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 |
Sequentially, however, net profit increased from Rs 5,225 crore reported in the previous three months by just over 0.5% QoQ.
In the first quarter of FY27, the PSU lender's net interest income (NII) increased from Rs 10,578 crore to Rs 10,798 crore, an increase of more than 2% year over year.
While total term deposits rose by around 9% YoY to Rs 10.21 lakh crore, PNB's current account savings account deposits surged by about 8% YoY to Rs 5.69 lakh crore. Global advances, on the other hand, increased by almost 13% year over year to Rs 12.73 lakh crore. Return on assets (RoA) for the PSU lender dropped from Rs 1.06% in Q4 FY26 to 1.04% in Q1 FY27 from 0.37% in Q1 FY26. In contrast, during the reviewed quarter, Return on Equity (RoE) was 17.33%. Gross non-performing assets (NPAs) decreased to 2.78% at the end of the June quarter from 3.78% a year earlier, indicating an improvement in PNB's asset quality.
Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore from Rs 4,132 crore as on June 2025. Similarly, net NPAs, or bad loans, declined to 0.26%, as against 0.38% in the year-ago period.
However, provisions for bad loans rose to Rs 792 crore during the first quarter, as compared to Rs 396 crore in the same period a year ago. The bank’s capital adequacy ratio improved to 18.13% from 17.5% at the end of the first quarter of the previous financial year.
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.
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.
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%.
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
The Central Government has raised a total of ₹18,561 crore by selling shares in the Central Bank of India, Coal India, NHPC, NLC India, General Insurance Corporation (GIC), and Indian Railway Finance Corporation (IRFC). The government raised the following approximate sum from the sale of PSU stakes:
| Company / Organisation | Amount Raised Through OFS |
|---|---|
| Central Bank of India | Over ₹2,200 crore |
| Coal India | Over ₹5,500 crore |
| NHPC | Over ₹4,300 crore |
| NLC | Over ₹1,200 crore |
| GIC | Over ₹3,000 crore |
| IRFC | Over ₹2,000 crore |
| Cochin Shipyard | Over ₹1,700 crore |
This amount is just in 3 months of the financial year. This amount is higher than the total amount raised by the Government in the last few years. It seems the Government has increased the speed of disinvestment. The government raised ₹16,885 crore in FY 2025-26 and ₹10,163 crore in FY 2024-25. The government had collected ₹16,507 crore in FY 2023-24, ₹35,293 crore in FY 2022-23, ₹13,534 crore in FY 2021-22 and ₹32,886 crore in FY 2020-21.
It seems the NDA-led government has put disinvestment on top of its agenda. Almost all PSU stake sales during the current financial year have been carried out through the Offer for Sale route.
The government is also planning to strategically disinvest in a number of other Central Public Sector Enterprises. Among them are Air India Engineering Services Ltd. (AIESL), Rashtriya Ispat Nigam Ltd. (RINL), and Container Corporation of India (CONCOR).
On stock exchanges, 68 CPSEs are listed. The government owns shares in these businesses worth more than ₹22.80 lakh crore. In addition, 16 public financial institutions, including banks and insurance firms, are listed; the government owns shares in these organizations worth around ₹19 lakh crore. As a result, the government can readily sell a portion of these businesses.
The government’s strategic disinvestment programme is also continuing, although the process has been slow. The Expression of Interest process has been completed for the strategic sale of six CPSEs. These include IDBI Bank, NMDC Steel, HLL Lifecare, Projects & Development India Ltd (PDIL), BEML and Shipping Corporation of India (SCI).
According to Finance Ministry officials, the strategic sale of IDBI Bank is likely to be revived soon. The process had earlier been put on hold because of valuation concerns and limited interest from investors. The government is now expected to move ahead with the stake sale process again.
In the same quarter of the prior fiscal year, the state-owned banking reported a net profit of ₹1,593 crore.
A regulatory filing states that overall income increased from ₹7,879 crore a year earlier to ₹9,063 crore during the quarter. Additionally, interest income rose to ₹8,037 crore from ₹7,054 crore during the same time last year.
According to the bank's exchange filing, Net Interest Income (NII) rose 14.53% year-on-year to ₹3,770 crore in Q1 FY27, compared with ₹3,292 crore in the corresponding quarter last year. On a sequential basis, NII increased 1.82%.
The bank's cost-to-income ratio improved to 35.04% from 37.57% a year ago and 36.51% in the March 2026 quarter.
Return on Assets (RoA) also strengthened to 1.90%, up from 1.80% in Q1 FY26, while net advances registered a robust 27.22% year-on-year growth to ₹3,01,934 crore.
The bank's asset quality strengthened further, with the gross non-performing asset (GNPA) ratio improving to 1.45% of gross advances as of June-end, down from 1.74% a year ago. The net NPA (NNPA) ratio also declined to 0.13%, compared with 0.18% in the corresponding period last year.
Meanwhile, the bank's capital adequacy ratio (CAR) stood at 18.64% at the end of the June quarter, compared with 20.06% in the year-ago period.
