Date: 15th October 2026

Financial Performance Highlights

H1 FY2027 Performance (Half Year Ended September 2026)

  • Net profit: ₹1,543 crore, up 40.91% from ₹1,095 crore in H1 FY2026
  • Pre-provision operating profit (PPOP): ₹2,258 crore, up 23.86% from ₹1,823 crore
  • Net interest income: ₹2,920 crore, up 24.73% from ₹2,341 crore
  • Net interest margin: 4.34%, increased by 28 bps from 4.06%
  • Cost of deposits: 5.47%, decreased by 22 bps from 5.69%
  • Yield on advances: 10.15%, decreased by 4 bps from 10.19%
  • Commission and fee-based income: ₹561 crore, up 11% from ₹504 crore
  • Operating expenses: ₹1,539 crore compared to ₹1,477 crore
  • Cost to income ratio: 40.53% (44.76% for H1 previous year)

Q2 FY2027 Performance (Quarter Ended September 2026)

  • Net profit: ₹788 crore, up 37.28% from ₹574 crore in Q2 FY2026
  • Pre-provision operating profit (PPOP): ₹1,162 crore, up 14.26% from ₹1,017 crore
  • Net interest income: ₹1,497 crore, up 18.72% from ₹1,261 crore
  • Net interest margin: 4.34% compared to 4.24%
  • Cost of deposits: 5.49%, decreased by 11 bps from 5.60%
  • Yield on advances: 10.20%, decreased by 18 bps from 10.38%
  • Commission and fee-based income: ₹290 crore, up 14.62% from ₹253 crore
  • Operating expenses: ₹770 crore compared to ₹756 crore
  • Cost to income ratio: 39.85% (42.63% for Q2 previous year)

Business Growth Metrics

Balance Sheet Growth (as of 30th September 2026)

  • Total business: ₹2,39,712 crore, up 17.96% YoY (₹36,496 crore increase from ₹2,03,216 crore)
  • Total deposits: ₹1,28,123 crore, up 15.96% YoY (₹17,631 crore increase from ₹1,10,492 crore)
  • Total advances: ₹1,11,589 crore, up 20.35% YoY (₹18,865 crore increase from ₹92,724 crore)
  • Balance sheet size: ₹1,50,831 crore, up 15.94% from ₹1,30,099 crore
  • Quarterly business growth: 5.48% QoQ
  • Quarterly deposit growth: 4.52% QoQ
  • Quarterly advances growth: 6.60% QoQ
  • Advances under RAM growth: 20.00% YoY and 6% QoQ

CASA Performance

  • CASA growth: 15.41% YoY and 4.40% QoQ
  • CASA ratio: 27.52%

Capital Adequacy

  • Capital Adequacy Ratio (CRAR): 17.97% as of September 30, 2026 (16.58% as of September 30, 2025)
  • Regulatory requirement: 11.50%
  • Tier 1 capital: 17.32% compared to 15.58%
  • Risk-weighted Assets: ₹87,496 crore (₹72,498 crore as of September 30, 2025)

Asset Quality

  • Gross NPA (GNPA): 0.69% of gross advances (₹765 crore) compared to 0.76% (₹708 crore) YoY
  • Net NPA (NNPA): 0.18% of net advances (₹199 crore) compared to 0.19% (₹176 crore) YoY
  • Provision Coverage Ratio (PCR): 96.13% compared to 96.76% YoY
  • Quarterly improvement: GNPA decreased by 5 bps QoQ, NNPA decreased by 1 bps QoQ

Profitability Ratios

  • Return on Assets (ROA): 2.10% for the quarter
  • Return on Equity (ROE): 20.47% for the quarter

Network Expansion

  • Branches: 921 branches and 1 Digital Banking Unit (895 branches & 1 Digital Banking Unit as of September 30, 2025)
  • ATMs/Cash Recyclers: 2,192 (2,225 as of September 30, 2025)
  • Branch distribution: 54.29% of branches in semi-urban and rural areas

Management Commentary

Mr. Ramesh Babu B, Managing Director & CEO, stated that key performance indicators are broadly in line with earlier guidance. The business growth has been balanced and broad-based, with sustained performance across three key priorities: growth, profitability, and asset quality. The bank recorded its highest profit of ₹788 crore in Q2. The management remains focused on prudent calibrated growth, operational efficiency, customer centricity, and disciplined risk management to deliver sustainable value to all stakeholders.