Punjab & Sind Bank Q1 Net profit jumps 23%

Punjab & Sind Bank, a public sector lender, announced on Saturday that its net profit for the June quarter increased by 23% to Rs 331 crore thanks to a decrease in bad debts and an improvement in core revenue. In the same quarter of the prior fiscal year, the lender had made a net profit of Rs 269 crore.

According to a regulatory statement by Punjab & Sind Bank, the total income for the June quarter rose to Rs 3,546 crore from Rs 3,379 crore in the same period of the previous fiscal year.The bank's interest earnings increased from Rs 2,911 crore in the June quarter of FY26 to Rs 3,213 crore.

The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year.Net interest margin was at 2.53 per cent at the end of the quarter under review.

During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago.

The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.21 per cent of gross advances at the end of the June quarter from 3.34 per cent a year ago.

Its gross advance increased 19 per cent to Rs 1,19,290 crore from Rs 99,950 crore at the end of June 2025.Similarly, net NPAs, or bad loans, declined to 0.65 per cent against 0.91 per cent in the year-ago period.

As a result, provisions and contingencies dropped to Rs 94 crore during the first quarter compared to Rs 217 crore a year ago.Its provision coverage ratio (PCR) improved to 92.33 per cent from 91.77 per cent in the same quarter a year ago.

At the same time, return on assets (ROA) improved to 0.73 per cent for the first quarter of the current fiscal year, from 0.67 per cent in June 2025, it said.

Capital adequacy ratio of the bank slightly declined to 17.61 per cent from 17.9 per cent in the same quarter of FY26.The total business grew 15 per cent to Rs 2,66,420 crore from Rs 2,31,132 crore at the end of June 2025.

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IDBI Bank Q1 Net profit grows 5% YoY

For the April–June quarter of the current fiscal year 2027, IDBI Bank declared a standalone net profit of Rs 2,115 crore on Saturday. This is a 5% year-over-year (YoY) increase from Rs 2,007 crore the previous year.

From Rs 3,166 crore in Q1 FY26 to Rs 3,486 crore in Q1 FY27, the bank's net interest income—the difference between interest received and interest expenses—rose more than 10% year over year.

Although it improved year over year, IDBI Bank's asset quality has somewhat deteriorated during the March quarter. Compared to 0.15% in Q4 FY26 and 0.21% in Q1 FY26, the lender's net non-performing asset ratio was 0.16%.

Provisions and contingencies stood at a negative Rs 637 crore, as against a negative Rs 179 crore in the year-ago period. Capital adequacy ratio, meanwhile, increased to 26.92% during the quarter under review, while return on assets stood at 1.89%.

IDBI Bank’s total deposits grew 10% YoY to Rs 3.26 lakh crore, while net advances rose 22% YoY to Rs 2.59 lakh crore. Credit deposit ratio stood at 79.5%, marking an improvement by 810 bps YoY and 644 bps QoQ. Net interest margin (NIM) stood at 3.61%. The lender’s total balance sheet increased 10% YoY to Rs 4.44 lakh crore.

The company’s current account savings account ratio stood at 43.64%, marking a 99 bps fall since June last year. CASA, meanwhile, grew 7% YoY to Rs 1.42 lakh crore in Q1 FY27.

Over a longer term, IDBI Bank shares have delivered a negative return of 13% over one year, but positive returns of 50% in three years and 130% in five years. The company has a market capitalisation of nearly Rs 93,546 crore.

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HDFC Bank Q1 net profit rises 5%

For the April-June quarter (Q1 FY27), HDFC Bank Ltd. recorded a standalone net profit of Rs 19,059.72 crore on Saturday, up 4.98 percent from the same period last year but less than the CNBC-TV18 poll prediction of Rs 19,332 crore. In addition to exceeding the poll forecast of Rs 34,353 crore, net interest income (NII) increased 6.7 percent year over year to Rs 33,535.95 crore.

For the quarter, the net interest margin (NIM) was 3.26 percent on total assets and 3.40 percent on assets that generated interest.

The average deposits at the nation's biggest private lender increased by 10.8% year over year to Rs 30,386 billion, while advances increased by 13.3% YoY to Rs 30,115 billion.

On the asset quality front, gross non-performing assets (GNPAs) stood at 1.17 percent of gross advances as on June 30, 2026, compared with 1.15 percent as on March 31, 2026, and 1.40 percent a year earlier. Net non-performing assets (NNPAs) were at 0.41 percent of net advances as of June 30, 2026.

Furthermore, the bank reported a return on assets (RoA) of 1.85 percent for the June quarter. The bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 19.6 percent as of June 30, as compared to 19.9 percent, in the previous corresponding quarter.

Provisions and contingencies for the quarter stood at Rs 30.6 billion, while the total credit cost ratio was 0.40 percent.

As of June 30, 2026, the Bank’s distribution network was at 9,694 branches, as against 9,499 branches as at the end of June 2025.

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Kotak Mahindra Bank Q1 Net profit jumps 26% YoY

For the April–June quarter of the current fiscal year 2027, Kotak Mahindra Bank recorded a standalone net profit of Rs 4,123 crore on Saturday. This is a nearly 26% year-over-year (YoY) increase from Rs 3,282 crore in the same period last year.

In Q1 FY27, net interest income (NII) increased 9% year over year to Rs 7,928 crore from Rs 7,259 crore in the same time the previous year. In the meantime, the bank's net worth increased by more than 14% year over year to Rs 1.4 lakh crore.

While NPA ratios climbed sequentially, asset quality improved year over year. Net NPA increased 7.5% QoQ from Rs 1,262 crore in Q4 FY26 but decreased 11% YoY to Rs 1,358 crore in Q1 FY27 from Rs 1,531 crore in Q1 FY26.

Gross NPA, meanwhile, dropped 8% YoY to Rs 6,122 crore. Gross NPA ratio shrunk to 1.18%, while net NPA ratio stood at 0.27%. Fresh slippages witnessed a 27% YoY decline to Rs 1,321 crore during the quarter under review.

Kotak Mahindra Bank’s provision and contingencies decreased 45% YoY to Rs 668 crore, while RoE ratio stood at 11.98% during the first quarter, as against 10.94% in Q1 FY26 and 12.27% in Q4 FY26.

The private lender’s CASA ratio stood at 40.3% as on June 30, 2026, while CD ratio was reported at 89.4%. Total deposits rose 14% YoY to Rs 5.59 lakh crore, while net advances grew 15% YoY to Rs 5.12 lakh crore.

Kotak Mahindra Bank’s net interest margin (NIM), however, reduced to 4.53% in the April-June quarter of FY27, from 4.65% in Q1 FY26 and 4.67% in Q4 FY26. Total period-end deposits grew to Rs 5.73 lakh crore for Q1 FY27, up 12% YoY from Rs 5.13 lakh crore for Q1 FY26. Credit-to-deposit ratio as on June 30, 2026 stood at 89.4%, as against 86.7% as on June 30, 2025.

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Yes Bank Q1 results 2026: Net profit jumps 33.7% YoY

Yes Bank reported a net profit of ₹1,071 crore for the April–June 2026 period, up 33.7% Y-o-Y and 0.2% Q-o-Q. Net Interest Income (NIM) for Q1FY27 was 2.7%, up 20 basis points Y-o-Y, thanks to lower deposit costs and a decrease in the balances of Priority Sector Lending (PSL) shortfall deposits.

The private lender reported Advances Growth at 18.3% Y-o-Y and 4.3% Q-o-Q; Deposits growth at 14.3% Y-o-Y; On an Average Quarterly Balance (AQB) basis, Advances and Deposits growth at 15.1% Y-o-Y and 14.8% Y-o-Y, respectively.

CASA Deposits stood at 14.3% Y-o-Y; on an AQB1 basis, CASA growth was stronger at 15.0% Y-o-Y.

Advances Growth stood at 18.3% Y-o-Y and 4.3% Q-o-Q; Deposits growth grew by 14.3% Y-o-Y. On AQB basis, Advances and Deposits growth stood at 15.1% Y-o-Y and 14.8% Y-o-Y, respectively. Continued momentum in Retail Assets Disbursement went up 27.5% Y-o-Y.

Commenting on the results and financial performance, Vinay M. Tonse, Managing Director & CEO at Yes Bank, said, “YES BANK has begun FY27 on a strong footing, with Q1 Net Profit growing ~34% Y-o-Y to INR 1,071 Crs.

Yes Bank reported a significant improvement in Asset Quality, with the GNPA ratio at 1.3%, down 30 bps Y-o-Y, and the NNPA ratio at 0.2%, down 10 bps Y-o-Y. The private lender reported Retail Slippages at the lowest in the past 10 quarters at INR 843 Crs (2.7% of Advances) v/s ₹888 crore (2.8% of Advances) in Q4FY26.

Net Credit Costs for the quarter stood 0.3% of Average assets against 0.3% in Q1FY26.

In Q4FY26, reported a standalone net profit of ₹1,068.42 crore, registering a growth of 44.7% from ₹7,381.2 crore in the corresponding period of the previous fiscal.

In Q1FY26, Yes Bank's net profit surged by 59% year-on-year, reaching ₹801 crore compared to ₹502 crore in the same quarter last year. The profit after tax (PAT) increased by over 8% on a sequential basis, up from ₹738 crore in the January-March quarter of FY25.

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ICICI Bank Q1 Net profit rises 16%

Private sector lender ICICI Bank announced its earnings for the quarter ended June 2026 today, July 18. ICICI Bank posted a net profit of ₹14,804.50 crore, up 16% from ₹12,768.21 in the same period last year.

The bank reported healthy growth in its core lending business during the June quarter, with net interest income (NII) rising 12.7% year-on-year to ₹24,384 crore. The growth was driven by strong credit expansion and an improvement in margins. Net interest margin (NIM) for Q1 FY27 stood at 4.36%, compared with 4.34% in the corresponding quarter last year.

On the asset quality front, the bank continued to strengthen its balance sheet, with the gross non-performing asset (GNPA) ratio improving to 1.38% and the net non-performing asset (NNPA) ratio standing at 0.35% as of June 30, 2026.

The bank's total advances increased 19.6% year-on-year to ₹16,31,260 crore as of the end of the quarter, while total deposits grew 14% to ₹18,33,586 crore. The retail loan portfolio accounted for 49.2% of the overall loan book and registered 12% year-on-year growth.

The business banking portfolio grew by 28.2% YoY and the rural portfolio grew by 35.4% YoY in Q1FY27. The bank’s domestic corporate portfolio grew by 18.5% YoY in Q1 and the domestic advances grew by 18.8% compared to the same quarter last fiscal.

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Axis Bank Q1 Results: Net profit jumps 23% YoY

For the April–June quarter of FY27, Axis Bank recorded a standalone net profit of Rs 7,114 crore on Saturday. This is a 22.5% year-over-year increase from Rs 5,806 crore in the same quarter of the prior fiscal year.

The private lender’s net interest income (NII) meanwhile rose more than 8% YoY to Rs 14,646 crore during the first quarter of the ongoing financial year 2027, from Rs 13,560 crore reported in the same period last year. Notably, this is higher than Nomura and Kotak Institutional’s estimates. Net interest margin during the quarter under review stood at 3.46%.

Axis Bank's gross non-performing assets (GNPA) declined around 4% YoY to Rs 17,124 crore, while net NPA rose around 2.5% YoY to Rs 5,193 crore. The gross NPA and net NPA ratios improved on a YoY basis to 1.28% and 0.39%, respectively. However, both increased sequentially from 1.23% and 0.37% in Q4 FY26.

The lender’s debt-to-equity ratio stood at 1.12% in Q1 FY27, as against 1.15% in Q4 FY26 and 0.98% in Q1 FY26. Axis Bank's net worth meanwhile rose around 14% YoY to Rs 2.03 lakh crore during the quarter under review, while net slippage ratio fell 121 bps YoY to 1.12%.

Return on Average Assets stood at 1.51% during the first quarter of FY27, as against 1.47% in the year-ago period. Its current account savings account (CASA) deposits rose 11% to Rs 5.22 lakh crore, as on June 30, 2026.

Provision and contingencies for Q1 FY27 stood at Rs 2,223 crore, while specific loan loss provisions stood at Rs 2,079 crore. Axis Bank said that during Q4 of FY26, it had proactively strengthened its balance sheet by voluntarily enhancing its prudent provisioning framework for standard assets, in line with conservative risk-management philosophy.

The share of CASA deposits in total deposits stood at 38%. On QAB basis, total deposits grew 6% QoQ and 18% YoY, within which savings account deposits grew 14% YoY, current account deposits grew 13% YoY, and term deposits grew 21% YoY.

The lender’s advances rose 19% YoY and 2% QoQ to Rs 12.62 lakh crore as on June 30, 2026. Retail loans grew 8% YoY to Rs 6,76 lakh crore and accounted for 54% of the net advances. The share of secured retail loans stood at around 73%, with home loans comprising 26% of the retail book. Small Business Banking (SBB) advances grew 2% QoQ and 18% YoY, while loans against property rose 11% YoY, personal loans increased 7% YoY, credit card advances grew 5% YoY and the rural loan portfolio expanded 16% YoY.

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Central Bank of India Q1 results: Profit jumps 13%

Central Bank of India, a public sector lender, announced on Friday that its net profit for the June quarter increased by 13% to ₹1,324 crore.

In the same quarter of the prior fiscal year, the lender made a net profit of ₹1,169 crore.

According to a regulatory statement by the Central Bank of India, total income increased to ₹10,678 crore in the June 2026 quarter from ₹10,360 crore in the same period of FY26.

The bank earned ₹9,691 crore in interest during the quarter, up from ₹8,589 crore during the June quarter of FY26.

But compared to the same period last year, the bank's operating profit dropped to ₹2,186 crore from ₹2,304 crore.

Gross non-performing assets (NPAs) decreased to 2.60 percent of gross loans at the end of the June quarter from 3.13 percent a year earlier, indicating an improvement in the bank's asset quality.

As of June 30, 2026, the bank's net non-performing assets (NPAs) were steady at 0.49%.

Consequently, provisions for bad loans fell sharply from ₹468 crore at the end of June 2025 to ₹346 crore.

The bank's capital adequacy ratio increased to 18.28% during the quarter from 17.66% at the conclusion of the first quarter of FY26.

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Union Bank of India Q1 Profit jumps 30% YoY

Union Bank of India, a public sector bank (PSB), announced on Wednesday, July 15, that its standalone profit for the April-June quarter of the current fiscal year (Q1FY27) increased by 29.6% year over year (YoY) to ₹5,332.30 crore. In the same quarter of the prior fiscal year, the lender made ₹4,115.53 crore.

The bank's total income for the June quarter rose by 1.3% YoY to ₹31,806.20 crore. In Q1FY26, its total income was ₹31,405.03 crore.

Union Bank of India's operating expenses declined by 0.80% YoY to ₹6,637.66 crore from ₹6,689.67 crore in the same quarter last year.

Operating profit for the quarter under review jumped nearly 16% YoY to ₹8,002.58 crore from ₹6,908.66 crore in the June quarter of the last financial year.

Its provisions and contingencies, other than taxes, declined to ₹979.42 crore in Q1FY27 from ₹1,664.51 crore in the corresponding quarter of the previous financial year, and ₹1,054.98 crore in Q4FY26.

Gross advances during the quarter increased by 12.50% YoY, while total deposit grew by 3.50% YoY, with total deposits base of ₹12,83,366 crore by the end of the June quarter. The bank said it had a total business of ₹23,79,697 crore as on 30 June 2026.

Gross NPA (%) reduced by 87 bps YoY to 2.65% and net NPA (%) reduced by 15 bps YoY to 0.47% as on 30 June this year.

The bank's return on assets (RoA) and return on equity (RoE) stood at 1.36% and 17.23%, respectively, during Q1FY27.

Net interest income (NII) increased by 10.15% YoY and 6.71% QoQ to ₹10,037 crore, while net interest margin (NIM) increased by 4 bps YoY and 16 bps QoQ to 2.80%.

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Big PSU Bank Disinvestment Move: Govt Eyes OFS for Some PSBs

According to official sources who spoke to NDTV Profit, the Center intends to implement an Offer for Sale (OFS) in Indian Overseas Bank (IOB) as part of its strategy to decrease its stake in public sector banks and adhere to minimum public shareholding requirements. The OFS is anticipated to be launched shortly in order to reduce the government's 92.44% ownership of Indian Overseas Bank.

This comes after the government successfully sold a 2.17% share in IOB through an OFS in December 2025, which was well appreciated by investors.

In order to satisfy public float requirements, the government is anticipated to continue selling stakes in public sector banks in the upcoming months, according to official sources.

The next banks to be considered for stake dilution are probably Punjab & Sind Bank and UCO Bank.

Currently, the government controls 90.95% of UCO Bank and 93.85% of Punjab & Sind Bank, both of which are substantially more than the minimum public shareholding requirement for listed businesses.

The Center's larger disinvestment policy, which aims to increase market liquidity in state-owned businesses while retaining majority control, includes the proposed stake sales.

The Department of Investment and Public Asset Management (DIPAM) has so far raised Rs 20,272 crore through disinvestment in FY27, according to official sources.

Separately, in an effort to raise funds through strategic share sales and the monetization of public assets, the government has set an asset monetization target of Rs 80,000 crore for the current fiscal year.

Source - NDTV Profit

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