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.
Net Interest Income (NII) for Q2FY26 increased to Rs 7,311 crore, up 4 percent YoY from Rs 7,020 crore in Q2FY25. Net Interest Margin (NIM) was 4.54 percent for Q2FY26. Cost of funds was 4.70 percent for Q2FY26.
Net Advances increased 16 percent YoY to Rs 462,688 crore as at September 30, 2025 from Rs 399,522 crore as at September 30, 2024.
As at September 30, 2025, GNPA was 1.39 percent and NNPA was 0.32 percent (GNPA was 1.49 percent and NNPA was 0.43 percent at September 30, 2024). As at September 30, 2025, Provision Coverage Ratio stood at 77 percent.
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.
It is anticipated that the banking industry as a whole would post poor results for the quarter that ended in September 2025, with sector profitability plunging before rebounding in H2FY26.
The July–September quarter saw modest increases in HDFC Bank's net profit and net interest income (NII). In the second quarter of FY26, HDFC Bank posted a standalone net profit of ₹18,641.28 crore, up 10.8% from ₹16,820.97 crore in the same period last year.
In the second quarter of FY26, HDFC Bank posted a standalone net profit of ₹18,641.28 crore, up 10.8% from ₹16,820.97 crore in the same period last year. During the fiscal second quarter that concluded in September 2025, the lender's Net Interest Income (NII), which is the difference between interest collected and interest paid, increased 4.8% year over year to ₹31,551.5 crore from ₹30,114 crore.
In the second quarter of FY26, pre-provisions operating profit (PPOP) climbed 18.5% to ₹27,923.60 crore from ₹24,705.74 crore, YoY. Over the course of the quarter, the private sector lender's asset quality increased sequentially.
Net NPA down 6.75% QoQ to ₹11,447.29 crore, while gross NPA fell 7.42% QoQ to ₹34,289.48 crore. The Net NPA ratio decreased 5 bps QoQ to 0.42%, while the Gross NPA ratio reduced 16 bps QoQ to 1.24%.
Here are the highlights of HDFC Bank Q2 results today:
> Net profit up 10.8% YoY at ₹18,641.28 crore
> NII up 4.8% YoY at ₹31,551.5 crore
> PPOP up 18.5% at ₹27,923.60 crore
> Gross NPA down 7.42% QoQ at ₹34,289.48 crore
> Net NPA down 6.75% QoQ at ₹11,447.29 crore
> Gross NPA ratio down 16 bps QoQ at 1.24%
> Net NPA down 5 bps QoQ at 0.42%
> Provisions at ₹3,500.5 crore, up 29.6 YoY, down 75.76% QoQ
> Total deposits up 12.1% YoY at ₹28.02 lakh crore
> Gross advances up 9.9% YoY at ₹ ₹27.69 lakh crore
> Total number of branches at 21,417
Due to a 6.23 percent increase in its loan book and a 0.06 percent constriction in the net interest margin year over year at 3.06 percent, the core net interest income increased 5.4% to Rs 2,495 crore.
According to a senior bank official, the lender wants to increase the book by 10–12% in the second half of the fiscal year. This is higher than the 7.6% growth in the first half and will result in a credit growth of less than 10% in FY26, even if the top end of the target for the second half is achieved.
This will be less than FY25's 12.14 percent. The bank's other revenue increased by 12.26% to Rs 1,082 crore. Manian stated that the quarter's deposit increase was 7.36% and that the Federal Bank will be concentrating on growing the proportion of low-cost current and savings account balances in the future.
According to the bank management, the slippages are less than the Rs 658 crore from the previous quarter, and the slippage ratio has been kept below 1%. From 1.91 percent at the end of the previous quarter and 2.09 percent on an annual basis, the lender's gross non-performing assets ratio improved to 1.83 percent.
The bank's overall provisions increased from Rs 196.14 crore to Rs 397.44 crore over the previous year, which had the biggest negative impact on profit growth. Manian clarified that the provision statistics are not comparable because the bank changed its provision policy on the exposures to unsecured loans in the December quarter of last year.
In Q2FY26, net interest income (NII), which is the difference between interest collected and interest spent, increased 7.4% year over year (YoY) to ₹21,529 crore from ₹20,048 crore. The net interest margin was 4.30 percent.
According to ICICI Bank, pre-provisions operating profit (PPOP) increased by 3.43% year over year to ₹17,297.96 crore from ₹16,723.18 crore in the September quarter.
Provisions (excluding provision for tax) declined to ₹914.11 crore in Q2FY26 compared to ₹1,233.09 crore YoY, and ₹1,814.57 crore, QoQ.
Asset quality of the bank improved sequentially. Gross Non-Performing Assets (GNPA) in Q2FY26 declined 3.57% to ₹23,849.66 crore from ₹24,732.65 crore in the previous quarter. Net NPA decreased 2.41% to ₹5,827 crore from ₹5,971.09 crore, QoQ.
Gross NPA as a percentage of Gross Advances, or Gross NPA ratio, in Q2FY26 dropped to 1.58% from 1.67%, QoQ, while Net NPA ratio eased to 0.39% from 0.41%, QoQ.
According to ICICI Bank, as of September 30, 2025, its net domestic advances increased by 3.3% sequentially and 10.6% year over year. As of September 30, 2025, the retail loan portfolio accounted for 52.1% of the overall loan portfolio, growing 6.6% year over year.
The rural banking portfolio fell 1.3% year over year, whereas the business banking portfolio increased 24.8%. As of September 30, 2025, total advances have risen by 3.2% QoQ and 10.3% YoY to ₹14,08,456 crore.
In comparison to the minimum regulatory standards of 11.70% and 8.20%, respectively, ICICI Bank's total capital adequacy ratio was 17.00% and its CET-1 ratio was 16.35% as of September 30, 2025.
In Q2FY26, average deposits climbed by 1.6% QoQ and 9.1% YoY to ₹15,57,449 crore. While average savings account deposits increased by 8.5% year over year, average current account deposits increased by 12.6% year over year. By the end of the September 2025 quarter, total deposits had increased to ₹16,12,825 crore, a 7.7% YoY increase. In Q2FY26, the CASA ratio was 39.2%.
IndusInd Bank reported a 17.5 per cent YoY Net Interest Income decline in the quarter. The bank’s NII in Q2 FY26 came down to Rs 4,409 crore from Rs 5,347 crore in Q2 FY25.
Furthermore, IndusInd Bank’s margins also squeezed in the quarter. The private sector bank’s margin in Q2 FY26 stood at 3.32 per cent, compared to 4.08 per cent in the same quarter of last fiscal year.
The bank found itself in the midst of a crisis earlier this year as governance and accounting lapses surfaced, leading to the exit of its former CEO, Sumant Kathpalia and deputy Arun Khurana.
The bank’s asset quality remained largely stable despite the challenging environment. Gross non-performing assets (GNPA) ratio stood at 3.60 percent as of September 30, 2025, compared with 3.64 percent at the end of June 2025, while net NPA (NNPA) improved to 1.04 percent from 1.12 percent. Provision coverage ratio (PCR) rose to 71.81 percent from 70.13 percent in the previous quarter.
Total loan-related provisions stood at Rs 10,443 crore, representing 3.2 percent of the loan book.
Total deposits fell to Rs 3.90 lakh crore from Rs 4.12 lakh crore a year earlier, while advances declined to Rs 3.26 lakh crore from Rs 3.57 lakh crore. The share of low-cost current and savings account (CASA) deposits stood at 31 percent, with current account deposits at Rs 31,916 crore and savings deposits at Rs 87,854 crore.
The balance sheet size contracted to Rs 5.27 lakh crore from Rs 5.43 lakh crore a year ago.
Fee and other income fell 24.4 percent to Rs 1,651 crore from Rs 2,185 crore in the year-ago quarter. The pre-provision operating profit (PPOP) dropped 43 percent to Rs 2,047 crore from Rs 3,600 crore.
As of September 30, 2025, IndusInd Bank had 3,116 branches and banking outlets, along with 3,054 ATMs across India, serving approximately 42 million customers.
IDFC First Bank's total interest income rose nearly 11% to ₹9,936.8 crore in the second quarter of the financial year 2025-26, from ₹8,956.9 crore in the same period of the previous year.
The bank’s net interest income (NII) rose 6.78% in the second quarter of the financial year ended 2025-26 to ₹5,113 crore, from ₹4,788 crore a year ago.
The lender's percentage of gross non-performing assets (NPAs) to gross advances for the second quarter of the 2026 fiscal year stood at 1.86% compared to 1.92% in the same quarter of the previous financial year, the bank informed, while net NPAs stood at 0.52% for the quarter under review.
IDFC FIRST Bank serves 35 million customers, with a customer business of ₹5,35,673 crore comprising customer deposits of ₹2,69,094 crores and loans and advances of ₹2,66,579 crores. Customer deposits grew 23.4% YoY and loans 19.7% YoY, the bank said in a release.
Reflecting on the results, V Vaidyanathan, MD and CEO of IDFC First Bank, said, “The stress in the MFI (microfinance) business was an MFI industry issue and looks like it is behind us.
Other than MFI, the asset quality of the Bank has always been stable for over a decade through cycles and continues to be so with Gross NPA at 1.86% and Net NPA at 0.52% as of 30th September 2025."
He added, "On the cost of funds, we expect it to drop from here on. The bank is witnessing improving operating leverage. For instance, in FY25, total Business, i.e. loans and customer deposits, grew by 22.7% YoY, against an increase in Opex of 16.5% YoY.
Following on, in H1 FY26, total Business grew by 21.6% YoY, against an Opex (operational expenditure) increase of 11.8% YoY. We hope to sustain this trend.”
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).
