Key Financial Results - Quarter Ended September 30, 2026

Profit & Loss Account:

  • Net Profit: ₹1,242 crores for Q2 FY27 compared to Net Loss of ₹437 crores for Q2 FY26
  • Net Interest Income (NII): ₹4,569 crores vs ₹4,409 crores in Q2 FY26
  • Net Interest Margin (NIM): 3.23% for Q2 FY27 vs 3.32% for Q2 FY26
  • Fee and other income: ₹2,248 crores vs ₹1,651 crores in Q2 FY26
  • Yield on Assets: 8.35% vs 8.75% in corresponding quarter previous year
  • Cost of Fund: 5.11% vs 5.43% in corresponding quarter previous year
  • Net Revenue: ₹6,817 crores vs ₹6,060 crores in Q2 FY26
  • Operating expenses: ₹3,943 crores vs ₹4,013 crores in Q2 FY26
  • Pre-Provision Operating Profit (PPOP): ₹2,874 crores vs Profit of ₹2,047 crores in Q2 FY26
  • Provisions and contingencies: ₹1,223 crores vs ₹2,631 crores in Q2 FY26

Key Financial Results - Half Year Ended September 30, 2026

Profit & Loss Account:

  • Net Interest Income: ₹9,254 crores vs ₹9,049 crores in corresponding previous half year
  • Fee income: ₹4,034 crores vs ₹3,808 crores in corresponding previous half year
  • Total Income (Interest Income and Fee Income): ₹27,140 crores vs ₹27,681 crores in corresponding previous half year
  • Operating expenses: ₹7,641 crores vs ₹8,243 crores in corresponding previous half year
  • Pre-Provision Operating Profit (PPOP): ₹5,648 crores vs ₹4,615 crores in corresponding previous half year
  • Net Profit: ₹2,279 crores vs ₹167 crores during corresponding previous half year

Balance Sheet Position as of September 30, 2026

Consolidated Figures:

  • Balance sheet size: ₹5,80,148 crores vs ₹5,27,490 crores as on September 30, 2025
  • Deposits: ₹4,28,832 crores vs ₹3,89,600 crores as on September 30, 2025
  • CASA deposits: ₹1,19,766 crores (Current Account: ₹36,742 crores, Savings Account: ₹83,024 crores)
  • CASA ratio: 27.93% of total deposits
  • Retail deposits (LCR definition): ₹2,01,780 crores vs ₹1,80,475 crores as on September 30, 2025
  • Advances: ₹3,63,104 crores vs ₹3,25,881 crores as on September 30, 2025
  • Net worth: ₹65,985 crores vs ₹62,524 crores in Q2 FY26

Asset Quality

  • Gross NPA: 2.73% of gross advances (vs 3.25% as on June 30, 2026 and 3.60% in Q2 FY26)
  • Net NPA: 0.83% of net advances (vs 0.95% as on June 30, 2026 and 1.04% in Q2 FY26)
  • Provision Coverage Ratio: 70.19% as at September 30, 2026 (vs 71.81% in Q2 FY26)

Capital Adequacy

  • CRAR: 16.59% as on September 30, 2026 (vs 17.10% as on September 30, 2025)
  • Tier 1 CRAR: 15.55% as on September 30, 2026 (vs 15.88% as on September 30, 2025)
  • Risk-Weighted Assets: ₹4,25,746 crores vs ₹3,98,256 crores a year ago

Liquidity Position

  • Liquidity Coverage Ratio (LCR): 127% average for Q2 FY27 vs 132% for Q2 FY26

Network and Customer Base

  • Distribution network: 3,139 branches/banking outlets and 2,773 onsite and offsite ATMs (vs 3,116 branches/banking outlets and 3,054 ATMs as of September 30, 2025)
  • Client base: Approximately 42 million as of September 2026

Governance Update

  • Appointment of Ms. Priyanka Sinha as Additional Director in the category of Non-Executive Independent Director for a period of four consecutive years from October 23, 2026, to October 22, 2030, subject to shareholder approval

Management Commentary

MD and CEO Mr. Rajiv Anand commented that Q2 results demonstrate strengthened growth, improved profitability, encouraging asset quality trends, and more granular funding profile. He noted increasing traction across retail businesses and improvement in liability franchise, reflecting work undertaken over the past year to strengthen leadership team, enhance governance and risk standards, and invest in technology and operating capabilities.

Subsidiaries and Consolidation

The financial results include the financial results of wholly owned subsidiary Bharat Financial Inclusion Limited (BFIL), a business correspondent involved in originating small ticket loans for the Bank, and associate company IndusInd Marketing and Financial Services Private Limited (IMFS).