The Board took on record the Limited Review Report issued by the Joint Statutory Auditors, M/s. Mukund M. Chitale & Co. (Firm Registration Number 106655W) and M/s. Gokhale & Sathe (Firm Registration Number 103264W), who expressed an unmodified conclusion on the financial results.

Key Financial Results (₹ in Lakhs)

Income Statement:

  • Interest Earned: ₹62,236 (vs ₹49,517 in Q1 FY26)
  • Interest/discount on advances/bills: ₹54,316
  • Income on investments: ₹6,319
  • Interest on balances with RBI and interbank funds: ₹1,496
  • Others: ₹105
  • Other Income: ₹14,746 (vs ₹10,865 in Q1 FY26)
  • Total Income: ₹77,022 (vs ₹60,342 in Q1 FY26)
  • Interest Expended: ₹30,663 (vs ₹24,803 in Q1 FY26)
  • Operating Expenses: ₹32,503 (vs ₹24,687 in Q1 FY26)
  • Employees cost: ₹13,676
  • Other operating expenses: ₹18,827
  • Operating Profit before Provisions: ₹13,856 (vs ₹10,492 in Q1 FY26)
  • Provisions (other than tax): ₹3,666 (vs ₹6,209 in Q1 FY26)
  • Profit before tax: ₹10,190 (vs ₹4,683 in Q1 FY26)
  • Tax Expense: ₹2,672 (vs ₹1,155 in Q1 FY26)
  • Net Profit after tax: ₹7,518 (vs ₹3,528 in Q1 FY26)

Balance Sheet & Ratios:

  • Paid-up equity share capital (Face Value ₹10 each): ₹10,629 lakhs
  • Capital Adequacy Ratio (CRAR): 20.03% (vs 24.61% in Q1 FY26 and 20.45% in Q4 FY26)
  • Earnings Per Share (Basic & Diluted): ₹7.07 (vs ₹3.32 in Q1 FY26)
  • Gross NPAs: ₹93,115 lakhs (6.60% of Gross Advances vs 8.46% in Q1 FY26)
  • Net NPAs: ₹76,955 lakhs (5.27% of Net Advances vs 5.64% in Q1 FY26)
  • Return on Assets: 0.38% (vs 0.22% in Q1 FY26)
  • Net Worth: ₹2,13,729 lakhs (vs ₹1,93,496 lakhs in Q1 FY26)
  • Debt Equity Ratio: 1.22 (vs 1.77 in Q1 FY26)
  • Total Debts to Total Assets: 13.07% (vs 14.23% in Q1 FY26)

Significant Items

  • The Bank carries a floating provision of ₹6,427 lakhs as on June 30, 2026, of which ₹510 lakhs was created during the quarter.
  • The Bank recognized a claim receivable of ₹387.45 Crores from NCGTC under the CGFMU Scheme in Q1 FY27, which was considered virtually certain as of June 30, 2026, and subsequently realized in full on July 1, 2026.
  • The Bank had no public issue, rights issue, or preferential issue during the quarter, and no deviations in use of issue proceeds.
  • The Bank has no outstanding secured listed non-convertible debt securities as on June 30, 2026.
  • Total borrowings from banks/financial institutions stood at ₹2,54,045 lakhs with no defaults.
  • The Bank has no exposure to Project Finance.
  • Consolidation of financial statements is not applicable as the Bank has no subsidiaries/associates/joint ventures.