Key Financial Results for Q2 FY 2026-27

  • Net Profit: ₹426.13 crore, representing 21.28% growth compared to ₹351.37 crore in Q2 FY 2025-26
  • Net Interest Income: ₹1,116 crore, highest ever with 37.95% YoY growth from ₹809 crore
  • Operating Profit: ₹732 crore, showing 37% YoY growth from ₹536 crore
  • Other Income: ₹468 crore, decreased by ₹48 crore (9%) from ₹516 crore
  • Provisions (excluding tax): ₹159 crore, increased by ₹96 crore (151%) from ₹63 crore
  • Profit Before Tax: ₹573 crore, increased by ₹101 crore (21%) from ₹472 crore
  • Net Interest Margin: Improved to 3.33% from 2.80% on YoY basis

Asset Quality Metrics

  • Gross NPA: 1.24%, improved by 169 bps from 2.93% YoY
  • Net NPA: 0.09%, improved by 47 bps from 0.56% YoY
  • PCR (excluding write off): 92.42%, increased by 1,113 bps from 81.29% YoY
  • PCR (including write off): 97.84%, increased by 760 bps from 90.25% YoY

Deposit Performance (YoY Growth)

  • Retail Deposits: ₹129,353 crore, increased by ₹16,728 crore (14.85%) from ₹112,625 crore
  • NRI Deposits: ₹38,203 crore, increased by ₹5,008 crore (15.09%) from ₹33,195 crore
  • CASA: ₹43,310 crore, grew by 17.56% with Savings Bank growing 14.34% and Current Account growing 31.19%
  • CASA Ratio: 31.55%, decreased by 31 bps from 31.86%

Advances Growth (YoY)

  • Gross Advances: ₹109,517 crore, increased by ₹17,231 crore (18.67%) from ₹92,286 crore
  • Corporate Segment: ₹43,164 crore, increased by ₹6,156 crore (16.63%) from ₹37,008 crore
  • Gold Loan Portfolio: ₹26,603 crore, increased by ₹7,758 crore (41.17%) from ₹18,845 crore
  • Business Segment: ₹15,490 crore, increased by ₹2,066 crore (15.39%) from ₹13,424 crore
  • Mortgage Loan: ₹5,144 crore, increased by ₹1,215 crore (30.92%) from ₹3,929 crore
  • Vehicle Loan Segment: ₹2,648 crore, increased by ₹360 crore (15.73%) from ₹2,288 crore
  • 99.10% of Large Corporate Segments are rated A & Above

Management Commentary

MD & CEO Mr. Mahesh Muralidhar Pai stated the bank's strategy centers around sustained profitability, superior asset quality, resilient loan book, and robust retail liability portfolio. The bank is sharpening organizational structure and leveraging digital technology to achieve business objectives. Focus remains on acquiring quality assets in Corporate Lending, MSME Loans, Housing Loans, Auto Loans, and Gold Loans, with continued emphasis on liability through active customer engagement and quality acquisition.

Corporate Details

  • The financial results include the financial results of wholly owned subsidiary SIBOSL
  • 959 branches, 1277 ATMs/CRMs across India, and a Representative Office in Dubai, UAE
  • Over 98% of transactions done through digital channels