Bandhan Bank Q1 Net profit declines 65%

Bandhan Bank's Q1 FY26 net profit of Rs 372 crore was a 65 percent decrease from Q1 FY25's Rs 1,063 crore. 

 The bank's overall revenue for the quarter was Rs 6,201.49 crore, which was a slight increase over Q1 FY25's total of Rs 6,081.73 crore. 

 From Rs 2,987 crore in the same quarter last year, NII fell 8%. For the quarter, the Net Interest Margin (NIM) was 6.4%. 

 Operating profit amounted at Rs 1,668 crore, lower than Rs 1,941 crore in Q1 FY25. With Rs 1,147 crore set aside for provisions and contingencies in Q1 FY26—much more than the Rs 523 crore set aside in Q1 FY25—the bank's provisioning expenses remained high.

Regarding asset quality, the bank's gross non-performing asset (NPA) ratio increased from 4.2 percent in the same quarter of the previous year to 5.0 percent in Q1 FY26. 

 The net non-performing asset (NPA) increased from 1.1 percent in FY25 to 1.4 percent. As of June 30, 2025, Bandhan Bank's capital adequacy ratio was 19.4%, which was higher than the 11.5 percent legal threshold. The bank's return on assets (RoA) for the quarter was 0.20 percent, and its total assets were Rs 1,89,403 crore. Business-wise, deposits at Bandhan Bank increased by 16 percent year over year to Rs 1.55 lakh crore. Retail deposits (CASA plus retail term deposits) accounted for 68 percent of the total. The CASA ratio was 27.1% and the CASA deposits were Rs 41,858 crore.

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Indian Overseas Bank(IOB) Q1 Net profit jumps 76% YoY; asset quality and margins

 

Indian Overseas Bank, a state-run institution based in Chennai, announced a staggering 76 percent increase in net income for the June quarter at Rs 1,111.04 crore following a solid performance in all important metrics, particularly the asset quality side. 

According to a statement released by the management on Friday, the lender's total revenue increased 17% to Rs 8,866.47 crore, including other revenue of Rs 1,480.92 crore. 

The net interest margin was 3.04 percent, and the crucial net interest income increased by nearly 13 percent to Rs 2,746 crore. This resulted in an operational margin of 26.59 percent, up from 22.14 percent, and a net profit margin of 12.53 percent, up from 8.36 percent.

Regarding asset quality, the bank's non-performing assets showed a drop both annually and sequentially. Net NPAs decreased from Rs 1,153.51 crore to Rs 816.38 crore, while total NPAs decreased from Rs 6,648.71 crore to Rs 5,178.46 crore. Provisions and contingencies thus decreased from Rs 937.87 crore to Re 844.05 crore. 

 Gross non-performing assets (NPAs) decreased by 92 basis points on an annualized basis and 17 basis points on a sequential basis, from 2.89 to 1.97 in percentage terms. Likewise, net non-performing assets (NPAs) decreased from 0.51% to 0.32, or by 19 and 5 basis points, respectively. The provision coverage ratio increased to 97.47, a 51-bps improvement. Gross advances rose from Rs 2,30,092 crore to Rs 2,62,421 crore, a 14.05 percent increase.

The growth of deposits was 10.75%, rising by Rs 32,111 crore to Rs 3,30,792 crore. Gross advances rose 14.05% to Rs 2,62,421 crore, or Rs 32,329 crores. While the credit cost remained constant at 0.29%, the slippage ratio increased by 3 basis points to 0.10. From Rs 582 crore to Rs 851 crore, the bank recovered an additional Rs 269 crore.

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Axis Bank Q1 Net profit declines 4%

On Thursday, Axis Bank said that its June quarter net profit had decreased by 3.8 percent to Rs 5,806.14 crore from Rs 6,034.64 crore in the same period last year. Net profit decreased by 18 percent on a sequential basis. 

 The bank's operating profit for the quarter was Rs 11,515 crore, up 14% over the previous year. According to a press statement, core operating profit increased 5% year over year to Rs 10,095 crore. In Q1FY26, operating costs increased by 2% year over year.

Compared to the Rs 13,448 recorded in the previous quarter, the net interest income (NII) increased slightly by 0.8 percent to Rs 13,560 crore in the current quarter. Net interest income decreased by 2% sequentially. 

 The bank's Net Interest Margin (NIM) was 3.80% in the April–June quarter, compared to 3.97 percent in the previous quarter and 4.05 percent in the previous year. The gross non-performing asset (NPA) ratio increased from 1.28 percent on March 31, 2025, and 1.54 percent on June 30, 2024, to 1.57 percent on June 30, 2025, indicating a decline in the bank's asset quality during the reporting quarter.

According to the investor presentation, the bank's net non-performing asset (NPA) ratio also rose from 0.33 percent in Q4FY25 and 0.34 percent in Q1FY25 to 0.45 percent in Q1FY26. 

 In the April-June quarter, the bank's gross non-performing assets (NPA) totaled Rs 17,765 crore, up from Rs 14,490 crore in the previous quarter and Rs 16,211 crore in the previous year. In the reporting quarter, net non-performing assets (NPA) were Rs 5,066 crore, down from Rs 3,685 crore in the previous quarter and Rs 3,553 crore in the previous year.

In the June quarter of the fiscal year 2026, the third-largest private sector lender in the nation declared provisions of Rs 3,948 crore, up from Rs 1,359 crore in the March quarter. The overall deposits increased by 9% year over year to 11.61 lakh crore, including 9% growth in current account deposits, 3% growth in savings account deposits, and 12% growth in term deposits. At the conclusion of Q1FY26, CASA deposits accounted for 40% of total deposits.

Total deposits increased 8% year over year on a quarterly average balance basis, with savings account deposits increasing 1%, current account deposits increasing 4%, and term deposits increasing 12%. As of June 30, 2025, the Bank's advances increased by 8% year-over-year and 2% quarter-over-quarter to Rs 10.59 lakh billion. Retail loans made up 59% of the Bank's net advances and increased 6% year over year to Rs 6.23 lakh crore crore.

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Bank of Maharashtra Q1 results, Net profit rises 23%

On Tuesday, July 15, the state-run Bank of Maharashtra Ltd. released its April–June quarter results. The lender's core income, or net interest income, climbed from ₹2,800 crore to ₹3,292 crore, an 18% year-over-year gain. 

 The period's net profit climbed from ₹1,293 crore to ₹1,593 crore, a 23% rise. Despite lower other income than in the same quarter previous year, net profit increased during the quarter. Sequentially, the period's asset quality stayed constant. Both net and gross non-performing assets (NPA) stayed at 0.18% and 1.74%, respectively, from the March quarter.

Compared to the previous quarter's ₹983.29 crore, the quarter's provisions were ₹867.41 crore. On a sequential basis, slippages over the period have increased. At the conclusion of the June quarter, total slippages were ₹727 crore, up from ₹660 crore during the March quarter. 

 While deposits increased by 14% from the same quarter last year to ₹3.05 lakh crore, Bank of Maharashtra reported business growth of 14% from the previous year to ₹5.46 lakh crore in its post-earnings statement. 

 Gross Advances were ₹2.41 lakh crore, increasing 15.34% from the previous year.Net Interest Margins during the June quarter stood at 3.95%, which is nearly the same as 3.97% it reported in the June quarter last year and 4.01% reported during the March quarter.

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