Financial Results Overview

The Board of Directors approved the unaudited financial results for Q2 and half year ended September 30, 2026, after review and recommendation by the Audit Committee. The results were subject to limited review by joint statutory auditors Mukund M. Chitale & Co and Gokhale & Sathe LLP, who issued an unmodified review report.

Key Financial Figures (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Interest Earned: 70,286
  • Other Income: 12,652
  • Total Income: 82,938
  • Interest Expended: 33,409
  • Operating Expenses: 34,979
  • Operating Profit before Provisions: 14,550
  • Provisions and Contingencies: 4,126
  • Profit before tax: 10,424
  • Tax Expense: 2,769
  • Net Profit: 7,655

Half Year Ended September 30, 2026:

  • Total Income: 1,59,960
  • Net Profit: 15,173

Comparative Figures (Q2 YoY):

  • Net Profit increased to ₹7,655 lakhs from ₹3,041 lakhs in Q2 FY26
  • Total Income increased to ₹82,938 lakhs from ₹59,950 lakhs in Q2 FY26

Asset Quality Metrics

  • Gross NPAs: ₹43,831 lakhs (2.97% of gross advances)
  • Net NPAs: ₹22,449 lakhs (1.54% of net advances)
  • Provision Coverage: Floating provision of ₹6,652 lakhs as of September 30, 2026

Capital Adequacy

  • Capital Adequacy Ratio: 19.37% as of September 30, 2026
  • Net Worth: ₹2,15,672 lakhs
  • Paid-up equity share capital: ₹10,630 lakhs (Face Value ₹10 each)

Performance Ratios

  • Basic EPS: ₹7.20 for Q2 FY27 (₹2.86 in Q2 FY26)
  • Return on Assets (average): 0.37% for Q2 FY27
  • Debt Equity Ratio: 1.14

Segment Performance

Revenue by Segment (Q2 FY27):

  • Treasury: ₹9,924 lakhs
  • Retail Banking: ₹77,839 lakhs
  • Corporate: ₹5,137 lakhs
  • Other Banking Operations: ₹1,396 lakhs

Profit by Segment (Q2 FY27):

  • Treasury: ₹1,231 lakhs
  • Retail Banking: ₹12,056 lakhs
  • Corporate: (₹2,402) lakhs loss

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹21,44,306 lakhs
  • Deposits: ₹16,18,372 lakhs
  • Borrowings: ₹2,53,195 lakhs
  • Advances: ₹14,55,859 lakhs
  • Investments: ₹4,41,816 lakhs

Corporate Action

During the half year ended September 30, 2026, the Bank allotted 6,325 equity shares pursuant to exercise of stock options under ESOP 2019.

Management Change

Mr. Ranjit Jayant Shah (DIN: 00088405), Non-Executive Non-Independent (Investor) Director, will complete his total tenure of 8 years as permissible under Banking Regulation Act, 1949 on November 1, 2026. He shall cease to hold office effective November 2, 2026.

Meeting Details

The Board meeting commenced at 2:45 PM and concluded at 6:10 PM on October 29, 2026.