Key Financial Figures (₹ in lakh)

Income Statement Highlights:

  • Total Income: ₹100,228.06 (Q2 FY27) vs. ₹93,731.76 (Q2 FY26)
  • Interest Earned: ₹90,925.62 (Q2 FY27)
  • Other Income: ₹9,302.44 (Q2 FY27)
  • Interest Expended: ₹47,394.99 (Q2 FY27)
  • Operating Expenses: ₹44,308.68 (Q2 FY27)
  • Operating Profit before Provisions: ₹8,524.39 (Q2 FY27) vs. (₹332.40) (Q2 FY26)
  • Provisions and Contingencies: ₹16,588.85 (Q2 FY27) vs. ₹46,164.79 (Q2 FY26)
  • Profit before tax: (₹8,064.46) (Q2 FY27) vs. (₹46,497.19) (Q2 FY26)
  • Tax expense: (₹1,079.24) (Q2 FY27)
  • Net Profit after tax: (₹6,985.22) [₹698.52 crore] (Q2 FY27) vs. (₹34,846.47) [₹348.46 crore] (Q2 FY26)

Half-Yearly Figures (H1 FY27):

  • Total Income: ₹200,465.28
  • Net Profit after tax: (₹10,377.19) [₹1,037.72 crore]

Capital Structure:

  • Paid-up equity share capital: ₹1,77,952.37 lakh (face value ₹10 each)
  • Net Worth: ₹1,93,314.44 lakh as of September 30, 2026

Key Ratios:

  • Capital Adequacy Ratio (CAR): 17.05% (Sep-26) vs. 17.71% (Mar-26)
  • Gross NPA: 5.96% (Sep-26) vs. 12.42% (Sep-25) and 7.71% (Mar-26)
  • Net NPA: Not quantified as a percentage in the disclosure. Net NPA amount: ₹52,905.95 lakh
  • Return on Assets (not annualized): (0.24%) for Q2 FY27
  • Earnings per share (Basic & Diluted): (₹0.39) for Q2 FY27; (₹0.58) for H1 FY27

Segment-wise Performance (H1 FY27, ₹ in lakh)

  • Retail: Revenue ₹1,54,837.74; Result (₹7,062.01)
  • Wholesale: Revenue ₹19,108.75; Result ₹2,866.25
  • Treasury: Revenue ₹26,518.79; Result (₹8,410.17)

Assets and Liabilities (as of September 30, 2026, ₹ in lakh)

  • Deposits: ₹23,86,935.30
  • Borrowings: ₹1,93,850.40
  • Advances: ₹19,30,224.07
  • Investments: ₹6,26,308.02
  • Total Assets: ₹29,08,996.85

Cash Flow (H1 FY27, ₹ in lakh)

  • Net cash from operating activities: (₹10,739.14)
  • Net cash from investing activities: ₹52,929.22
  • Net cash from financing activities: (₹89,074.31)
  • Net decrease in cash and equivalents: (₹46,884.23)
  • Cash and equivalents at period end: ₹1,85,234.81

Material Updates and Events

1. Amalgamation with Utkarsh CoreInvest Limited (UCL):

  • A draft scheme of amalgamation of UCL (Promoter Company) with the Bank was approved by both Boards on September 20, 2024.
  • The appointed date is April 01, 2025, or as approved by NCLT.
  • No objection/observation letters have been received from RBI, BSE, and NSE.
  • Meetings of unsecured creditors and equity shareholders were convened on March 28, 2026, and the scheme was passed with requisite majority.
  • A second motion petition was filed with NCLT on April 05, 2026.
  • The NCLT hearing is fixed for November 19, 2026, pending a reply from Income Tax authorities.

2. Debt Issuance and Redemption:

  • The Bank issued rated, listed, unsecured, subordinated, redeemable, lower tier II Non-Convertible Debentures amounting to ₹30,000 lakh on September 25, 2026, at a premium of ₹26.40 lakh.
  • The Bank redeemed debentures of ₹9,500 lakh at par on July 21, 2026.

3. Asset Quality and Provisions:

  • The Bank reassessed its provision estimate for NPAs covered under the Credit Guarantee Fund for Micro Units (CGFMU).
  • Eligible guarantee cover was considered, reducing the provision for NPAs by ₹2,921.00 lakh for Q2 FY27 and ₹10,582.85 lakh for H1 FY27.
  • Consequently, the loss before tax was lower by an equivalent amount.

4. Stressed Loan Transfers:

  • The Bank transferred stressed loans to Asset Reconstruction Companies (ARCs) and NBFCs during H1 FY27.
  • To ARC: 214,727 accounts; Principal outstanding: ₹72,681.81 lakh; Net book value: ₹36,544.46 lakh; Consideration: ₹14,954.23 lakh.
  • To NBFC: 35,306 accounts; Principal outstanding: ₹7,512.65 lakh; Net book value: ₹1,038.21 lakh; Consideration: ₹1,550.00 lakh.
  • The Bank received Security Receipts (SRs) amounting to ₹7,166.30 lakh as part of the consideration for transfers to ARC.

5. Employee Stock Option Plan (ESOP):

  • During H1 FY27, the Bank granted 50,000 stock options under the ESOP 2020 plan.
  • As of September 30, 2026, 71,03,812 options were lapsed, 1,85,92,521 options were vested but unexercised, and 3,73,76,444 options remain unvested.
  • No equity shares were allotted from ESOP exercises during the period.

6. Leave Policy Change:

  • The Bank revised its Leave Policy, reducing maximum Earned Leave accumulation from 45 days to 30 days and discontinuing encashment on separation (except up to 30 days on superannuation).
  • This resulted in a reversal of accumulated leave liability provision amounting to ₹2,561.47 lakh.