State Bank of India(SBI) Q4 Profit rises 6% YoY

 

India's largest bank by assets, State Bank of India (SBI), on Friday, 8 May, reported a 5.6% year-on-year (YoY) rise in standalone net profit for the January-March quarter of the financial year 2026 (Q4FY26) to ₹19,683.75 crore. In the corresponding quarter of the previous financial year, the PSU bank's profit was ₹18,642.59 crore.

However, sequentially, or on a quarter-on-quarter (QoQ) basis, profit declined 6.4% as in Q3FY26, SBI's profit was ₹21,028.15 crore.

Operating profit declined 11.45% YoY and 15.70% QoQ to ₹27,704 crore.

For the entire financial year 2026, SBI's profit rose by nearly 13% YoY to ₹80,032.01 crore from ₹70,900.63 crore in FY25.

SBI's net interest income (NII) rose by 4.13% YoY but declined by 1.35% QoQ to ₹44,380 crore.

On the other hand, domestic NIM (net interest margin) decreased by 21 basis points YoY and 18 basis points QoQ to 2.93%.

Gross advances saw a decent 16.87% YoY and 5.32% QoQ growth, standing at ₹49,32,627 crore. Domestic corporate advances rose by 14.83% YoY and 6.83% QoQ to ₹14,24,589 crore. Home loans grew by 13.66 % YoY and 3.88% QoQ to ₹9,44,210 crore.

Overall deposits saw a growth of 11.03% YoY and 4.81% QoQ to ₹59,75,642 crore.

Domestic CASA increased by 9.53% YoY and 5.71% QoQ to 22,62,011 crore. CASA ratio, however, declined by 51 bps YoY but rose by 33 bps QoQ to 39.46%.

The bank's gross NPA declined by 4.46% YoY and 0.25% QoQ to ₹73,452 crore. Thus, gross NPA ratio improved by 33 bps YoY to 1.49%.

Net NPA also declined by 4.25% YoY but increased by 4.54% QoQ to ₹18,830 crore. Net NPA ratio improved by 8 bps YoY to 0.39%.

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Punjab National Bank(PNB) Q4 Net profit rises 14% YoY

Punjab National Bank(PNB)’s Q4FY26 net profit rose 14.4 percent year-on-year to Rs 5,225 crore, even as its core interest income moderated during the period. The PSU lender’s net interest income (NII) declined 3.5 percent YoY to Rs 10,380 crore from Rs 10,757 crore in the year-ago quarter.

The country's third biggest PSU lender posted a domestic net interest margin of 2.61 percent for Q4 FY26, as compared to 2.96 percent in the previous fiscal year, narrowing by nearly 30 basis points.

PNB's asset quality improved sequentially. Gross non-performing assets (GNPA) ratio eased to 2.95 percent in Q4 from 3.19 percent in the previous quarter, while net NPA (NNPA) ratio narrowed to 0.29 percent from 0.32 percent QoQ.

Provisions declined sharply on a sequential basis. The bank reported provisions of Rs 424 crore in the January-March quarter, down from Rs 1,150 crore in the October-December quarter, though slightly higher than Rs 360 crore in the year-ago period.

PNB's total term deposit witnessed a growth of 10.9 percent on YoY basis to Rs 11.01 lakh crore as on 31st March’26, while total retail credit increased by 8.3 percent YoY to Rs 2.81 lakh crore, as of the end of the March quarter.

Moreover, the lender's return on assets (RoA) improved by 4 bps to 1.06 percent in Q4 FY26 from 1.02 percent in Q4 FY’25. Additionally, the bank's tier-1 capital adequacy ratio improved to 13.62 percent in the March quarter from 12.33 percent in the previous corresponding quarter.

PNB’s board also recommended a dividend of Rs 3 per share (face value Rs 2 each) for FY26.

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Tentative date of results of PSU and Private Banks for Q4FY26

  

Bank	Result Date
Bank of Baroda (BOB)	6th May
Bank of India(BOI)	8th May
Bank of Maharashtra(BOM)	20th April
Canara Bank	8th May
Central Bank of India	30th April
Indian Bank	29th April
Indian Overseas Bank(IOB)	29th April
Punjab & Sind Bank	27th April
Punjab National Bank(PNB)	8th May (T)
State Bank of India(SBI)	14th May (T)
UCO Bank	25th April
Union Bank of India	23rd April
Axis Bank	25th April
HDFC Bank	18th April
ICICI Bank	18th April
Kotak Mahindra Bank	2nd May
Indusind Bank	20th April
IDBI Bank	30th April
IDFC First Bank	25th April
Yes Bank	18th April

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Allahabad highcourt fines Rs.50000 to bank for freezing customer account

 

If a customer's account credit exceeds their claimed income, Channel Banks will freeze their account. Consumers are becoming irate, and the Allahabad High Court heard one such case.

The Allahabad High Court's Lucknow Bench has expressed concern about banks blocking client accounts without good cause. According to the Court, a bank shouldn't act like an investigative body since it functions as a trustee.

Indian Overseas Bank was fined ₹50,000 by a Division Bench consisting of Justices Shekhar B. Saraf and Awadhesh Kumar Chaudhary. A customer's account was locked by the bank without good reason. The bank was mandated by the court to reimburse the account holder for this sum within four weeks.

The lawsuit concerns M/s S.A. Enterprises, a business that sells fish farming equipment. A petition was filed by the business against the bank. According to the suit, on January 16, 2026, RTGS credited ₹23 lakh to the company's account. 

This transaction was viewed as suspicious by the bank, which froze the account. The bank said that the company had only reported an annual income of ₹5.76 lakh at the time the account was opened. The bank blocked the account as a result, invoking the Prevention of Money Laundering Act. The High Court pointed out that no cybercrime report was the reason the account was frozen.

The bank behaved as an investigative agency and took independent action. The Court made it quite plain that banks are not allowed to determine the source of cash on their own. An order from the Central Bureau of Investigation, the Police, or the Enforcement Directorate is required in order to freeze an account.

Additionally, the Court stated that the practice of freezing accounts without a valid justification is concerning. Such acts have the potential to halt corporate operations and harm account holders' reputations.

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DA hike for Bank Employees from May -2026

 

The Government of India has increased Dearness Allowance (DA) for Bank Employees from May 2026 to July 2026.

Index for Months	Index as per 2016 series
Jan 26	148.60
Feb 26	148.50
Mar 26	149.10
Average	148.73
New DA Rate (over 123.03)	25.70%
DA Rate for Previous Quarter	25.00%
Increase	0.70%

Accordingly, Dearness Allowance is payable to Officers is 25.70% slabs with effect from 01.05.2026. A few days ago, the Government of India had increased DA for Central government employees by 2%. Dearness Allowance (DA) of central government employees has been hiked by 2 per cent, taking the total DA from 58 per cent to 60 per cent of basic pay.

Complete Chart:

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IDBI Bank Q4 Net profit falls 5.3%

IDBI Bank reported a standalone net profit of ₹1,943.2 crore in the fourth quarter of FY26, registering a fall of 5.3% from ₹2,051.2 crore in the year-ago period.

Net interest income (NII), the difference between interest earned and interest paid, in Q4FY26 increased 17% to ₹3,851.5 crore from ₹3,290 crore, year-on-year (YoY). Net interest margin (NIM) grew by 15 basis points (bps) YoY to 4.15%.

The lender’s pre-provisions operating profit (PPOP) during the quarter under review dropped 4.73% to ₹3,043.38 crore from ₹3,194.81 crore, YoY.

Gross non-performing assets (NPA) in the March quarter decreased 4.02% to ₹6,028.12 crore from ₹6,280.94 crore in the previous quarter. Net NPA declined 10.67% to ₹379.90 crore from ₹425.28 crore.

Gross NPA (as a percent of gross advances) in Q4FY26 dropped by 25 bps to 2.32% from 2.57%, quarter-on-quarter (QoQ), while net NPA ratio fell by 3 bps to 0.15% from 0.18%, QoQ.

Total deposits of IDBI Bank increased by 12% YoY to ₹3,47,163 crore as on March 31, 2026 as against ₹3,10,212 crore as on March 31, 2025. CASA increased by 7% YoY to ₹1,54,816 crore from ₹1,44,398 crore, YoY. CASA ratio stood at 44.59% as against 46.55%, YoY.

IDBI Bank’s net advances grew by 16% YoY to ₹2,53,626 crore as on March 31, 2026 from ₹2,18,399 as on March 31, 2025. The composition of corporate versus retail in gross advances portfolio stood at 30:70 as on March 31, 2026.

CRAR improved to 26.65% as on March 31, 2026 as against 25.05%m, YoY. Tier 1 Capital improved to 25.56% as on March 31, 2026 as against 23.51% as on March 31, 2025.

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Indian Overseas Bank(IOB) Q4 results: Profit rises 43%

State-owned Indian Overseas Bank(IOB) reported a 43.2 per cent increase in net profit year-on-year to ₹1,505 crore for the fourth quarter of FY26, compared with ₹1,051 crore in the year-ago period, aided by a rise in net interest income (NII) coupled with a fall in provisions.

 

Net interest income (NII) for the quarter stood at ₹3,470 crore, up 11.1 per cent year-on-year and 5.2 per cent sequentially.

 

Provisions and contingencies declined 5.4 per cent year-on-year to ₹1,006 crore from ₹1,063 crore in Q4 FY25.

 

Operating profit before provisions and contingencies increased 1.8 per cent year-on-year to ₹2,665 crore.

Other income declined 18.4 per cent year-on-year to ₹1,291 crore and fell 13.9 per cent sequentially.

 

“During the fourth quarter, we incurred a treasury loss of about ₹555 crore, largely on account of mark-to-market and revaluation impacts. For the full financial year, treasury losses stood at around ₹380 crore,” said Ajay Kumar Srivastava, managing director and chief executive officer (CEO) of Indian Overseas Bank.

 

Net interest margin (NIM) moderated during the quarter, with domestic NIM declining to 3.35 per cent from 3.77 per cent a year ago (down 42 basis points) and global NIM easing to 3.25 per cent from 3.58 per cent (down 33 basis points). On a sequential basis, both domestic and global NIMs declined by 7 basis points.

On the asset quality front, gross non-performing assets (GNPA) declined 17.5 per cent year-on-year to ₹4,410 crore, while net NPAs fell 30.1 per cent to ₹638 crore. In percentage terms, the GNPA ratio improved to 1.42 per cent from 2.14 per cent a year ago, while the net NPA ratio eased to 0.21 per cent from 0.37 per cent.

 

On the business front, total advances grew 24.2 per cent year-on-year to ₹3.10 trillion, driven by 34.9 per cent growth in retail, agriculture, and MSME (RAM) loans.

 

Deposits rose 18 per cent year-on-year to ₹3.68 trillion, of which current account and savings account deposit growth was 10.85 per cent.

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Indian Bank Q4 profit grows 5% YoY

Indian Bank reported a standalone net profit of Rs 3,103 crore for the March-ended quarter, up 5% from Rs 2,956 crore a year ago. Net interest income (NII) rose 11% to Rs 7,110 crore in Q4FY26, compared with Rs 6,389.34 crore in the corresponding quarter of the previous financial year.

The PSU lender earned an interest income of Rs 17,480 crore in Q4FY26 compared to Rs 15,856 crore in the year ago period, recording a 10% jump. It paid Rs 10,371 crore towards interest payments, reporting a 10% growth from Rs 9,467 crore in Q4FY25.

The lender's board recommended a dividend of Rs 18.25 per equity share for the financial year 2025-26.

Indian Bank's profit after tax (PAT) grew 1.4% on a sequential basis from Rs 3,061 crore in the October-December quarter of FY26.

Indian Bank's provisions & Contingencies in the reported quarter stood at Rs 1,226 crore, rising both sequentially from Rs 857 crore in Q3FY26 and year-over-year from Rs 795 crore in Q4FY25.

The gross NPAs fell to 1.98% in Q4FY26 from 2.23% in Q3FY26 and 3.09% in Q4FY25 while net NPAs stood at 0.15% in the same period, down from 0.19% in Q4FY25 and flat on a quarter-on-quarter basis.

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Union Bank of India Apprentice Recruitment 2026 : Notification Out for 1865 Posts

Union Bank of India has invited online applications from the eligible candidates for the 1865 Apprentice posts across the country. The candidates who possess a bachelor's degree in any stream from a recognised Indian Institute/ College/ University can apply for these posts. The application process commenced from 29 April onwards and the last date to apply is 19 May 2026. The exam will be conducted in online mode in the month of May/June as per the notification.

Particulars	Details
Recruiting Authority	Union Bank of India
Post Name	Apprentice
No. of Vacancies	1865
Exam Mode	Online
Job Location	Across India
Official Website	unionbankofindia.bank.in

Union Bank of India Apprentice Notification 2026

The candidates planning to apply for the Apprentice posts in Union Bank must go through the detailed notification before applying. The notification contains information such as the eligibility criteria, application process, application fee, examination scheme, and other related details. Download the Union Bank of India Apprentice notification 2026 through the direct link provided here.

Union Bank of India Apprentice Notification 2026

Download Here

How to Apply

Candidates can apply for the Union Bank Apprentice recruitment 2026 by following the steps given below:

• Go to the official website, unionbankofindia.bank.in. 

• Go to the bottom of the homepage and click on Career/Recruitment.

• Now click on the hyperlink Click here to apply online for “Engagement of 1865 Apprentices”.

• You will be redirected to the BFSI Employment Exchange Portal.

• You have to create a Beep account in order to apply.

• Enter the following details:

• Applicant Full Name

• Email ID

• Mobile Number

• Password

• Now click on the Submit button.

• Fill the application form carefully and upload the required documents in the prescribed format.

Union Bank of India Apprentice Recruitment 2026 Apply Link

The candidates who wish to apply for the apprentice posts can use the direct link provided here to fill the application form.

Direct Link to Apply for Union Bank Apprentice Recruitment 2026

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UCO Bank Q4 Profit jumps 23%

For the fourth quarter that concluded on March 31, public sector lender UCO Bank reported a 23% increase in net profit to ₹801 crore on Saturday.

During the January–March quarter of FY25, the lender with its headquarters in Kolkata made a net profit of ₹653 crore.

However, according to a regulatory filing from UCO Bank, the income for the March quarter fell to ₹7,365 crore from ₹8,137 crore during the same period of the previous fiscal year.

During the reviewed period, interest income was ₹6,656 crore, compared to ₹6,142 crore in the same quarter last year.

From the net profits for the year ending March 31, 2026, the bank's board has recommended a dividend of ₹0.44 per share of ₹10 face value.

Besides, the board approved equity capital raising plan by way of issue of 270 crore equity shares of face value of ₹10 aggregating to ₹2,700 crore (at face value) through various modes viz, QIP, FPO, etc. in one or more tranches at an appropriate time and premium during the 2026-27 subject to approval of the shareholders at the ensuing Annual General Meeting, it said.

In addition, it said, the board cleared proposal for raising of capital upto ₹5000 crore through issuance of BASEL III Additional Tier I Bonds/Tier II Bonds/Long term Infra bonds, in one or more tranches, during the 2026-27.

On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) were reduced to 2.17 per cent of gross advances as of March 31, 2026, from 2.69 per cent by the end of March 2025.

Net NPAs also came down to 0.27 per cent of the advances from 0.5 per cent at the end of 2025.Provision Coverage Ratio improved to 97.79 per cent as on March 31, 2026.

Capital adequacy ratio of the bank increased to 18.61 per cent from 18.49 per cent in the same quarter of FY'25.

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