Financial Performance (₹ in Lakhs)

Income Statement:

  • Interest earned: ₹166,243 (vs ₹138,624 in Q1 FY26)
  • Interest on advances/bills: ₹137,159
  • Income on investments: ₹27,780
  • Interest on balances with RBI: ₹1,288
  • Others: ₹16
  • Other income: ₹23,836
  • Total income: ₹190,079
  • Interest expended: ₹89,735
  • Operating expenses: ₹39,237
  • Employees cost: ₹20,924
  • Other operating expenses: ₹18,313
  • Operating profit: ₹61,107
  • Provisions and contingencies: ₹5,393
  • Profit before tax: ₹55,714
  • Tax expense: ₹14,563
  • Net profit: ₹41,151

Key Ratios and Metrics:

  • Capital Adequacy Ratio (Basel III): 32.33%
  • CET 1 ratio: 31.30%
  • Additional Tier 1 ratio: 25.99%
  • EPS (Basic & Diluted): ₹25.99 (not annualized)
  • Gross NPA: ₹39,808 (0.69%)
  • Net NPA: ₹9,800 (0.17%)
  • Provision Coverage Ratio: 75.36% (without technical write-off), 96.04% (with technical write-off)
  • Return on Assets: 2.14%
  • Net Worth: ₹1,056,202
  • Operating Margin: 32.15%
  • Net Profit Margin: 21.65%

Balance Sheet (₹ in Lakhs):

  • Capital: ₹15,835
  • Reserves and Surplus: ₹1,040,367
  • Deposits: ₹6,440,869
  • Borrowings: ₹154,021
  • Other Liabilities: ₹327,513
  • Total Liabilities: ₹7,978,605
  • Cash and balances with RBI: ₹270,405
  • Balance with banks: ₹136,874
  • Investments: ₹1,620,227
  • Advances: ₹5,704,050
  • Fixed Assets: ₹31,209
  • Other Assets: ₹215,840
  • Total Assets: ₹7,978,605

Segment Reporting (₹ in Lakhs):

  • Treasury Revenue: ₹31,794; Segment Results: ₹6,424
  • Corporate/Wholesale Banking Revenue: ₹16,098; Segment Results: ₹5,013
  • Retail Banking Revenue: ₹142,187; Segment Results: ₹44,277
  • Total Segment Revenue: ₹190,079
  • Profit before tax: ₹55,714

Key Disclosures and Notes

1. The financial results were subjected to limited review by Joint Statutory Central Auditors who issued an unmodified opinion.

2. Provision of ₹173 lakhs held for unhedged foreign currency exposure (₹206 lakhs as of June 30, 2025).

3. COVID-19 provision of ₹25,000 lakhs continues to be held as of June 30, 2026.

4. Reported 4 non-credit fraud cases amounting to ₹12.27 lakhs during the quarter, with ₹0.21 lakhs recovered and 100% provision made for remaining amount.

5. Received ₹50,000 lakhs under Inter Bank Participation Certificate (IBPC).

6. PSLC sale realization of ₹21,299 lakhs, with ₹2,724 lakhs recognized as income proportionately on straight-line basis.

7. FEMA penalty reduction: Original penalty of ₹1,699 lakhs reduced to ₹340 lakhs by Appellate Tribunal order dated July 9, 2026.

8. Investment Fluctuation Reserve (IFR) discontinued per RBI directions, with balance of ₹12,960 lakhs transferred to General Reserve.

9. ESOP expense of ₹5.05 lakhs recognized for the quarter.

10. Investor complaints: 2 received during quarter, 2 resolved, 0 unresolved at quarter end.

Auditor Review

The Joint Statutory Central Auditors conducted a limited review and issued an unmodified opinion, noting that nothing came to their attention causing them to believe the statement contains material misstatement, except for Pillar 3 disclosures under Basel III which were not reviewed.