The public sector and private sector banks have released the financial results for Q1FY27.
| Bank | Results |
|---|---|
| Bank of India (BoI) | Click Here |
| Punjab & Sind Bank | Click Here |
| Central Bank of India | Click Here |
| Union Bank of India | Click Here |
| Indian Overseas Bank | Click Here |
| Bank of Maharashtra | Click Here |
| State Bank of India (SBI) | Click Here |
| Punjab National Bank (PNB) | Click Here |
| Bank of Baroda (BoB) | Click Here |
| Canara Bank | Click Here |
| Indian Bank | Click Here |
| UCO Bank | Click Here |
The PSU lender’s Capital Adequacy Ratio stood at 17.17 percent as at June 2026, out of which CET1 ratio was 12.91 percent.
The bank’s domestic deposits stood at Rs 14.73 lakh crore as at June 2026, rising 10.1 percent on a year-on-year basis, while domestic gross advances grew much faster at 17 percent YoY to Rs 12.07 lakh crore as at June 2026.
The company’s asset quality improved during the quarter. The gross non-performing assets (GNPA) ratio improved to 1.57 percent as at June 2026, reduced from 1.84 percent as at March 2026 and 2.69 percent as at June 2025.
The net NNPA ratio improved to 0.36 percent as at June 2026, down from 0.43 percent as at March 2026 and 0.63 percent as at June 2025.
The private sector lender posted a net profit of ₹1,075 crore for the quarter, up 132.2% from ₹463 crore in the corresponding period last year.
NII, the difference between interest earned and interest paid, increased 21% YoY to ₹5,972 crore from ₹4,933 crore a year earlier, reflecting healthy growth in the bank's core lending business. Net Interest Margin (NIM) of the Bank improved to 5.96% in Q1 FY27 from 5.71% in Q1 FY26, up 25 bps. On QOQ, basis it was up by 3 bps.
Operating profit rose 14% YoY to ₹2,553 crore during the quarter, compared with ₹2,239 crore in the year-ago period.
The bank's provisions declined to ₹1,144 crore from ₹1,659 crore in the corresponding quarter last year, although they were higher than ₹869 crore reported in the previous quarter.
Asset quality improved sequentially during the quarter. Gross non-performing assets (GNPA) stood at 1.51% at the end of the June quarter, compared with 1.61% in the March quarter. Net non-performing assets (NNPA) also improved to 0.44% from 0.48% in the preceding quarter.
Total customer business, comprising loans and customer deposits, rose 18.6% year-on-year (YoY) to Rs. 6,04,776 crore as of June 30, 2026, from Rs. 5,10,031 crore a year earlier. On a quarter-on-quarter (QoQ) basis, total customer business grew 5.2%.
The bank's loans and advances, including credit substitutes, increased 20.6% YoY to Rs. 3,05,370 crore from Rs. 2,53,233 crore, while growing 5.2% sequentially. The incremental growth was primarily driven by mortgages, vehicle loans, corporate loans and consumer loans. The retail, agriculture and MSME (RAM) portfolio expanded 18.2% YoY to Rs. 2,41,118 crore and grew 3.8% QoQ. Meanwhile, the wholesale loan book registered stronger growth, rising 30.4% YoY to Rs. 64,252 crore and 11% QoQ.
Customer deposits climbed 16.6% YoY to Rs. 2,99,405 crore as of June 30, 2026, while increasing 5.3% from the previous quarter. CASA deposits grew 24.6% YoY and 8.1% QoQ to Rs. 1,58,492 crore, taking the CASA ratio to 50.8%, compared with 48% a year ago and 49.8% in the March quarter.
The bank's return on assets (RoA) improved to 1.06% in Q1 FY27 from 0.54% in the corresponding quarter last year. Its capital adequacy ratio stood at 15.05%, including a Common Equity Tier-I (CET-I) ratio of 13.33%.
1. Salary & Benefits
- 30–35% increase in pay slip components
- Merger of Special Allowance with Basic Pay for better pension/retirement benefits
- Transparent & uniform performance incentives
- Higher HRA & Transport Allowance especially for metro and semi-urban areas
2. Working Hours & Work-Life Balance
- Immediate 5-day banking in all PSBs
- Fixed working hours - no routine work beyond office hours
- Mandatory 45-minute lunch break for all staff
- Automatic EOD closure after business hours except in emergencies
3. Staffing & Workload
- Minimum staffing norm: 3 Officers + 3 Clerks per branch
- Immediate recruitment to fill all vacancies
- Reduce non-banking work and unnecessary reporting
4. Transfers & Career Progression
- Transparent transfer policy with priority for spouse, medical, disability, compassionate grounds
- Posting within 30 km of hometown after specified service
- Time-bound promotions with adequate vacancies
- Extra benefits for CAIIB/JAIIB qualified - faster progression
5. Leave & Welfare
- Encashment of all unavailed leave at retirement
- Better medical insurance - cashless + higher coverage for staff & pensioners
- Mental health counselling and stress management support
- Education assistance for employees' children
6. Safety & Technology
- Zero tolerance for abuse/assault on bank staff with legal protection
- Better cybersecurity & digital infra to reduce operational load
- AI-based automation for repetitive tasks to focus on customer service
7. Pension & Retirement
- Pension updation for retirees
- Improved family pension and post-retirement medical benefits
- Enhanced gratuity & superannuation in line with inflation
8. Other Key Demands
- Overtime pay / Compensatory off for work beyond hours
- Uniform leave rules l across all PSBs
- Realistic business targets that don’t compromise well-being
- Regular consultation with unions before major policy changes
The country’s second largest public sector lender had posted a net profit of Rs 4,541 crore in the previous corresponding quarter.
The lender, however, posted a 9.5 percent growth in net interest income for Q1 FY27 to Rs 12,524 crore, a near 10 percent growth from Rs 11,435 crore in the prior corresponding quarter.
The bank’s asset quality remained benign, with the net non-performing asset (NNPA) coming down by 10 basis points to 0.5 percent for the June quarter from 0.6 percent, while the gross NPA (GNPA) was at 1.99 percent, as compared to 2.24 percent in the first quarter of FY26.
The lender’s capital adequacy ratio was at 16.31 percent for the first quarter, as compared to 17.61 percent, a whopping 130 basis point drop.
The bank’s global advances grew 17.4 percent to Rs 14.16 lakh crore for Q1 FY27, as compared to Rs 12.07 lakh crore in the previous corresponding period. The bank’s deposits, however, grew lesser at 13.8 percent to Rs 16.33 lakh crore.
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The bank's Net Interest Income (NII), which measures income earned from lending activities after interest expenses, rose 13% YoY to ₹6,833 crore, up from ₹6,068 crore a year earlier. The increase reflects healthy growth in the bank's core lending operations and improved interest earnings.
Bank of India also reported continued improvement in its asset quality during the quarter. Gross Non-Performing Assets (GNPA) declined to 1.81% from 1.98% in the previous quarter, while Net Non-Performing Assets (NNPA) improved to 0.51% from 0.56% on a quarter-on-quarter basis. The lower bad loan ratios indicate better recovery efforts and stronger credit quality.
Net Profit up 36.2% to Rs 3,068 crore versus Rs 2,252 crore YoY
Net Interest Income (NII) up 12.6% to Rs 6,833 crore versus Rs 6,068 crore YoY
Gross NPA at 1.81% versus 1.98% QoQ
Net NPA at 0.51% versus 0.56% QoQ
Provisions to Rs 964 crore versus Rs 1,096 crore YoY
Provisions to Rs 964 crore versus Rs 990 crore QoQ
The lender's provisions stood at ₹963.6 crore, lower than ₹989.7 crore reported in the preceding quarter and ₹1,096 crore in the same quarter last year. The decline in provisioning reflects improving asset quality and reduced stress in the loan portfolio.
The lender's asset quality improved in Q1FY27.Private sector lender IndusInd Bank on July 22 reported 47% jump in standalone net profit at Rs 1,003 crore for the quarter ended June 30, 2026, helped by a drop in funds set aside for potential bad loans.
It reported standalone net profit of Rs 684 crore in the year-ago period.The lender's asset quality improved in Q1FY27.Gross NPA and Net NPA ratios were at 3.25% and 0.95% in Q1FY27 as compared to 3.64% and 1.12%, respectively, in Q1FY26.
Net Interest Income (NII) in Q1 FY27 is at Rs 4,685 crore as compared to Rs 4,640 crore in Q1FY26, a rise of 1%. Net interest margin was at 3.57% for Q1FY27 as compared to 3.46% for Q1FY26.
IndusInd's loans rose 3.3% from the previous quarter, marking the first sequential increase in six quarters. However, they were still down 2.3% from a year earlier.
Net interest income (NII) — the difference between interest earned and interest expended — grew 16.86 per cent YoY to Rs 2,808 crore.
Non-interest income grew 69 per cent YoY to Rs 1,686 crore, driven by Rs 1,018 crore of recoveries from written-off accounts and a 35 per cent increase in fee income to Rs 505 crore.
The bank's net interest margin (NIM) stood at 3.24 per cent at the end of the quarter, compared with 3.19 per cent in the quarter ended March 31, 2026, and 3.18 per cent as of June 30, 2025.
Provisions made by the bank more than doubled to Rs 2,154 crore during the quarter, mainly due to tax-related provisions.
The bank's domestic advances grew 22.26 per cent YoY and 4.31 per cent quarter-on-quarter (Q-o-Q) to Rs 2.44 trillion. Retail advances grew 27.32 per cent YoY to Rs 71,549 crore, backed by growth in the home loan and vehicle loan portfolios. Agriculture advances expanded 30 per cent YoY to Rs 38,952 crore as of June 30, 2026, while advances to the MSME sector grew 18.79 per cent YoY to Rs 47,244 crore. Advances to corporates and others grew 17.14 per cent YoY to Rs 86,742 crore.
Domestic deposits grew 16.42 per cent YoY and 3.68 per cent Q-o-Q to Rs 5.58 trillion. Of this, current account savings account (Casa) deposits grew 12.34 per cent YoY but declined 1.37 per cent Q-o-Q to Rs 1.16 trillion. The Casa ratio stood at 36.94 per cent, compared with 36.91 per cent in Q1 FY26.
The bank has set a target of 10-12 per cent YoY growth in deposits and 12-14 per cent YoY growth in credit for FY27.
Asset quality improved, with the gross non-performing asset (NPA) ratio at 2.08 per cent in the quarter, compared with 2.17 per cent as of March 31, 2026. The net NPA ratio stood at 0.25 per cent as of June 30, 2026, against 0.27 per cent as of March 31, 2026.
There are a total of 395 vacancies for this recruitment. The cadre wise vacancies are given below. These are regular vacancies.
| Cadre | Scale / Grade | Vacancies |
|---|---|---|
| Manager | MMGS-II | 163 |
| Senior Manager | MMGS-III | 153 |
| Chief Manager | SMGS-IV | 52 |
| Assistant General Manager | SMGS-V | 20 |
| Deputy General Manager | TEGS-VI | 7 |
| Post Name | Educational Qualification |
|---|---|
| Local Bank Officer (LBO) | Bachelor’s Degree in any discipline from a recognized university, knowledge of the local language of the applied state, and a minimum of 1 year of relevant work experience. |
| Post Name | Vacancies |
|---|---|
| Local Bank Officer (LBO) | 545 |
