Canara Bank Q2 net profit rises 19%, asset quality improves

 Canara Bank reported a net profit of Rs 4,774 crore for the second quarter of the financial year 2026. This marks a 19 percent year-on-year (YoY) increase from the Rs 4,014 crore net profit reported in the same period last year.

The PSU lender’s net interest income (NII) however declined 2 percent YoY to Rs 9,141.19 crore during the quarter under review. Asset quality improved, with net NPA ratio reducing to 0.54 percent during Q2 FY26 from 0.99 percent in Q2 FY25. Gross NPA ratio fell to 2.35 percent during the September quarter of the current financial year, from 3.73 percent during the corresponding quarter of the previous financial year.

Canara Bank’s net profit margin improved to 12.37 percent in Q2 FY26, from 11.56 percent in Q2 FY25. The margin however declined sequentially from 12.48 percent recorded in the first quarter of FY26 (April-June).

Return on assets (ROA) increased to 1.12 percent, while credit costs decreased to 0.68 percent. Total provisions increased nearly 5 percent YoY to Rs 3,814 crore. Slippage ratio stood at 0.76 percent improved by 24 bps.

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Kotak Mahindra Bank Q2 Net profit falls 2.7% YoY

Private lender, Kotak Mahindra Bank on October 25 reported a 2.7 percent year-on-year fall in its standalone net profit to Rs 3,253 crore in the second quarter of the current financial year. In a year ago period, net profit stood at Rs 3,344 crore.

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.

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Financial Results of PSU and Private Banks for Q2FY26

The public sector and private sector banks have released the financial results for Q2FY26. 

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
Federal Bank	Click Here
Bandhan Bank	Click Here
Axis Bank	Click Here

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Punjab National Bank(PNB) Q2 net profit rises 14% YoY

On October 18, the state-owned lender Punjab National Bank said that its net profit for the second quarter of the current fiscal year increased by 14% year over year to Rs 4,904 crore. 

 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.

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HDFC Bank Q2 Net profit rises 10.8%

Today, October 18, 2025, HDFC Bank, India's biggest private sector bank, released its Q2 earnings. The private lender's board of directors had approved the financial results for the second quarter of FY26 and was set to convene on Saturday. 

 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

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Federal Bank Q2FY26 Net profit drops 9.51%

Due to a spike in provisions, Federal Bank reported a 9.51% decrease in its September quarter consolidated net profit at Rs 991.94 crore on Saturday. For the previous year, the private sector lender earned a net profit of Rs 1,096.25 crore. 

 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.

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ICICI Bank Q2 Net profit rises 5.2%

The standalone net profit of ICICI Bank, the second-biggest private sector bank in India, increased by 5.2% to ₹12,359 crore in the second quarter of FY26 from ₹11,746 crore in the same quarter of the previous fiscal 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%.

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IndusInd Bank Q2 results: Posts net loss due to higher provisions, NII drops 17.5% YoY

IndusInd Bank reported a net loss of 436.8 crores in the second quarter of the financial year 2025-26. Last year, the bank posted a net profit of Rs 1,331 crore in Q2 FY25. Rajiv Anand, the MD and CEO of IndusInd Bank, said in a statement that the loss in the quarter is a result of accelerated write-offs as well as increased provisions on microfinance as a prudent measure. 

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.

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