This PSU Bank Becomes First Public Sector Bank to Receive ISO 31000:2018 Certification

Indian Overseas Bank (IOB) has achieved a major milestone by becoming the first Public Sector Bank in India to be certified with ISO 31000:2018 – Risk Management Guidelines.

ISO 31000:2018 is an international standard that provides guidelines for effective risk management. It is issued by the International Organization for Standardization (ISO) and helps organizations identify, assess, and control risks in a structured way.

The standard offers a framework and set of principles to improve decision-making, strengthen internal controls, and reduce potential losses.

In the banking sector, following ISO 31000:2018 means the bank has strong systems to manage financial, operational, and compliance risks. It reflects the organization’s commitment to global best practices, transparency, and long-term stability.

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Court Case filed against PSU Bank Zonal Manager Mumbai for arbitrary transfer of officers

The Mumbai-based All India Bank of Baroda Officers' Union has voiced its opposition to the capricious staff transfers. According to sources, the Mumbai Zonal Manager moved a number of employees from one area to another in the middle of the school year, citing "administrative exigencies." Due to their sudden relocation from one area to another in the middle of the academic year, this has caused a number of problems for the officers. After being relocated, an officer must look for a rental property, a school to send their child to, and a reputable physician (if they have any health concerns).

The union raised its voice against this, but the Zonal Manager, Mumbai, stated that all transfers are within the city and therefore do not require prior approval from CGM (HR). However, Clause 7.1(a) of the Transfer Policy clearly stipulates that the criteria for transfers shall be “longest stay.” Contrary to this mandate, officers with the shortest stay have been transferred by bypassing several officers with the longest stay, thereby amounting to deliberate insubordination of Board-approved policy.

Moreover, the Vice President of the union questioned the Mumbai Zonal HR, in the presence of ALC (C), Mumbai, regarding the practice of referring medical cases to empanelled doctors instead of subjecting them to a legally constituted Medical Board. Immediately thereafter, he was transferred from MMSR to MWR. In an apparent attempt to generalise and camouflage the vindictive nature of this transfer, several other officers were also transferred.

The union took up the matter with several authorities but failed to receive any response from GM (HR) and CGM (HR). Finally, a case has been filed against the Zonal Manager, Mumbai, before the Hon’ble High Court. Despite this, the ZM, Mumbai, proceeded with further inter-regional transfers.

In another instance, an officer in MMSR who had been deputed to the Service Branch for more than five months on oral instructions questioned the management and requested written orders. On 5th February, he was issued a confirmation order with retrospective effect, and on the very next day, i.e., 6th February, he was transferred to Navi Mumbai. In several such cases, the transferred officers are eligible for IZT during the current year, and dislocating them at this stage causes avoidable disturbance and hardship.

It is unfortunate that though these violations are occurring in Mumbai, and despite bringing them to the notice of GM (HR) and CGM (HR), no action has been initiated against the erring officials who are deliberately defying your circular instructions.

The matter requires urgent attention from the top management. Transfers carried out in deviation of the approved policy not only cause personal hardship to officers but also create unrest within the organisation. The concerns raised by the union regarding arbitrary transfers, violation of the “longest stay” principle, and alleged vindictive actions must be examined fairly and transparently.

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Financial Results of Banks for Q3FY26

 

The public sector and private sector banks have released the financial results for Q3FY26. 

Public Sector Bank

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

Private Banks

Bank	Results
IDBI Bank	Click Here
Kotak Mahindra Bank	Click Here
IDFC First Bank	Click Here
HDFC Bank	Click Here
ICICI Bank	Click Here
Indusind Bank	Click Here
Axis Bank	Click Here

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State Bank of India (SBI) Q3 net profit jumps 24%

State Bank of India (SBI) reported a 24% year-on-year record (all-time high) standalone net profit of Rs 21,028 crore for the December quarter of FY26, reflecting steady growth in core income and recovery trends.

On a consolidated basis, the state-owned lender posted a 13.06 per cent rise in profit to Rs 21,317 crore during the quarter, according to a regulatory filing, PTI reported.

The bank’s standalone net interest income (NII) rose 9.04 per cent year-on-year to Rs 45,190 crore from Rs 41,446 crore in the corresponding period last year. The growth was supported by 15.14 per cent loan expansion, even as domestic net interest margin saw a marginal compression of 0.03 per cent to 3.12 per cent.

Non-interest income increased 15.65 per cent to Rs 8,404 crore during the quarter. Meanwhile, total expenses rose to Rs 1,08,052 crore compared with Rs 1,04,917 crore in Q3 FY25. The bank’s net interest margin (NIM) stood at 2.99% in Q3FY26, while domestic NIM was 3.12%. For the nine months ended December 2025, domestic NIM was recorded at 3.08%.

Deposit growth stood at 9.02 per cent during the October–December period.Fresh slippages were reported at Rs 4,458 crore, higher than Rs 3,823 crore in the year-ago period.

On asset quality, the gross non-performing assets (GNPA) ratio improved to 1.57 per cent as of December 31, 2025, compared with 1.73 per cent at the end of September. Total provisions rose to Rs 4,507 crore against Rs 911 crore in the year-ago period.

Provision coverage ratio (PCR), including AUCA, stood at 92.37%, while PCR excluding AUCA was 75.54%. The slippage ratio remained contained at 0.40%, and credit cost stood at 0.29%, as per ET report. On the balance sheet front, SBI’s total business crossed Rs 103 lakh crore. Deposits exceeded Rs 57 lakh crore, while advances crossed Rs 46 lakh crore.

The bank’s overall capital adequacy ratio stood at 14.04 per cent as of December 31, 2025, with core capital buffer at 10.99 per cent.

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Bank of Baroda Q3 Results: Profit rises

State-run lender Bank of Baroda posted a stable set of numbers for the December quarter, marked by modest profit growth, resilient asset quality metrics and loan book expansion that came in above management guidance.

Net profit rose 4.5% year-on-year to Rs.5,054 crore, compared with Rs.4,837 crore in the same quarter last year. Net interest income remained largely flat at Rs.11,800 crore, up marginally from Rs.11,786 crore a year ago.

Asset quality continued to improve, with gross non-performing assets easing to 2.04% from 2.16% sequentially. Net NPA stood unchanged at 0.57% quarter-on-quarter.

Collection efficiency, excluding agriculture, remained strong at 98.63% as of December 2025. Provision coverage ratio under NCLT accounts was reported at a healthy 99.66%.Segment-wise asset quality remained comfortable, with gross NPA ratios at 1.19% for housing loans (ex-pool), 1.75% for auto loans (ex-pool), 4.42% for personal loans and 0.56% for retail gold loans.

The bank’s loan book grew 14.6% year-on-year to Rs.13.43 lakh crore, exceeding management’s guidance of 11–13% growth. Sequentially, advances rose 5.1%. Domestic advances increased 13.54% year-on-year to ₹10.95 lakh crore. Deposits also grew 10.3% year-on-year to Rs.15.46 lakh crore during the quarter.

Bank of Baroda continued to exceed regulatory norms under priority sector lending, with total priority sector advances at 40.45% of adjusted net bank credit. Agriculture, small and marginal farmers, weaker sections and micro enterprises lending all stood above mandated thresholds.

The bank’s card business also showed steady traction. Active BOB Cards increased to 30.68 lakh as of December 31, 2025, while card spends for the first nine months of FY26 rose 17.3% year-on-year to Rs.31,101 crore.

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Canara Bank Q3 results: Net profit up 25.6%

Canara Bank reported a 25.6 per cent year-on-year (Y-o-Y) rise in its net profit to Rs.5,155 crore for the third quarter of the current financial year (Q3 FY26) on the back of a rise in its non-interest income.

 

The state-owned lender’s non-interest income rose 36.16 per cent Y-o-Y to Rs7,900 crore in Q3 FY26. Canara Bank shares slipped 4.75 per cent to Rs.150.30 per share on Thursday as net interest income growth was flat.

 

Net interest income (NII) — the difference between interest earned and interest expended — went up 1.13 per cent to Rs.9,252 crore. Net interest margin for Q3 fell to 2.45 per cent as compared to 2.71 per cent in the year-ago period.

“The pressure on the NIM continues. To curb the pressure, the bank is focusing on RAM and low-yielding corporate advances. The bank is following a shift from retail to corporates and to RAM to improve margins,” said SK Majumdar, executive director, Canara Bank, during the post-earnings call with the media.

 

Canara Bank reported a 13.6 per cent growth in its global advances to Rs.11.92 trillion, while global deposits were up 12.95 per cent year-on-year to Rs.15.21 trillion.The bank said both loan growth and deposit growth were higher than the guided range provided earlier.

In total advances, RAM (retail, agri and MSME) advances rose 18.7 per cent and advances to corporates rose almost 7 per cent. The bank expects credit growth of 13.5 per cent and deposit growth of 12.95 per cent for the current financial year.

 

The public sector lender reported 9.32 per cent year-on-year growth in current account and savings account (CASA), while it fell 3.7 per cent sequentially. The bank’s credit-to-deposit ratio for the quarter was at 78.38 per cent.

 

Asset quality for the lender saw improvement from the previous quarter. Gross non-performing assets stood at 2.08 per cent from 2.35 per cent in September, and 3.34 per cent a year ago.

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Nationwide bank strike on January 27 hits operations across India

Approximately 8 lakh bank employees and officers nationwide participated in the nationwide bank strike organized by the United Forum of Bank Unions (UFBU) on January 27, 2026, according to a news release from the bank unions. 

The strike was seen in public sector banks, private sector banks, foreign banks, regional rural banks, and cooperative banks, according to the UFBU, an umbrella organization of nine unions that represent bank officials and employees. 

The forum described the strike as a "total success," stating that it had a significant negative impact on regular banking operations across the country.The strike was called to press for the long-pending demand for a five-day work week in the banking industry, including declaring all Saturdays as bank holidays. At present, only the second and fourth Saturdays of every month are bank holidays.

"The government has refused to approve the implementation of the five-day banking week despite repeated assurances and formal agreements, so we were forced to go on strike," UFBU stated in a statement. The unions cited a memorandum of agreement signed with UFBU on December 7, 2023, and the subsequent settlement and joint note dated March 8, 2024, as the basis for the Indian Banks' Association's (IBA) recommendation of a five-day workweek. In order to make up for Saturdays being designated as holidays, everyday working hours from Monday through Friday were to be extended by forty minutes.

According to UFBU, the demand for a five-day work week has been pending since 2015, when the IBA and the government agreed to declare the second and fourth Saturdays as holidays, with an assurance that the remaining Saturdays would be reviewed later. However, the matter has remained unresolved despite further discussions in 2022 and a formal recommendation made in 2023.

The forum also noted that similar work-week patterns are already in place in institutions such as the Reserve Bank of India, Life Insurance Corporation of India, and General Insurance Corporation, besides central and state government offices. Stock exchanges and money markets also function only from Monday to Friday.

 

Conciliation meetings were held by the Chief Labour Commissioner on January 22 and 23, 2026, in New Delhi, with officials from the finance ministry participating. However, UFBU said the meetings did not yield any positive outcome, prompting the unions to go ahead with the strike.

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Indian Bank Q3 net profit rises 7%

The state-owned lender Indian Bank posted a net profit of Rs.3,061.48 crore for the third quarter of FY26 on Thursday, up 7.3% from Rs.2,852.36 crore during the same period last year.

In Q3FY26, the PSU bank's Net Interest Income (NII) climbed 7.5% year over year (YoY) to Rs.6,895 crore from Rs.6,414 crore.

Pre-Provisions Operating Profit (PPOP) during the December quarter rose 5.77% to Rs.5,023.58 crore from Rs.4,749.42 crore, YoY.

Provisions and contingencies of Indian Bank in Q3 declined to Rs.857.02 crore from Rs.738.60 QoQ, and from Rs.1,059.13, YoY. Provision Coverage Ratio improved by 19 bps YoY to 98.28% in December 2025 from 98.09%, YoY.

Asset quality of Indian Bank improved sequentially in the quarter ended December 2025. Gross Non-Performing Assets (NPA) ratio in Q3FY26 declined to year 2025 from 0.79% in September 2025, and from 0.78% in December 2024.

Capita Adequacy Ratio of the PSU lender improved by 66 bps to 16.58%. CET-I improved by 127 bps YoY to 14.54%, Tier I Capital improved by 77 bps YoY to 14.54% in December 2025.

Gross Advances increased by 14.24% YoY to Rs.6,38,848 crore in December 2025 from ₹5,59,199 crore in December 2024.

Total deposits of the bank increased by 12.62% YoY and reached Rs.7,90,923 crore in December 2025 as against Rs.7,02,282 crore, YoY. Current, Savings and CASA deposits grew by 19.13%, 8.45%, and 9.86%, YoY respectively. Domestic CASA ratio stood at 39.08% as on 31 December 2025. CD ratio stood at 80.77%.

Indian Bank has 5,965 domestic branches, out of which 2,001 are Rural, 1,592 are Semi-Urban, 1,191 are Urban and 1,181 are in Metro category. The PSU bank has 3 overseas branches and 1 IBU (Gift City Branch). The bank has 5,624 ATMs and BNAs and 16,247 number of Business Correspondents (BCs).

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Bank of India(BOI) Q3 Net profit up 8%

State-run Bank of India on Wednesday (January 21) reported a 7.5% year-on-year increase in net profit for the third quarter, with profit rising to ₹2,705 crore compared with ₹2,516.7 crore in the corresponding quarter last year.

Net interest income for the quarter grew 6.5% year-on-year to ₹6,462.6 crore, up from ₹6,070.3 crore in the same period a year ago. Gross non-performing assets declined to 2.26% from 2.54% in the previous quarter, while net non-performing assets eased to 0.60% from 0.65% sequentially.

Bank of India’s global advances grew 13.63% year-on-year, with domestic advances rising 15.16% YoY. The bank’s total global business crossed the ₹16 lakh crore milestone. Overseas advances increased 5.70% YoY.

On the domestic front, retail advances grew 20.64% YoY, agriculture advances rose 16.69% YoY, MSME advances increased 15.77% YoY, and corporate advances grew 11.32% YoY. The proportion of retail, agriculture, and MSME (RAM) advances in total advances increased to 58.54%.

Deposits for the bank grew 11.64% YoY, with domestic deposits up 12.80% YoY. CASA deposits rose 4.48% YoY, resulting in a CASA ratio of 37.97% as of 31st December 2025.

On the profitability front, operating profit for 9M-FY26 rose 4% YoY to ₹12,023 crore, while Q3FY26 operating profit increased 13% YoY to ₹4,193 crore. Net profit for 9M-FY26 was ₹7,511 crore, up 14% YoY.

Net interest income (NII) for 9M-FY26 stood at ₹18,442 crore. Non-interest income grew 20% YoY for 9M-FY26 to ₹6,665 crore, and 30% YoY for Q3FY26 to ₹2,279 crore. Net interest margin (NIM) for 9M-FY26 was 2.51% globally and 2.76% domestically, while Q3FY26 NIM improved to 2.57% globally and 2.80% domestically. Return on assets (ROA) and return on equity (ROE) for 9M-FY26 were 0.90% and 14.49%, respectively, rising to 0.96% and 15.34% in Q3FY26.

Asset quality improved, with gross NPA ratio at 2.26%, down 143 basis points YoY, and net NPA at 0.60%, improved by 25 bps YoY. The provision coverage ratio (PCR) increased 112 bps YoY to 93.60%.

Slippage ratio for 9M-FY26 improved 36 bps YoY to 0.64%, while Q3FY26 slippage ratio was 0.16%, up 3 bps YoY. Credit cost for 9M-FY26 improved 30 bps YoY to 0.42%, and for Q3FY26 improved 5 bps YoY to 0.34%. On the capital front, Bank of India’s capital adequacy ratio stood at 17.09% as of December 31, 2025.

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Punjab National Bank(PNB) Q3 Profit rises 13% YoY

State-owned lender Punjab National Bank (PNB) on January 19 reported a 13.13 percent rise in its profit after tax (PAT) to Rs 5,100.15 crore in the third quarter of the current financial year, from Rs 4,508.21 crore in the year-ago period. On a sequential basis, net profit rose 4 percent.

Gross non-performing asset (NPA) ratio of the bank improved to 3.19 percent as on December 31, 2025, from 3.45 percent as on September 30, 2025, and 4.09 percent as on December 31, 2025. Net NPA ratio improved to 0.32 percent in Q3FY26, from 0.36 percent in Q2FY26, and 0.41 percent in Q3FY25.

In absolute terms, gross NPA of the bank stood at Rs 39,314.21 crore in Q3FY26, as compared to Rs 40,343.33 crore in Q2FY26, and Rs 45,413.98 crore in Q3FY25. Net NPA of the bank improved to Rs 3,833.70 crore in Q3FY26, from Rs 4,025.75 crore in Q2FY26, and Rs 4,437.43 crore in Q3FY25.

Provision Coverage Ratio improved by 22 bps on year-on-year basis to 96.99 percent as on December 31, 2025 from 96.77 percent as on December, 31, 2024

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UCO Bank Q3 net profit rises 15.8%

UCO Bank announced the financial results for the quarter ended on December 31, 2025 on Saturday, January 17. The lender reported a 15.76% year-on-year increase in net profit for the December quarter to ₹739.51 crore, compared to ₹638.83 crore in the corresponding period a year ago.

The lender’s total income for the December quarter rose to ₹7,521.16 crore, up from ₹7,405.89 crore in the year-ago period, while interest earned rose to ₹6,651.84 crore as against ₹6,219.96 crore, according to the exchange filing.

UCO Bank, headquartered in Kolkata, reported an operating profit increase of 5.96% to ₹1,680.24 crore in October-December, up from ₹1,585.69 crore in the same period last year.

Meanwhile, provisions and contingencies dropped to ₹525.12 crore in the quarter ending December, down from ₹589.51 crore, it stated.

UCO Bank showed progress in asset quality, with gross non-performing assets (NPA) decreasing to 2.41% as of December 31, down from 2.91% last year. The gross NPAs amounted to ₹5,867.25 crore, compared to ₹6,081.55 crore during the same period last year.

Net NPAs also improved, dropping to 0.36% at ₹852.55 crore from 0.63% at ₹1,283.13 crore.

The lender's capital adequacy ratio was 17.43 per cent as of December 31, improving from 16.25 per cent reported in the corresponding period of the previous year.

As of December 31, 2025, UCO Bank had a total of 3,327 domestic branches, along with 2 overseas branches in Hong Kong and Singapore, and one Representative Office in Iran. Approximately 61.25% of domestic branches are located in rural and semi-urban areas.

UCO Bank's operating profit rose by 11.92% to ₹4,856 crore as on December 31 2025, on a Y-o-Y basis, as against ₹4,339 Crore for the same period the previous year. The lender's net profit rose by 9.70% to ₹1967 crore for the period under review, on a Y-o-Y basis, against ₹1793 crore for the nine months ended December 31, 2024.

Net interest income (NII) grew by 9.38% on a year-over-year (Y-o-Y) basis to ₹7,582 crore for the nine months ended on December 31, 2024, as against ₹6,932 crore for the corresponding period previous year.

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Central Bank of India Q3 net rises 32% to ₹1,263 crore

Central Bank of India for the third quarter ended 31 December 2025 reported 32% growth in net profit at Rs.1,263 crore as compared with Rs.959 crore in the year ago period. Net Interest Income (NII) for the quarter declined 1.07% to Rs.3,502 crore.

Total business grew by 15.77% to Rs.7,74,106 crore from Rs.6,68,686 crore. Net Interest Margin stood at 2.96%.

The bank’s Gross NPA stood at 2.70%, from 3.86%, registering an improvement of 116 bps. Net NPA stood at 0.45%, from 0.59%, registering an improvement of 14 bps. Provision Coverage Ratio (PCR) improved to 96.69%, from 96.54%, an improvement of 15 bps, the bank said in a filing.

Total business of the bank, stood at Rs.7,74,106 crore as on December 31, 2025, as against Rs.6,68,686 crore a year ago, up 15.77% YoY. 

Total deposit grew 13.24% YoY to Rs.4,50,575 crore as on December 31, 2025. Gross advances increased 19.48% on YoY to  Rs.3,23,531 crore as on December 31, 2025. 

“RAM (Retail, Agriculture & MSME) business grew by 17.89 %. The individual sector wise growth stood at 20.93 % (Rs.96,652 crore), 15.41% (Rs.59,176 core) & 15.90% (Rs.67,338 crore), respectively,” it said. 

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Indian Overseas Bank(IOB) Q3 Net profit jumps 56% YoY

Indian Overseas Bank (IOB) reported its financial results for the quarter ending on December 31, 2025, on Wednesday, January 14. The IOB share price was trading nearly 2% up to ₹36.02 apiece after the company released third quarter results.

The bank posted a 56% year-on-year (YoY) rise in its net profit to ₹1,365 crore in the December quarter FY26, from ₹873.6 crore in the same quarter previous year.

Operating performance also rose 14.87% YoY to ₹2,603 crore in Q3FY26 from ₹2,266 crore in Q3FY25. On a cumulative basis, operating profit for the nine months reached ₹7,361 crore, reflecting a healthy increase of 21.27%.

IOB's Net Interest Income (NII) recorded solid growth, increasing 18.29% YoY to ₹3,299 crore in Q3FY26, compared with ₹2,789 crore in the year-ago quarter. For the nine-month period, NII stood at ₹9,104 crore, up 17.20% year-on-year, supported by improved margins and balance sheet growth.

Domestic net interest margin (NIM) rose to 3.42% in Q3FY26 from 3.35% in Q2FY26, while return on assets (ROA) improved to 1.28% from 0.93% in Q3FY25. The cost-to-income ratio stood at 45.74% in Q3FY26, reflecting disciplined cost management.

Asset quality improved during the period, with the gross NPA ratio declining by 101 basis points YoY to 1.54%. The net NPA ratio also strengthened, falling by 18 basis points YoY to 0.24%.

The Bank’s total business rose by ₹1.01 lakh crore to ₹6.44 lakh crore as of December 2025, reflecting a strong year-on-year growth of 18.71%.

During the same period, CASA deposits recorded a healthy 7.8% YoY increase, reaching ₹1.43 lakh crore by December 2025.

Strengthening its pan-India footprint, the Bank added 116 new branches over the past year, between December 2024 and December 2025, taking its total branch network from 3,322 to 3,438 as of December 2025.

Of these 3,438 domestic branches, a significant 2,000—around 58%—are located in rural and semi-urban areas, underscoring the Bank’s focus on expanding access and deepening its reach beyond urban centres.

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Union Bank of India Q3 Net profit rises 9%

State-owned Union Bank of India on Wednesday (January 14) reported a 9% year-on-year (YoY) surge in net profit at ₹5,017 crore for the third quarter that ended December 31, 2025. In the corresponding quarter of the previous fiscal, Union Bank of India posted a net profit of ₹4,604 crore, the bank said in a regulatory filing.

Net interest income (NII), representing the gap between the interest a bank generates from loans and the interest it compensates depositors, rose by 1%, reaching ₹9,328 crore compared to ₹9,241 crore in the same quarter of FY25.

In an exchange filing, the bank reported that the Gross NPA decreased by 79 basis points year-on-year to 3.06%, while the Net NPA fell by 31 basis points year-on-year to 0.51% as of December 31, 2025.

The total business of the bank saw a growth of 5.04% compared to the same period last year, as of December 31, 2025. Gross advances experienced a year-on-year increase of 7.13%, while total deposits grew by 3.36% on a year-on-year basis.

As of December 31, 2025, the total business of Union Bank of India reached ₹22,39,740 crore. The bank's global deposits rose by 3.36% year-on-year, amounting to ₹12,22,856 crore.

The bank also announced strong capital adequacy metrics. As of December 2025, the capital-to-risk-weighted assets ratio was 16.49%. Meanwhile, the CET-1 ratio rose to 13.94%, up from 13.59% the previous year.

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Bank of Maharashtra Q3 Profit rises 27% YoY

Government-owned Bank of Maharashtra on Tuesday, January 13, reported a 26.50% year-on-year (YoY) rise in its consolidated profit to Rs.1,779.58 crore for the December quarter of the current financial year (Q3FY26). In the same quarter last year, the lender's profit was Rs.1,406.73 crore.

The bank's total income for the quarter rose 16.4% YoY to Rs.8,277.22 crore from Rs.7,112.66 crore in Q3FY25.Operating profit, or the profit before provisions and contingencies, rose nearly 19% YoY to Rs.2,735.90 crore from Rs.2,303.39 crore in Q3FY25.

Net profit margin improved to 21.68% from 19.83% YoY, while operating margin climbed to 33.21% from 32.43% YoY in Q3FY26.

The bank's net interest income (NII) grew by 16.27% YoY to Rs.3,422 crore during the December quarter against Rs.2,943 crore for the same quarter of the previous financial year. Net interest margin (NIM) slipped to 3.86% in Q3FY26 from 3.98% YoY.

Total deposits increased by 15.29% YoY to Rs.3,21,661 crore, while global gross advances increased by 19.62% YoY to Rs.2,73,502 crore, said the bank.The board of directors has approved an interim dividend of Rs.1 per equity share of face value of Rs.10 per share for FY26 (9 months), which is within the permissible limit of the RBI.

The bank said its gross NPA declined to 1.60% against 1.80% YoY, while net NPA declined to 0.15% against 0.20% YoY.The provision coverage ratio improved to 98.41% as of December 31, 2025, compared to 98.28% as of December 31, 2024, according to the bank.

The bank said it held a cumulative Covid-19 provision of Rs.1,200 crore as on December 31, 2025.

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