Date: 20th July 2026

Financial Performance Highlights

Quarterly Performance (Q1 FY2027 vs Q1 FY2026):

  • Net Profit: ₹756 crore, increased by 44.92% YoY from ₹521 crore
  • Pre-Provision Operating Profit (PPOP): ₹1,096 crore, increased by 36.15% YoY from ₹805 crore
  • Net Interest Income: ₹1,423 crore, increased by 31.76% YoY from ₹1,080 crore
  • Net Interest Margin: 4.34%, increased by 48 bps YoY from 3.86% and by 2 bps QoQ
  • Commission and Fee Income: ₹270 crore, increased by 7.57% YoY from ₹251 crore
  • Operating Expenses: ₹769 crore compared to ₹721 crore in corresponding quarter previous year
  • Cost to Income Ratio: 41.24% (improved from 47.24% in Q1 previous year)

Key Business Metrics:

  • Total Business: ₹2,27,267 crore, up 15.94% YoY and 5.99% QoQ
  • Deposits: ₹1,22,587 crore, up 14.94% YoY and 5.98% QoQ
  • Advances/Loan Book: ₹1,04,680 crore, up 17.13% YoY and 6.00% QoQ (crossed ₹1 trillion milestone)
  • RAM Loans: Grew 18% YoY and 6% QoQ
  • CASA: Up 15.25% YoY and 8.53% QoQ, CASA ratio at 27.55%

Balance Sheet Growth:

  • Balance Sheet Size: ₹1,44,364 crore as of 30th June 2026, growth of 15.15% from ₹1,25,371 crore as of 30th June 2025
  • Total Business increased by ₹31,243 crore YoY to ₹2,27,267 crore from ₹1,96,024 crore
  • Deposits increased by ₹15,937 crore YoY to ₹1,22,587 crore from ₹1,06,650 crore
  • Advances increased by ₹15,306 crore YoY to ₹1,04,680 crore from ₹89,374 crore

Asset Quality Indicators:

  • Gross NPA: 0.74% (₹772 crore) compared to 0.66% (₹593 crore) as of 30th June 2025 (increased by 8 bps YoY, decreased by 1 bps QoQ)
  • Net NPA: 0.19% (₹196 crore) compared to 0.19% (₹170 crore) as of 30th June 2025
  • Provision Coverage Ratio: 96.21% as of 30th June 2026 compared to 96.76% as of 30th June 2025

Capital Adequacy:

  • Capital Adequacy Ratio (CRAR): 18.61% as of 30th June 2026 (17.36% as of June 30, 2025)
  • CET1 Ratio: 17.98% as of 30th June 2026 (15.58% as of June 30, 2025)
  • Regulatory Requirement: 11.50%
  • Risk-Weighted Assets: ₹80,661 crore as of 30th June 2026 (₹69,441 crore as of June 30, 2025)

Profitability Ratios:

  • Return on Assets (ROA): 2.11% for the quarter
  • Return on Equity (ROE): 20.24% for the quarter

Funding Costs and Yields:

  • Cost of Deposits: 5.45%, decreased by 32 bps from 5.77% for corresponding quarter previous year
  • Yield on Advances: 10.11%, increased by 11 bps from 10.00% for corresponding quarter previous year

Network Expansion:

  • Branches: 903 branches and 1 Digital Banking Unit as of 30th June 2026 (888 branches as of 30th June 2025)
  • ATMs/Cash Recyclers: 2,169 as of 30th June 2026 (2,226 as of 30th June 2025)
  • Business Correspondents: 338
  • 55% of branches are in semi-urban and rural areas

Management Commentary:

Mr. Ramesh Babu B, Managing Director & CEO, stated that performance indicators align with previously issued guidance. The bank successfully front-loaded growth in the first quarter, consistent with their approach over recent years. The results demonstrate sustained strength across all three key metrics—growth, profitability, and asset quality—since the beginning of the year. The CEO emphasized that the quarter's performance reflects the discipline embedded in their business model, risk management, and customer engagement.