The public sector and private sector banks have released the financial results for Q2FY26.
| 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 |
India’s largest PSU bank SBI said it divested 13.18 percent of its equity holding in Yes Bank on 17 September 2025 at Rs 21.50 per share, generating a profit of Rs 4,593.22 crore. The gain has been recognised under exceptional items and will be transferred to the capital reserve in due course.
SBI’s asset quality improved sequentially during the quarter. Gross NPA ratio declined to 1.73 percent from 1.83 percent, with gross NPAs dipping to Rs 76,243 crore from Rs 78,039.7 crore. Net NPA ratio eased to 0.42 percent from 0.47 percent, while net NPAs fell to Rs 18,460 crore from Rs 19,908 crore.
Provisions rose to Rs 5,400 crore compared with Rs 4,757 crore in the previous quarter and Rs 4,506 crore a year earlier. Pre-provision operating profit fell 10.6 percent sequentially and 6.77 percent year-on-year.
The rise in profitability was also aided by certain one-time factors during the quarter. SBI recorded a one-off gain of Rs 4,593.22 crore from its stake sale in Yes Bank and an additional Rs 25.46 crore from the sale of its stake in Jio Payments Bank.
Domestic net interest margin (NIM) dropped 18 basis points to 3.09 percent for the quarter versus 3.27 percent in the year ago period.
Operating profit for Q2 rose by 8.91 percent year-on-year to Rs 31,904 crore from Rs 29,294 crore in Q2 FY25.
The lender's whole bank advances grew by 12.73 percent year-on-year, while domestic advances grew by 12.32 percent year-on-year for the September quarter.
Retail Advances grew by 15.09 percent year-on-year, led by SME advances growth at 18.78 percent year-on-year, and by agri advances growth at 14.23 percent year-on-year and retail personal advances growth at 14.09 percent.
The lender reported interest income of Rs 1,19,654 crore in the quarter under review, up 5 percent from Rs 1,13,871 crore in the corresponding period of the previous financial year.
Meanwhile, the interest expended by the public lender stood at Rs 76,670 crore in the quarter under review, up 6 percent from Rs 72,251 crore in the corresponding quarter of the previous financial year.
Total expenditure was Rs 30,010 crore, up 10.87% YoY, while total income was Rs 38,598 crore, up 1.41% QoQ and 11.17% YoY. Operating profit increased by 12.20% YoY to Rs 8,588 crore, while provisions jumped by 4.78% YoY to Rs 3,814 crore.
The bank's gross business increased by 13.55% YoY and 4.48% QoQ to Rs 26,78,963 crore. Within this, overseas gross business shot up by 21.66% YoY to Rs 2,02,536 crore, while domestic gross business climbed by 4.45% QoQ and 12.93% YoY to Rs 24,76,427 crore. In terms of lending, both domestic advances at Rs 10,81,428 crore and offshore advances at Rs 69,613 crore, which witnessed a noteworthy 20.34% YoY rise, contributed to the growth of global gross advances to Rs 11,51,041 crore, up 4.99% QoQ and 13.74% YoY.
With domestic deposits at Rs 13,94,999 crore and overseas deposits at Rs 1,32,923 crore, global deposits totalled Rs 15,27,922 crore, gaining 4.11% QoQ and 13.40% YoY. A balanced credit growth trajectory in accordance with rising deposits is shown by the Global Credit-Deposit (C-D) Ratio, which rose slightly to 75.33%. In the September 2025 quarter, Canara Bank's domestic deposit base grew steadily thanks to solid performance across multiple key areas. The total domestic deposits increased by 12.62% YoY and 4.20% QoQ to Rs 13,94,999 crore. In this, current deposits jumped dramatically by 40.48% QoQ and 62.84% YoY to Rs 75,920 crore, while savings deposits went up by 3.07% QoQ and 3.37% YoY to Rs 3,52,195 crore.
The bank's low-cost deposit base was strengthened by this strong spike in current accounts, as CASA Deposits (Current Account and Savings Account) surged to Rs 4,28,115 crore, representing 8.18% QoQ and 10.53% YoY growth
Term deposits grew by 2.53% QoQ and 13.57% YoY to reach Rs 9,66,884 crore, with Rs 5,63,683 crore coming from retail term deposits. Global deposits, on the other hand, increased by 13.40% YoY and 4.11% QoQ to Rs 15,27,922 crore.
Canara Bank's asset quality continued to improve in the September 2025 quarter. The Gross NPA ratio dropped dramatically to 2.35% from 3.73% in September 2024 as the Gross NPA fell to Rs 27,040 crore from Rs 37,733 crore a year earlier. In a similar vein, the Net NPA plummeted to Rs 6,113 crore, and the Net NPA ratio improved to 0.54% from 0.99% the previous year.
The action follows many grievances from officers' groups and bank unions. Numerous workers claimed they are required to put up long hours, deal with increasing insurance and sales goals, and even be given non-banking tasks like election work. Numerous PSU Bank personnel have taken their own lives. The toxic work culture affects not just younger employees but even senior personnel. A senior manager of Bank of Baroda, Shri Iswar Chand Jha, recently took his own life. An AEO at Canara Bank allegedly committed suicide as a result of work-related stress. The passing of a Bank of Baroda chief manager was one piece of news that rocked the nation. The chief manager of Bank of Baroda in Baramati, Pune, committed suicide as a result of work-related stress.A few months ago, Central Bank Manager had committed Suicide. His Wife alleged that Bank Seniors were Mentally Harassing Him.
These are only a handful of incidents that demonstrate the poisonous workplace culture that exists in banks. Many more bank employees have taken their own lives. You can read about banker suicides here if you'd like. These days, if we discuss work pressure and a poisonous workplace, we hear about it every day. A Bank of Baroda branch manager refused to allow employees to take time off to care for his ailing mother. A 29-year-old girl just quit her job at Punjab National Bank because of the toxic work environment. On social media, her video had gained a lot of popularity. She claimed that she eventually quit her job because she was unhappy with it.A lot of banks deny leaves to staff and taking leave during month end or quarter end is considered a sin.
This shows that the working environment in public sector banks is now pathetic. The Government needs to immediately intervene and improve the work culture in banks otherwise banks will surely lose the talented staff.
The EASE (Enhanced Access and Service Excellence) programme is an ongoing reform initiative by the Department of Financial Services (DFS) to improve performance and efficiency in public sector banks. Under the EASE 8.0 and EASERise initiatives, the government is focusing on employee welfare, leadership development, and inclusive growth in PSBs.
At the recent PSB Manthan conclave, a special session was held on “Building an inclusive and future-ready workforce.” The session focused on diversity, equity, and skill development across various roles and genders in the banking system.
To address stress and improve morale, several PSBs have started new initiatives such as Mentorship programmes for professional growth, Digital counselling platforms for mental well-being, Employee Health Index (EHI) surveys conducted every quarter. Out of 12 public sector banks, seven banks are now conducting EHI surveys regularly, and three banks are sharing the results with their boards to take quick action when needed, a senior bank executive said.
On a year-over-year basis, operating profit grew by 5.5 and 6.5 percent for Q2FY26 and HY1FY26, respectively, to Rs 7,227 crore and Rs 14,308 crore.
For H1FY26, net interest income was Rs 21,047 crore, representing a 0.26 percent YoY increase. The total income for Q2FY26 was Rs 36,214 crore, and for H1FY26, it was Rs 73,445 crore, indicating YoY growths of 5.1 and 10.3 percent, respectively.
At Rs 31,872 crore, total interest income for the second quarter increased 6.7% over the previous year. On a year-over-year basis, total interest expenses for Q2FY26 were Rs 21,403 crore, while for H1FY26 they were Rs 42,789 crore, up 10.6 and 14.3 percent, respectively.
From 4.48 percent on September 30, 2024, to 3.45 percent on September 30, 2025, the GNPA ratio increased by 103 basis points on a year-over-year basis. From 0.46 percent on September 30, 2024, to 0.36 percent on September 30, 2025, the NNPA ratio increased by 10 basis points on a year-over-year basis. Gross Non-Performing Assets decreased from Rs 47,582 crore on September 30, 2024, to Rs 40,343 crore on September 30, 2025, a decrease of Rs 7,239 crore.
From Rs 4,674 crore on September 30, 2024, to Rs 4,026 crore on September 30, 2025, Net Non-Performing Assets decreased by Rs 648 crore. Current deposits rose to Rs 74,215 crore, representing a YoY gain of 9.0 percent, while savings deposits rose to Rs 5,08,964 crore, representing a YoY growth of 4.2 percent.
CASA Deposits grew by 4.7 percent year over year to Rs 5,83,178 crore. CASA As of September 30, 2025, the bank's share is 37.29 percent, which represents a 30 basis point increase from June 30, 2025. As of September 30, 2025, total term deposits have grown 14.7% year over year to Rs 10,33,902 crore.
Total Retail credit increased by 8.8 percent YoY to Rs 2,72,210 crore as on September 30, 2025. The bank grew under Retail Advances excluding IBPC recording a YoY growth of 18.1 percent.
Within Retail Advances excluding IBPC: Housing Loan grew by 12.9 percent YoY to Rs 1,24,099 crore, and Vehicle loan posted a growth of 30.9 percent YoY to reach Rs 29,512 crore.
Agriculture advances grew by 13.0 percent on YoY basis to Rs 1,83,987 crore and MSME advances increased YoY by 18.6 percent to Rs 1,79,220 crore.
The officers' complaints have not been addressed despite multiple representations, and some officers have been subjected to punitive action by being moved to far-off places. Events in the complaint case timeline A formal complaint alleging unprofessional behavior, workplace harassment, and unethical business activities by RH, Dharmendra Rajoria, was filed with the MDCEO in the final week of May 2025. A copy of the complaint was also sent to other relevant authorities.
In the first week of June, 2025, a departmental inquiry was conducted under the supervision of the Deputy Zonal Manager (Dy ZM) Bhubaneswar. The complainants later alleged that the inquiry report was biased, claiming their concerns were not reflected and that the findings favored RH Dharmendra Rajoria.
In the third week of June 2025, the officers sent another communication to all concerned officials, highlighting the alleged bias in the first inquiry and requesting an independent and impartial inquiry by the Central Office.
HR sent relieving orders via WhatsApp to a number of officers in the first week of July 2025, including Chief Managers, a manager, and the HR officer of Sambalpur. These orders instructed them to report to new postings by July 7, 2025.
On July 22, 2025, more than 50 officers participated in a second independent investigation and filed written accusations against RH Dharmendra Rajoria. According to reports, this investigation provided real data and facts about the circumstances.
No formal decision has been made even after the second inquiry has been ongoing for 75 days. According to Kanal on October 14, 2025, the All India Bank Officers' Association (AIBOA) also offered their support in a letter sent to the MD & CEO on October 9, 2025.
The officers continue to demand that transfer orders be revoked and that RH Dharmendra Rajoria and other suspected participants face proper disciplinary punishment, as the management continues to review the matter.
According to sources, this case appears to be a clear example of the adage "Justice delayed is justice denied." Current Events and Unresolved Issues A number of unaddressed issues within the organization are brought to light by the current case involving RH Dharmendra Rajoria.
The matter is still open despite numerous investigations and repeated requests from cops. The officers are still looking for a just settlement and the required administrative measures.
The bottom line was bolstered by a sharp decline in total provisions, including those related to income tax, restructured accounts, and non-performing assets. In the previous year, the public sector bank posted a net profit of ₹913 crore. For FY26, its board authorized a second interim dividend of 2%, or ₹0.20 per equity share with a face value of ₹10.
The profitability in the reporting quarter came despite decline in both net interest income and other income.Net Interest Income (interest earned less interest expended) dipped about 4 per cent y-o-y to ₹3,283 crore in Q2FY26 (₹3,410 crore in Q2FY25).
Other income, comprising fee-based income, treasury income and other non-interest income, declined about 8.50 per cent y-o-y to ₹1,507 crore (₹1,647 crore).
Net Interest income was down 52 basis points from 3.41 per cent in Q2FY25 to 2.89 per cent in Q2FY26.Gross non-performing assets (NPA) position improved to 3.01 per cent of gross advances as on September-end 2025 against 4.59 per cent as on September-end 2024.
Net NPA position too improved to 0.48 per cent of net advances against 0.69 per cent.Loan loss provisions declined 58 per cent to ₹143 crore (₹340 crore).
Total provisions, including towards loan loss, restructured accounts and income tax, were 54 per cent lower at ₹573 crore (₹1,252 crore).
