head Investor Relations & ESG
  • The transcript was made available on the Bank's website at the provided link as part of the regulatory compliance.
  • The call included a detailed presentation of financial results, business updates, and a Q&A session with analysts. No statement regarding the sharing of unpublished price sensitive information (UPSI) was explicitly made in the transcript.

Financial Highlights Discussed

  • Financial Period: Q2 FY27 (Quarter ended September 30, 2026) and H1 FY27.
  • Profitability: Net Profit After Tax (PAT) stood at INR1,045 crores, up 196.5% YoY. Core PAT (excluding trading gains and one-offs) was INR1,036 crores.
  • Business Growth: Gross advances grew 30.1% YoY to INR3.47 lakh crores. Customer deposits grew 26.9% YoY to over INR3.4 lakh crores.
  • FCNR(B) Mobilization: The bank mobilized INR34,390 crores (USD 3.6 billion) in FCNR(B) deposits under an RBI scheme, constituting 10% of total deposits. It extended USD 2.6 billion (INR 25,000 crores) in leverage to NRI customers against these deposits.
  • Asset Quality: Gross NPA ratio improved to 1.32% from 1.51% in Q1. Net NPA ratio was 0.40%. The provision coverage ratio was strong.
  • Margins: Net Interest Margin (NIM) for the quarter was 5.58%, down from 5.90% in Q1, primarily due to the impact of FCNR mobilization and excess liquidity. Management guided for a recovery to approximately 5.8% by Q4 FY27.
  • Capital Adequacy: Capital Adequacy Ratio (CAR) stood at 14.66% with a CET-1 ratio of 13.01%.
  • Forward-looking Statements: Management discussed the trajectory of profitability, expecting the incremental cost-to-income ratio to remain around 55%. They also addressed the potential impact of a consultation paper from IRDAI on insurance commissions, stating that countervailing factors like benefits from FCNR deposits and expected repo rate hikes could largely offset the impact.

Additional Notes Section

  • The document is the official transcript of the earnings call, filed pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.
  • Detailed financial data was disclosed and discussed during the call, including advances, deposits, NIM, PAT, NPAs, and provisions.
  • The summary excludes specific dial-in numbers and access codes as they are operational details not required for this summary.