Bank of Baroda(BOB) Q2 Results: Net profit jumps 35.8%, NII rises 9%

State-owned lender Bank of Baroda Ltd on Friday (October 30) reported its highest-ever quarterly net profit of ₹6,532 crore for the second quarter of FY27, registering a 35.8% year-on-year growth. The bank's operating profit also reached a record ₹11,430 crore, rising 50.9% from the corresponding quarter last year.

Net interest income (NII) rose 9% year-on-year to ₹13,026 crore from ₹11,954 crore. Non-interest income surged 95.8% to ₹6,881 crore, taking the bank's operating income to ₹19,907 crore, up 28.7% year-on-year.

Provisions surged 93.3% year-on-year to ₹2,381.8 crore from ₹1,232.47 crore. On a sequential basis, provisions increased from ₹643.03 crore in the previous quarter. Operating expenses rose 7.4% to ₹8,477 crore during the quarter. Global net interest margin (NIM) stood at 2.74%.

For the first half of FY27, Bank of Baroda reported a net profit of ₹7,810 crore. NII increased 9.2% to ₹25,551 crore, while non-interest income rose 26.4% to ₹10,351 crore. Operating profit stood at ₹19,557 crore, up 23.7%, and operating income increased 13.7% to ₹35,902 crore. Operating expenses rose 3.7% to ₹16,345 crore.

The bank's return on assets (ROA) improved 19 basis points year-on-year to 1.26% in Q2FY27, while return on equity (ROE) increased 363 basis points to 19.28%. For H1FY27, ROA stood at 0.75% and ROE at 11.63%. The global NIM for the first half stood at 2.76%.

Bank of Baroda continued to report an improvement in asset quality, with its gross non-performing asset (GNPA) ratio declining 38 basis points year-on-year to 1.78% as of September 2026, compared with 2.16% a year ago.

The net non-performing asset (NNPA) ratio declined 20 basis points to 0.37%. The provision coverage ratio (PCR), including technical write-offs (TWO), improved 144 basis points to 94.65%, while PCR excluding TWO increased 535 basis points to 79.48%.

The bank's global business increased 17.2% year-on-year to ₹32,57,883 crore as of September 30, 2026. Global advances grew 18.3% to ₹15,12,448 crore, while domestic advances increased 13.5% to ₹11,87,944 crore. International advances rose 39.7% to ₹3,24,504 crore.

Global deposits increased 16.4% year-on-year to ₹17,45,435 crore. Domestic deposits grew 16.6% to ₹14,83,521 crore, while international deposits rose 14.9% to ₹2,61,915 crore.

Domestic current account and savings account (CASA) deposits increased 10.4% to ₹5,39,515 crore. The retail, agriculture and micro, small and medium enterprises (RAM) portfolio grew 18% year-on-year, accounting for 64.2% of domestic advances.

Organic retail advances increased 18.6%, driven by growth in auto loans (27.8%), mortgage loans (20.3%), home loans (14.6%) and education loans (9.9%).

The agriculture loan portfolio grew 19% to ₹2,01,946 crore, while the organic MSME portfolio increased 21.3% to ₹1,75,207 crore. Corporate advances rose 6.3% to ₹4,25,736 crore.

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Indian Overseas Bank(IOB) Q2 Net Profit Jumps 56%

Indian Overseas Bank(IOB), the state-run lender, reported decent earnings growth in the second quarter of FY27, with a sharp jump in net profit and improvement in asset quality.

The PSU bank reported a net profit of Rs 1,912.42 crore in the September quarter, registering a growth of 56% from Rs 1,226.42 crore in the year-ago period.

Net Interest Income (NII), the difference between interest earned and interest paid, in Q2FY27 grew 26.4% to Rs 3,867 crore from Rs 3,059 crore, year-on-year (YoY).

Pre-Provisions Operating Profit (PPOP) increased 25.7% to Rs 3,016.49 crore from Rs 2,400 crore, YoY.

Provisions during the September quarter rose to Rs 950.08 crore from Rs 672.45 crore in the year-ago period, and from Rs 834.03 crore in the June quarter. 

Asset quality of Indian Overseas Bank improved during the quarter ended September 2026.

Gross Non-Performing Assets (NPA) in Q2FY27 fell 4.14% to Rs 4,114.41 crore from Rs 4,292.26 crore quarter-on-quarter (QoQ). Net NPA decreased 7.6% to Rs 543.58 crore from Rs 588.42 crore, sequentially.

Gross NPA as a percent of gross advances declined to 1.19% from 1.33% QoQ, while Net NPA ratio dropped to 0.16% from 0.18% QoQ.

Total deposits of Indian Overseas Bank in the quarter ended September 2027 increased 20.16% to Rs 4,07,428 crore from Rs 3,39,066 crore, YoY. CASA Deposits increased 20.73% YoY to Rs 1,65,862 crore, while CASA ratio (domestic) improved by 13 bps YoY to 41.14%.

Advances in Q2FY27 were at Rs 3,45,650 crore, registering a growth of 24.35% from Rs 2,77,968 crore, YoY.

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Bank of Maharashtra Q2 Net profit jumps 41%

 

Public sector lender Bank of Maharashtra on Monday  reported a 41.4% year-on-year (YoY) increase in net profit to ₹2,309.6 crore for the second quarter, compared with ₹1,633 crore in the corresponding period last year.

Operating profit rose 30.86% year-on-year to ₹3,369 crore. On a quarter-on-quarter basis, net profit increased 14.33%, operating profit grew 8.07%, and net interest income (NII) rose 4.89%.

Net interest income (NII) rose 22% YoY to ₹3,954.4 crore from ₹3,247.6 crore in the year-ago period.

The bank's gross non-performing assets (NPA) ratio declined to 1.25% as of September 30, 2026, from 1.72% a year earlier and 1.45% as of June 30, 2026. The net NPA ratio fell to 0.12% from 0.18% a year earlier and 0.13% in the previous quarter.

The bank's total global business grew 25.16% YoY to ₹7,05,766 crore as of September 30, 2026, with global deposits rising 21.50% to ₹3,76,407 crore and gross global advances increasing 29.61% to ₹3,29,359 crore.

The provision coverage ratio stood at 98.53%, compared with 98.34% a year earlier and 98.55% in the June quarter.

The bank's cost-to-income ratio improved to 33.73% in Q2 FY27 from 37.10% in Q2 FY26 and 35.04% in the June 2026 quarter. Return on assets (ROA) improved to 2.02% from 1.82% a year earlier.

Domestic net interest margin (NIM) stood at 3.97%, while global NIM was 3.86%. Return on equity (ROE) stood at 26.98% for the quarter.

Net advances grew 30.16% YoY to ₹3,25,641 crore as of September 30, 2026. The bank's retail, agriculture and micro, small and medium enterprises (RAM) business expanded 24.69% during the period.

Retail advances increased 20.91% to ₹94,582 crore, while micro, small and medium enterprises (MSME) advances rose 24.69% to ₹58,049 crore. Overseas deposits stood at ₹721 crore, while the domestic credit-deposit ratio was 82.85%.

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Bank of India(BOI) Q2 profit jumps 25%

For the September quarter, Bank of India's net profit increased by 25.3% year over year to ₹3,202 crore from ₹2,555 crore during the same period last year. The public sector lender's net interest income (NII) increased significantly, and its overall performance was bolstered by gains in asset quality and operational effectiveness. 

From ₹5,914 crore to ₹7,007 crore a year ago, net interest income increased by 18.5%. Operating profit increased more quickly, rising 33.2% year over year from ₹3,821 crore to ₹5,089 crore.

The bank reported an improvement in asset quality during the quarter, with both gross and net non-performing asset (NPA) ratios declining sequentially.

Gross NPA stood at 1.6% in September 2026, compared with 1.81% in the June quarter. Net NPA declined to 0.42% from 0.51% over the same period.

The provision coverage ratio (PCR), which indicates the extent to which a bank has set aside provisions against its bad loans, rose to 94.45% in September 2026 from 93.39% a year earlier. The slippage ratio stood at 0.15%, while credit cost was 0.12%.

Bank of India’s global business grew 21.13% year on year to ₹18.93 lakh crore as of September 2026, reflecting growth in both deposits and advances.

Global deposits increased 21.59% to ₹10.38 lakh crore, while global advances rose 20.58% to ₹8.55 lakh crore. Retail, agriculture and micro, small and medium enterprise (MSME) lending also recorded double-digit growth.

Retail credit rose 19.27% year on year to ₹1.74 lakh crore, while MSME advances increased 20.27% to ₹1.18 lakh crore. Agriculture credit grew 16.34% to ₹1.21 lakh crore.

Retail, agriculture and MSME lending together form a key part of the bank’s RAM (retail, agriculture and MSME) portfolio. RAM advances grew 18.68% year on year and accounted for 58.63% of total advances.

The bank’s cost-to-income ratio improved by 507 basis points year on year to 47.95%, indicating greater operating efficiency. Return on assets rose 10 basis points to 1.01%, while return on equity increased 142 basis points to 16.36%.

Global net interest margin improved by six basis points year on year to 2.47%.

Bank of India’s capital adequacy ratio (CRAR) increased 109 basis points year on year to 17.78%, with its Common Equity Tier 1 (CET-1) ratio at 15.49%.

Bank of India also reported that priority sector advances grew 12.03% year on year, accounting for 46.24% of adjusted net bank credit (ANBC) as of September 2026. Advances to small and marginal farmers stood at 13.84% of ANBC, above the regulatory norm of 10%, while lending to weaker sections accounted for 17.51%, against the prescribed norm of 12%.

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Indian Bank Q2 Net Profit Jumps 14.7%

Indian Bank reported a 14.7% rise in net profit to Rs 3,462 crore for the quarter, bolstered by core operating growth and one-time gains. With asset quality improving to 1.61% Gross NPA and management raising growth guidance for deposits and advances, the outlook remains robust despite potential industry-wide treasury headwinds.

Net Profit reached Rs 3,462 crore, a 14.71% increase year-on-year.Operating Profit topped Rs 7,000 crore, reflecting a 46.58% surge compared to the previous year.

Indian Bank has released its latest quarterly results, showcasing a strong performance driven by both core banking activities and strategic gains. The bank's net profit saw a double-digit percentage rise, aided by a Rs 1,134 crore mark-to-market gain from its NSE stake sale. Even excluding these one-time items, the bank recorded a healthy 18% growth in operating profit.

The bank’s decision to revise its growth guidance upward—targeting 11-12% for deposits and 13-14% for advances—signals management's confidence in the current credit demand. Improved net interest margins (NIM) and a significant reduction in the special mention account (SMA) book, which dropped to 4.19% from 7.35% a year ago, highlight a strengthening balance sheet.

Asset quality continues to improve, with Gross NPA standing at a low 1.61% and Net NPA at 0.14%. The bank maintains a comfortable capital adequacy ratio of 16.21%, with expectations to reach up to 17.5% by the end of the fiscal year through organic profit retention.

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Union Bank of India Q2 net profit rises 30%

Union Bank of India, for the second quarter ended September 30, 2026, reported 30% year-on-year (YoY) growth in standalone net profit at ₹5,537 crore.Provisions for Non Performing Assets (NPA) grew 13% yoY to Rs 5,960 crore. 

Interest income of the Bank stood at Rs. 28,158 crore as compared with ₹26,191 crore a year ago, up 7.51%.

Total business of the Bank increased by 12.01% YoY, wherein gross advances increased by 18.53% YoY & total deposit grew by 6.87% YoY. 

Global deposits increased by 6.87% YoY. The bank now has a total deposit base of ₹13,19,455 crores as on September 30, 2026. 

 In case of advances, the Retail, Agri and MSME (RAM) segment of the Bank increased by 14.65% YoY, within which 11.24% growth was seen in Retail and 22.39% growth in MSME on YoY basis. RAM advances as a percentage of domestic advances stood at 57.47%, the bank said. 

The Bank’s Gross NPA was reduced by 13% to ₹27,916 crore, and Net NPA was also reduced by 8% on a YoY basis to ₹4,768 crore. 

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ICICI Bank Q2 Net profit rises 20%

ICICI Bank exceeded market estimates on Saturday by reporting a 20.1 percent year-over-year increase in standalone net profit to Rs 14,843 crore for the second quarter of FY27. While asset quality improved, the private sector lender reported significant increases in advances and net interest income (NII).

The net profit was 3.9 percent more than the CNBC TV18 poll prediction of Rs 14,280 crore. ICICI Bank's net interest income surpassed the poll forecast of Rs 24,811 crore by 2.1 percent, rising 17.7 percent year over year to Rs 25,339 crore from Rs 21,529 crore.

The bank's net interest margin (NIM) stood at 4.18 percent in the July-September quarter, compared with 4.36 percent in the preceding quarter and 4.30 percent in the year-ago period.

Core operating profit increased 21.8 percent year-on-year to Rs 20,805 crore from Rs 17,078 crore. Fee income rose 20.1 percent to Rs 7,795 crore, with fees from retail, rural and business banking customers accounting for approximately 75 percent of the total. Operating expenses increased 8.5 percent year-on-year to Rs 12,811 crore.

ICICI Bank reported provisions, excluding tax provisions, of Rs 851 crore for the September quarter, compared with Rs 914 crore a year earlier, representing a decline of approximately 6.9 percent.

The bank continued to maintain contingency provisions of Rs 13,100 crore, alongside an additional standard asset provision of Rs 1,283 crore made in the third quarter of FY26 under RBI directions relating to its agricultural priority sector portfolio.

The net NPA ratio improved to 0.30 percent from 0.35 percent sequentially and 0.39 percent a year earlier. Gross NPA additions stood at Rs 4,833 crore, compared with Rs 5,034 crore in the corresponding quarter last year.

The bank's total advances increased 30 percent year-on-year and 12.3 percent sequentially to Rs 18.32 lakh crore as of September 30. Excluding loans extended by international branches against foreign currency non-resident (FCNR-B) deposits, total loan growth was 24.1 percent year-on-year and 7.3 percent sequentially.

The retail and rural loan portfolio grew 14.8 percent year-on-year, while the business banking portfolio expanded 33.8 percent. The domestic corporate portfolio registered growth of 30.6 percent.

Total period-end deposits increased 27.1 percent year-on-year to Rs 20.50 lakh crore. Excluding FCNR-B deposits, deposit growth stood at 17 percent. Average deposits rose 21.2 percent to Rs 18.88 lakh crore. The average current account and savings account (CASA) ratio stood at 35.8 percent, reflecting the increase in the term deposit base due to FCNR-B deposit inflows.

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Central Bank of India Q2 net profit jumps 21%

 

Central Bank of India on Saturday (October 17, 2026) reported a 21% rise in net profit to ₹1,469 crore for the second quarter ended September 30, 2026, helped by improved core income and reduction in bad assets. The public sector lender posted a net profit of ₹1,324 crore in the same period of the previous fiscal.

“The bank's total income increased to ₹11,737 crore in the second quarter from ₹10,212 crore a year ago,” Central Bank of India said in a regulatory filing.

Interest income rose to ₹10,357 crore in the September quarter of FY27 from ₹8,743 crore in the year-ago period.

During the quarter, net interest income rose 26% to ₹4,146 crore against ₹3,283 crore in the second quarter of last financial year. Cost-to-income ratio reduced to 58.95% compared to 62.42% in the year-ago period. The bank's operating profit also increased to ₹2,268 crore from ₹2,186 crore a year ago.

As regards asset quality, gross non-performing assets (NPAs) of the bank moderated to 2.39% of gross advances at the end of September 2026 compared to 3.01% a year ago. Similarly, net NPAs or bad loans came down to 0.31% at the end of September 2026 against 0.48% a year ago.

However, provisioning increased to ₹490 crore during the quarter against ₹144 crore in the July-September period of the last fiscal.

The Provision Coverage Ratio (PCR) stood at 97.16% as on September 30, 2026, registering a growth of 28 bps, from 96.88% at the end of September 2025.

The Capital to Risk-Weighted Assets Ratio (CRAR) improved to 17.68% from 17.48% at the end of the second quarter of the previous financial year.

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