Public Sector Banks Surpass Private Banks in Loan Disbursals

In India, government banks have recovered significantly. Public sector banks (PSBs) have provided more loans than private banks for the first time in fifteen years. This represents a significant shift in the nation's banking industry. In the personal loan market, where government banks are currently lending more quickly than private banks, the expansion has been particularly robust. This change demonstrates how actively and competitively government banks are responding to consumer demands. For the first time in more than ten years, public sector banks have surpassed private banks in terms of overall loan distribution, making this accomplishment a significant turning point. Customers' increasing faith in government banks and their better performance in recent years are reflected in it.

Reason behind this

According to the Reserve Bank of India (RBI) and other financial reports, one of the main reasons of increase in loan disbursals of government banks is that private banks like HDFC Bank and Axis Bank have slowed down their lending. In recent years, private banks usually led in giving loans, but now they are lending less compared to public sector banks.

The fact that government banks are more active in managing loan programs started by the federal and state governments could be another factor. These include programs that give small workers and merchants financial support, such as the PM Vishwakarma Yojana and the PM Svanidhi Yojana. Public sector banks have supplied the majority of the loans under these schemes, with private banks participating in very little of them. This may be a major factor in the fact that public banks are currently lending more money than private ones.

How Much Have Public Sector Banks Grown?

By December 2024, public sector banks recorded a strong 17% growth in personal loan disbursals, while private banks managed only 10% growth in the same category. This clearly shows that public banks are stepping up and winning borrower trust in the retail loan space. Public sector banks aren’t just leading in personal loans—they’re also ahead in industrial and service sector loans.

• Industrial loans: Public banks provided 60% of the total ₹37.9 lakh crore
• Service sector loans: They contributed 56% of ₹49.9 lakh crore
• Personal loans: Public sector banks disbursed 52% of ₹51.1 lakh crore

This wide lead proves that PSBs are playing a much larger role in supporting India’s economy across sectors.

Credit Growth vs Deposits

Interestingly, for the fourth year in a row, banks have given out more loans than the money they have received through deposits.This kind of trend is very rare and has happened only two times in the last 50 years. Most of the money banks received as deposits came from Fixed Deposits (FDs), which made up 86% of the total increase in deposits. As of December 2024, half of all the money kept in banks is now in the form of term deposits like FDs.

Home Loans

Government banks are also doing very well in giving home loans, especially in smaller cities (Tier-3) and rural areas. In the financial year 2024–25, public sector banks gave out 46.4% of all home loans, up from 45.1% the year before.Meanwhile, private banks saw a small drop in their share of home loans—from 54.9% to 53.6%. During this period, public banks gave out ₹2.1 lakh crore in new home loans, which makes up 56.1% of all home loans given that year.

Non-Resident Indians (NRIs)

Deposits by Non-Resident Indians (NRIs) grew well in the financial year 2024–25. Their total deposits increased by 10%, reaching ₹14.16 lakh crore by March 2025. About half of these deposits are in fixed deposits (FDs), which shows that NRIs still have strong trust in India’s public banks for saving their money for the long term.

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Private Banks posts Net loss of ₹2,328 crore in Q4

For the January–March period, Mumbai-based private lender IndusInd Bank Ltd. reported a net loss of ₹2,328 crore due to stress in the microfinance portfolio and previously documented accounting irregularities that negatively impacted the balance sheet. According to a CNBC-TV18 poll, the net loss was ₹514 crore. The findings were released on Wednesday, May 21, after market hours. 

For the first time in two decades, IndusInd Bank has disclosed a quarterly financial loss. IndusInd Bank last declared a loss during the fourth quarter of the 2006 fiscal year, when Bhaskar Ghose was the bank's chief executive officer. The lender has only ever reported a loss once in its trading existence, and that was in March 2001.

IndusInd's Net Interest Income (NII) or core income declined by 43.4% from the same quarter last year to ₹3,048 crore, which is lower with the CNBC-TV18 poll of ₹4,762.4 crore.

Asset quality for the lender deteriorated on a sequential basis, with Gross NPA at 3.13% from 2.25% in the December quarter, while net NPA for the quarter stood at 0.95% from 0.68% in the previous quarter.

In a separate filing, IndusInd Bank stated that the Internal Audit Department submitted a report on May 20, where an amount of ₹172.58 crore was incorrectly recorded as fee income in the Microfinance business over three quarters ending December 31, 2024 and was reversed in the fourth quarter.

IndusInd Bank's advances grew by 1.3% during the January-March period on a year-on-year basis, which was the weakest growth in 17 quarters. On the sequential basis, loan growth declined by 5.2%, which was the biggest decline in 37 quarters or more.

Deposits grew by 6.8% during the March quarter, in comparison to the year-ago period to ₹4.11 lakh crore. This was the weakest deposit growth reported by the lender in the last 19 quarters.

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Bank of India(BoI) Q4 Net profit jumps 82% YoY

 

Bank of India(BoI) on Friday, May 9, reported its March quarter earnings, in which net profit rose 82.5% year-on-year to ₹2,626 crore, compared to ₹1,439 crore in the same quarter a year ago.

The bank's Net Interest Income (NII) or core income rose 2.1% to ₹6,063 crore as against ₹5,936 crore in the year-ago quarter.

The company's asset quality also improved, with Gross Non-Performing Assets (NPA) declining to 3.27% from 3.69%, and Net NPA reducing to 0.82% from 0.85% last year.

Bank of India recommended a dividend of ₹4.05 (40.50%) per equity share of ₹10 face value for the financial year 2024-25, subject to approval of shareholders at the ensuing Annual General Meeting of the Bank.

Record date for the said dividend has been fixed as June 20, 2025. Hence, shareholders having shares as on the cut-off date i.e. June 20 will be eligible for the dividend payment.

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Union Bank Of India Q4 Results: Profit Beats Estimates, Asset Quality Improves

 

Union Bank of India reported a rise in its standalone net profit in the fourth quarter of financial year 2024-25, beating estimates.

The bottomline of the public sector bank jumped 50.6% to Rs 4,985 crore in the January-March period, compared to Rs 3,310 crore in the year-ago period, according to a stock exchange filing on Thursday. The analysts' consensus estimates compiled by Bloomberg projected Rs 4,320.6 crore.

Net interest income rose 1% to Rs 9,514 crore versus Rs 9,437 crore last year. The Bloomberg estimate was Rs 9,373 crore.

Union Bank of India demonstrated an improvement in asset quality on a sequential basis, with gross non-performing assets ratio decreasing to 3.6% from 3.85% quarter-on-quarter, and net NPA ratio also declining to 0.63% from 0.82%.

The bank's operating profitability showed strong growth, increasing by 17.9% to Rs 7,700 crore compared to Rs 6,533 crore.

Provisions saw an increase of 22.6% year-on-year, rising to Rs 1,544 crore from Rs 1,260 crore. However, on a sequential basis, provisions saw a slight decrease of 3.4%, down to Rs 1,544 crore from Rs 1,599 crore.

The board has recommended a dividend of Rs 4.75 per equity share for fiscal 2025, subject to obtaining the necessary statutory approvals and the approval of the shareholders at the ensuing annual general meeting.

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Canara Bank Q4 results: Net profit jumps 33%

On Thursday, May 8, Canara Bank revealed its January–March results, showing a 33% increase in net profit year over year to ₹5,002.7 crore. In the same quarter last year, it was ₹3,757 crore.

In comparison to ₹9,580 crore in the same quarter last year, the PSU-lender's net interest income (NII), which is the difference between interest received and interest spent, increased 1.4% year over year to ₹9,442 crore in the March quarter. 

The operating profit and NII of Canara Bank exceeded projections. In the quarter, the bank's gross nonperforming assets (GNPA) ratio decreased from 3.34% in December 2024 to 2.94%. From 0.89% in the previous quarter, the net non-performing asset ratio improved to 0.70%.

Compared to 91.26% in Q3FY25, the provision coverage ratio (PCR) was 92.70% in Q4. In contrast to the ₹2,464 crore in the previous December quarter, the bank's slippages totaled ₹2,702 crore. Additionally, the amount exceeded projections of ₹2,650 crore. For FY26, Canara Bank anticipates advance growth of 10–11%. 

 The lender wants to see a 9–10% increase in deposits together with a significant improvement in asset quality. For the fiscal year 2024–2025, the board has suggested paying a 200% dividend, or ₹4 per share, on the bank's equity shares, which have a face value of ₹2. The aforementioned dividend's record date is June 13, 2025.

Record date for the said dividend has been set as June 13, 2025.The dividend, if approved by the shareholders of the bank, will be paid after the AGM on June 13.

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Punjab National Bank(PNB) Q4 Net profit surges 52% YoY

With a net profit that increased 52% year over year (YoY) to Rs 4,567 crore from Rs 3,010 crore in Q4FY24, state-owned Punjab National Bank (PNB) announced a solid March quarter. Better asset quality and more interest revenue helped to sustain this strong growth. 

 Healthy rise in net interest income (NII) and non-interest income drove the 13.4% YoY increase in total income for Q4FY25, which came to Rs 36,705 crore. A consistent increase in lending activity was reflected in Net Interest Income (NII), which increased 4% YoY to Rs 10,757 crore. Additionally, non-interest income increased by 11% to Rs 4,716 crore.

On the operational front, PNB’s operating profit for Q4FY25 was Rs 6,776 crore, up 6% YoY, as the bank kept a check on operating expenses, which rose by only 6.1% YoY to Rs 8,697 crore.

PNB’s asset quality saw a marked improvement, with the gross non-performing assets (GNPA) ratio declining to 3.95% as of March 2025, compared to 5.73% a year ago. Net NPA (NNPA) also fell to 0.4% from 0.73%.

The bank’s provision coverage ratio (PCR), including technical write-offs, improved to 96.82%, up from 95.39% in the previous year.

For the full year FY25, PNB posted a net profit of Rs 16,630 crore, up 102% YoY. Total deposits grew 14.38% YoY to Rs 15.67 lakh crore, while global advances rose 13.56% to Rs 11.17 lakh crore.

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Bank of Baroda(BoB) Q4 PAT rises 3% YoY

On Tuesday, Bank of Baroda (BoB) said that its standalone net profit for Q4FY25 increased 3.3% year over year (YoY) to Rs 5,048 crore from Rs 4,886 crore during the same period the previous year. For FY2024–2025, the state-run banking has declared a dividend of Rs 8.35 per equity share.

 June 6, 2025, has been set by the BoB as the record date for dividend payments. During the January–March quarter, BoB's interest income increased by 3.6% to Rs 30,642 crore from Rs 29,583.40 crore during the same period last year. 

In the quarter under review, the second-largest PSU bank by market capitalization spent Rs 19,622.39 crore on interest, a 10% increase from Rs 17,790.57 crore in Q4FY24.

The state-run lender reported a 6.6% decline in net interest income (NII) for the March quarter, at Rs 11,020 crore compared to Rs 11,793 crore in the same period last year.

The operating profit saw a marginal uptick of 0.3%, standing at Rs 8,132 crore in Q4FY25, compared to Rs 8,106 crore in the year-ago period.

Bank of Baroda reported a 66-bps decline in its gross non-performing assets (GNPA) to 2.26% in Q4FY25, down from 2.92% in the same quarter last year. Net NPA (NNPA) stood at 0.58% in Q4FY25, down 10 bps from 0.68% in Q4FY24.

Total deposits in the reported quarter stood at Rs 14,72,035 crore, registering a growth of 10.3% over Rs 13,35,136 crore in the corresponding quarter of the previous financial year. Of this, domestic deposits grew 9.3% to Rs 12,42,169 crore, while international deposits rose 16% to Rs 2,29,866 crore at the end of the March quarter.

Segment-wise, in the retail segment, home loans grew 17.3% YoY to Rs 1,31,123 crore, while auto loans rose 20.3% to Rs 46,549 crore.

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State Bank of India(SBI) Q4 Net profit falls 10%

 On May 3, State Bank of India Ltd. (SBI), the biggest lender in the nation, reported a 10% decline in its fourth-quarter standalone net profit, coming in at Rs 18,643 crore. From January to March of 2023–2024, SBI made a profit of Rs 20,698 crore. For FY25, the board of the bank has announced a dividend of Rs 15.90 per equity share. In a regulatory statement, SBI stated that the overall revenues for the March quarter was Rs 1,43,876 crore, up from Rs 1,28,412 crore during the same period last year.

During the quarter, the bank earned an interest income of Rs 1,19,666 crore as against Rs 1,11,043 crore a year ago.

The lender saw an improvement in asset quality, with gross non-performing assets (NPAs) declining to 1.82% of the total advances in the fourth quarter from 2.24 % as at March-end 2024. Similarly, net NPAs eased to 0.47 per cent as against 0.57 per cent.

On a consolidated basis, SBI's net profit in the quarter fell 8 per cent to Rs 19,600 crore as against Rs 21,384 crore in the same period a year ago. Total income, however, increased to Rs 1,79,562 crore from Rs 1,64,914 crore.

Besides, the board has approved raising equity capital of up to Rs 25,000 crore (including share premium) in one or more tranches during 2025-26 through Qualified Institutional Placement (QIP)/ Follow on Public Offer (FPO) or any other mode.

SBI Chairman CS Setty said, "Though the Indian economy is less impacted by tariffs, the uncertainty over tariffs will impact the economy and investment scenario."

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Indian Bank Q4 Net profit jumps 32%

 

On Saturday, May 3, 2025, Indian Bank released the results for the January through March quarter. In the fourth quarter of the 2024–25 fiscal year, the institutional lender's standalone net profits increased by 32% to ₹2,956 crore, up from ₹2,247 crore in the same period the previous year. 

 In comparison to the same quarter in the previous fiscal year, when interest income was ₹14,624 crore, the PSU bank's interest income for the quarter increased by 8.4% to ₹15,856 crore. In the January to March quarter of the 2024–25 fiscal year, the bank's provisions for bad loans decreased 36% to ₹794.60 crore from ₹1,247.75 crore in the same quarter the previous year.

The gross NPA's also dropped to 3.09 per cent for the fourth quarter of the financial year ended 2024-25, compared to its level of 3.95 per ent in the same period a year ago. This marks an 86 basis point drop in bad loans.

The State-run Indian Bank announced a dividend issue along with its fourth-quarter results on May 3, 2025. The board of directors decided to grant all eligible shareholders a dividend of ₹16.25 per share.

This means all shareholders who qualify under the mentioned criteria will get the dividend issue from the PSU Bank for every share they own.

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Indian Overseas Bank(IOB) Q4 profit jumps 30%

 

On Friday, May 2, Indian Overseas Bank said that its standalone net profit for Q4FY25 increased by 30% year-over-year (YoY) to ₹1,051.07 crore, up from ₹808.10 crore in the same period the previous year. 

 In comparison to the same quarter last year, when it was ₹1,961.11 crore, the bank's operating profit before provisions and contingencies for the current quarter was ₹2,617.92 crore, a 33.5 percent increase. At ₹3,123 crore, Net Interest Income (NII) grew 13% year over year. 

 During the quarter, the bank's gross non-performing assets (NPA) decreased 21.3% year over year to ₹5,347.72 crore from ₹6,794.43 crore in Q4FY24.

Additionally, net NPA decreased by 25% year over year to ₹911.86 crore from ₹1,216.86 crore. In comparison to the same quarter previous year, when it was 0.57 percent, net non-performing assets (NPA) were 0.37 percent. 

 Compared to Rs 1,961 crore during the same period last year. With the gross-non-performing assets ratio dropping to 2.14% at the conclusion of the most recent fiscal year from 2.55% three months prior and 3.10% a year earlier, the bank's asset quality improved. 

 Supported by a nearly 30% increase in retail loans and a 34% growth in agri-loans, its gross advances increased 14.15% year over year to Rs 2.50 lakh crore.Total deposits rose 9.11% to Rs 3.12 lakh crore with the share of current and savings account deposits standing at 43.65%.

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UCO Bank Q4 Net profit jumps 24% YoY, Declare 39 paise dividend for FY25

With significant increase in business, profitability, and asset quality, UCO Bank has released a good set of financial results for the quarter and year that concluded on March 31, 2025. As of March 31, 2025, the bank's overall business rose 14.12% year over year to ₹5,13,527 crore. Gross advances increased 17.72% year over year to ₹2,19,985 crore, while total deposits increased 11.56% year over year to ₹2,93,542 crore. 

 Regarding profitability, UCO Bank recorded a net profit of ₹652 crore for the fourth quarter of FY2024–25, which is a noteworthy YoY growth of 23.98% over the ₹526 crore in the same time the previous year. The quarter's operating profit was ₹1,699 crore, up 33.48% year over year from ₹1,273 crore in Q4 of FY2023-24.

The bank also announced a dividend of 3.90% for FY2024-25, which equates to ₹0.39 per equity share.

The RAM (Retail, Agriculture, and MSME) sector performed well, growing by 25.74% year over year to reach ₹1,22,613 crore. In particular, robust demand for home loans and auto loans, which saw growths of 18.13% and 58.99%, respectively, supported retail advances, which increased by 35.09% YoY to ₹54,255 crore. 

 While MSME advances increased by 18.55% YoY, agriculture advances increased by 20.02% YoY. The bank stated that both the gross and net non-performing asset ratios had improved in terms of asset quality. As of March 31, 2025, net NPA improved to 0.50%, a decrease of 39 basis points YoY, while gross NPA was at 2.69%, a decrease of 77 basis points YoY. 96.69% was the Provision Coverage Ratio.

Regarding the bank's network, as of March 31, 2025, UCO Bank had a total of 3,302 domestic branches and two overseas branches in Hong Kong and Singapore, along with a representative office in Iran. 61% of the bank’s branches are in rural and semi-urban areas. Additionally, the bank operates 2,522 ATMs and 10,653 business correspondent points, totaling 16,480 touchpoints.

For the full fiscal year, UCO Bank reported a net profit of ₹2,445 crore, reflecting a 47.80% YoY increase from ₹1,654 crore in FY2023-24. Net Interest Income (NII) also showed strong growth, rising by 23.35% YoY to ₹2,698 crore for Q4 and 18.88% YoY to ₹9,630 crore for the full year.

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Central Bank of India Q4 Profit rises 28%

Central Bank of India reported a 28% year-on-year rise in net profit for the March quarter, coming in at ₹1,033.6 crore compared to ₹807.3 crore a year earlier.

Net interest income (NII) fell 4% year-on-year to ₹3,399 crore from ₹3,541 crore. However, total income, including interest and non-interest income, improved by 7.57% to ₹10,433 crore from ₹9,699 crore in the same period last year.

The lender’s asset quality strengthened notably. Gross non-performing assets (GNPAs) declined to 3.18% from 3.86% in the previous quarter, while net non-performing assets (NNPAs) improved to 0.55% from 0.59% sequentially.

Return on assets (ROA) improved to 0.90% for Q4FY25 compared to 0.76% a year ago, while return on equity (ROE) rose to 13.21% from 11.68% during the same period.

The bank continues to maintain a strong nationwide footprint with 20,915 touchpoints, including 4,545 branches—of which nearly 65% are located in rural and semi-urban areas—as well as 4,085 ATMs and 12,260 banking correspondent points.

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IDBI Bank Q4 Net Profit Up 26%

On Monday, IDBI Bank announced its financial results for the quarter and year ended March 31, 2025. The bank's Q4 2025 net profit increased by 26% to Rs 2,051 crore from Q4 2024's net profit of Rs 1,628 crore. In Q4 2025, IDBI Bank reported net interest income of Rs 3,290 crore, up from Rs 3,688 crore in Q4 2024. The bank's Return on Assets (ROA) climbed from 1.82% in Q4 2024 to 2.11% in Q4 2025, a 29 basis point rise. The cost of funds for IDBI Bank was 4.97% in Q4 2025 as opposed to 4.74% in Q4 2024, and the cost of deposits was 4.83% in Q4 2025 as opposed to 4.48% in Q4 2024.

According to IDBI Bank's FY25 report, its operating profit increased by 16% year over year to Rs 11,079 crore, while its net profit hit an all-time high of Rs 7,515 crore, with YoY growth of 33%. The bank's overall revenue in FY25 exceeded Rs 5 trillion. With a YoY gain of 33 basis points, Return on Equity (ROE) was at 20.15%, and Return on Assets (ROA) was at 1.98%.

While CASA climbed to Rs 1,44,479 crore and the CASA ratio was 46.56% as of March 31, 2025, IDBI Bank said that its total deposits had grown to Rs 3,10,294 crore as of March 31, 2025, from Rs 2,77,657 crore on March 31, 2024. The overall CASA and CASA ratio were at Rs 1,40,027 crore and 50.43%, respectively, as of March 31, 2024.

According to IDBI Bank, net advances climbed by 16% YoY to Rs 2,18,399 crore as of March 31, 2025, from Rs 1,88,621 as of the same period in 2024. The bank's net non-performing asset (NPA) ratio surged to 0.15% from 0.34% on March 31, 2024, while its gross non-performing asset (NPA) ratio improved to 2.98% from 4.53% on March 31, 2025. These improvements indicate a sound asset base. As of March 31, 2025, the bank's Provision Coverage Ratio (including Technical Write-Offs) increased from 99.09% on March 31, 2024, to 99.48%.

"We would like to inform that the Board of Directors have recommended a Dividend of Rs. 2.10 per Equity Share of face value of Rs. 10/- each of the Bank for the financial year ended March 31, 2025. The dividend on equity shares, will be paid/dispatched on or after the same is approved by the shareholders at the ensuing Annual General Meeting (AGM) of the Bank," said IDBI Bank in a stock exchange filing.

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IDFC FIRST Bank net profit decline 58% YoY

IDFC First Bank recorded a net profit for Q4 FY25 of Rs 304 crore, which was 58 percent less than the Rs 724 crore profit for Q4 FY24. The microfinance portfolio's increased provisions associated with stress were the main cause of the decline in profitability. Net profit for the entire fiscal year FY25 was Rs 1,525 crore, a 48.4% decrease from the previous year.

Retail deposits increased by 26.4 percent to Rs 1,91,268 crore, while customer deposits gained a strong 25.2 percent to Rs 2,42,543 crore. At Rs 1,18,237 crore, CASA deposits also showed a robust 24.8 percent year-over-year rise. At 46.9 percent, the CASA ratio held steady and was just slightly lower than 47.2 percent a year earlier.

At Rs 2,41,926 crore, the bank's total loans and advances increased by 20.4% year over year. While the microfinance portfolio shrank by 28.3%, retail, rural, and MSME loans increased 18.6% to Rs 1,97,568 crore.

 

In Q4 of FY25, Net Interest Income (NII) increased 9.8% year over year to Rs 4,907 crore. NII grew 17.3% year over year for the entire year. Due in significant part to the microfinance industry's collapse, the Net Interest Margin (NIM) on AUM decreased 9 basis points sequentially to 5.95 percent in Q4 FY25. The NIM for the entire year was 6.09 percent.

In Q4 of FY25, Fee and Other Income increased by 5.7% year over year to Rs 1,702 crore. The growth in Fee and Other Income for FY25 was 15.2 percent. In Q4, operating expenses increased by 12.2 percent to Rs 4,991 crore, while core operating income increased by 8.7 percent to Rs 6,609 crore. During the quarter, core operating profit was Rs 1,618 crore; for the entire year, it increased 17.2 percent to Rs 7,069 crore. 

Despite sectoral constraints, asset quality metrics stayed consistent. Net non-performing assets (NPA) climbed by 1 basis point to 0.53 percent, while gross non-performing assets (GNPA) improved by 7 basis points sequentially to 1.87 percent. With the microfinance portfolio excluded, the retail, rural, and MSME book's gross non-performing assets (NPA) increased to 1.40%.

At 72.3%, the Provision Coverage Ratio (PCR) was in good health.  For FY25, the total provisions were Rs 5,515 crore, or 2.46 percent of the loan book.  The adjusted credit cost for the year, excluding microfinance and one toll account, was 1.76 percent; in Q4, it improved 9 basis points from the previous quarter to 1.73 percent. In Q4 of FY25, the bank's gross slippages were Rs 2,175 crore, somewhat less than the Rs 2,192 crore in Q3.

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Axis Bank Q4 Net profit marginally declines

Axis Bank on April 24 reported a standalone net profit of Rs 7,118 crore in Q4FY25, marginally lower than Rs 7,130 crore in the corresponding quarter last year. However, the private lender beat estimates due to higher core lending income.The Mumbai-based lender's total income rose 6 percent to Rs 38,022 crore in Q4FY25 as against Rs 35,990 crore in Q4FY24.

According to Moneycontrol's poll, Axis Bank’s profit-after-tax (PAT) was pegged 6% year-on-year lower at Rs 6,710 crore.The lender declared dividend of Re 1 for the year ended March 31, 2025.

The private lender’s standalone interest earned rose 6.9 percent year‑on‑year to Rs 31,242.51 crore in Q4 FY25, up from Rs 29,224.54 crore in Q4 FY24, driven by a 5.3 percent growth in interest on advances to Rs 24,579.59 crore and a 14.1 percent jump in investment income to Rs 6,095 crore.

Consolidated interest earned climbed 7.4 percent to Rs 32,452.32, with advances income up to Rs 25,709.Standalone total income (net interest income plus other income) grew 5.7 percent to Rs 38,022.03, aided by a 0.2 percent uptick in other income to Rs 6,779.52.

Operating expenses rose more modestly with standalone operating expenses increased 5.6 percent to Rs 9,837.69 crore, while consolidated operating expenses increased 4.6 percent to Rs 10,392.28 crore.

Consequently, standalone operating profit (before provisions) edged up 2 percent to Rs 10,752.37 crore, and consolidated operating profit rose 2.1 percent to Rs 11,445.05 crore.Net interest income - the difference between interest earned on loans and paid on deposits - rose 5.5% to Rs 13,811 crore.

Provisions and contingencies, or funds kept aside for potential bad loans, rose 14% year-on-year to Rs 1,359 crore, but fell 37% from a quarter ago.Gross non‑performing assets (NPAs) fell to 1.28 percent of advances from 1.43 percent a year earlier; net NPAs were down to 0.33 percent from 0.35 percent.

Consolidated net provisions similarly eased to Rs 1,550.28 crore from Rs 2,239.98 crore.For the full year FY25, standalone net profit grew 6.1 percent to Rs 26,373.48 crore, on total income of Rs 1,47,934.10 crore and operating profit of Rs 42,104.93 crore.

Consolidated net profit for FY25 was Rs 28,055.11 crore, up 6.3% from FY24’s Rs 26,386.20 crore, on total income of Rs 1,55,916.86 crore and operating profit of Rs 44,888.51 crore.Axis Bank maintained a strong capital adequacy ratio of 17.07 percent (Basel III) and a return on assets of 1.74 percent for the full year.Earnings per share (EPS) for FY25 stood at Rs 85.28 (basic, standalone), compared to Rs 80.67 in FY24.

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Bank of Maharashtra Q4 Net profit rises 23%

Bank of Maharashtra announced a standalone net profit for the fourth quarter of FY25 of Rs 1,493.08 crore on April 25 which is up 22.6 percent from Rs 1,217.67 crore in the same period the previous year. According to the company's investor presentation, the expansion was bolstered by robust interest revenue, well-managed expenditures, and reduced provisioning requirements.

Bank of Maharashtra's net profit for FY25 increased by 36% to Rs 5,519.79 crore from Rs 4,055.03 crore for FY24. While full-year income jumped to Rs 28,401.62 crore from Rs 23,492.56 crore, the quarter's total income increased to Rs 7,711.44 crore from Rs 6,488.25 crore.

The total amount of interest earned in Q4 was Rs 6,730.78 crore. Operating profit rose to Rs 2,519.74 crore in the quarter, compared to Rs 2,209.62 crore in Q4FY24. The operating profit for the entire year was Rs 9,319.03 crore, up from Rs 8,005.34 crore the year before.

The entire amount spent (not including provisions) was Rs 19,082.59 crore for the year and Rs 5,191.70 crore for the quarter. In FY25, other operational expenses totaled Rs 2,358.48 crore, while personnel costs made up Rs 3,442.23 crore.

For the March quarter, provisions (not including taxes) were Rs 983.25 crore, a slight increase above Rs 942.30 crore in the same period last year. Provisions for the entire year decreased marginally from Rs 3,645.87 crore in FY24 to Rs 3,596.55 crore. In FY25, non-performing asset provisioning increased from Rs 2,174.27 crore to Rs 2,417.32 crore.

With regard to asset quality, the bank reported a capital adequacy ratio (CRAR) of 20.53 percent, up from 17.38 percent in FY24; the common equity tier 1 ratio improved to 15.83 percent from 12.50 percent, while additional tier 1 capital stood at 1.03 percent; the bank's net worth increased to Rs 25,880.52 crore from Rs 17,177.58 crore a year earlier; and the gross non-performing asset (GNPA) ratio improved to 1.74 percent as of March 31, 2025, from 1.88 percent a year ago and 1.80 percent in the previous quarter.

The bank’s net worth rose to Rs 25,880.52 crore from Rs 17,177.58 crore a year earlier.Return on assets (non-annualised) improved to 1.75 percent for the year, up from 1.50 percent in FY24. Net profit margin stood at 19.43 percent, while operating margin was 32.81 percent. The board has proposed a final dividend of 15 percent, or Rs 1.50 per share, subject to shareholder approval.

As of March 31, 2025, total deposits stood at Rs 3,07,142.60 crore, up from Rs 2,70,747.17 crore a year earlier. Advances rose to Rs 2,36,083.80 crore from Rs 2,00,239.88 crore in the same period.

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Tentative date of results of Major PSU & Private Banks for Q4FY25

 

Bank	Result Date
Bank of Baroda (BOB)	06th May
Bank of India(BOI)	09th May
Bank of Maharashtra(BOM)	25th April
Canara Bank	08th May
Central Bank of India	28th April
Indian Bank	03rd May
Indian Overseas Bank(IOB)	02nd May
Punjab & Sind Bank	29th April
Punjab National Bank(PNB)	8th May
State Bank of India(SBI)	03rd May
UCO Bank	28th April
Union Bank of India	9th May
Axis Bank	24th April
HDFC Bank	19th April
ICICI Bank	19th April
Kotak Mahindra Bank	03rd May
Indusind Bank
IDBI Bank	28th April
IDFC First Bank	26th April
Yes Bank	19th April

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HDFC Bank Q4 Net profit up 7% YoY

India’s largest private sector lender HDFC Bank reported its financial results for the fourth quarter of FY25, posting a 6.7 percent year-on-year rise in standalone net profit to Rs 17,616 crore. The earnings surpassed Street expectations, with analysts projecting a net profit of Rs 17,072 crore, according to a Moneycontrol poll. On a sequential basis, net profit rose by 5.3 percent.

HDFC Bank said its board has recommended a dividend of Rs 22 per share of face value of Rs 1 each for the financial year 2024-25. 

Gross non-performing asset (NPA) ratio of the bank shrunk to 1.33 percent as on March 31, 2025, as compared to 1.42 percent as on December 31, 2024. However, it expanded from 1.24 percent a year ago, showed the stock exchange filings.

Similarly, Net NPA ratio of the bank stood at 0.43 percent in the reporting quarter, as compared to 0.46 percent in a quarter ago period and 0.33 percent previous year.

In absolute terms, gross NPAs fell to Rs 35,222.64 crore as of March 31, 2025, as compared to Rs 36,018.58 crore as on December 31, 2024. It rose from Rs 31,173.32 crore as on March 31, 2024.

Even though the asset quality of the bank has deteriorated, provisions and contingencies for the quarter ended March 31, 2025 stood at Rs 3,190 crore , as as against Rs 13,510 crore for the quarter ended March 31, 2024, according to the release.

Net interest income (interest earned less interest expended) for the quarter ended March 31, 2025 grew by 10.3 percent to Rs 32,070 crore from Rs 29,080 crore for the quarter ended March 31, 2024, release said.

Net interest income of the bank in a quarter ago period stood at Rs 30,650 crore.

Net interest margin was at 3.54 percent on total assets, and 3.73 percent based on interest earning assets. Excluding Rs 700 crore of interest on income tax refund, core net interest margin was at 3.46 percent on total assets, and 3.65 percent based on interest earning assets, release said.

Other income (non-interest revenue) for the quarter ended March 31, 2025 was Rs 12,030 crore. The four components of other income for the reporting quarter were fees & commissions of Rs 8,530 crore, foreign exchange & derivatives revenue of Rs 1440 crore, net trading and mark to market gain of Rs 390 crore and miscellaneous income, including recoveries and dividend of Rs 1,670 crore.

The Bank’s average deposits were grew 15.8 percent on-year to Rs 25.28 lakh crore in January-March quarter. In a year ago period, average deposit of the bank stood at Rs 21.84 lakh crore, and in a quarter ago period it stood at Rs 24.53 lakh crore. On a sequential basis, average deposit of the bank grew just 3.1 percent.

The Bank’s average CASA deposits were Rs 8.3 lakh crore for the March 2025 quarter, a growth of 5.7 percent over Rs 7.85 lakh crore for the March 2024 quarter, and 1.4 percent over Rs 8.18 lakh crore for the December 2024 quarter, release said.

CASA deposits grew by 3.9 percent with savings account deposits at Rs 6.31 lakh crore and current account deposits at Rs 3.14 lakh crore. Time deposits were at Rs 17.70 lakh crore, an increase of 20.3 percent over the corresponding quarter of the previous year, resulting in CASA deposits comprising 34.8 percent of total deposits as of March 31, 2025.

Gross advances were at Rs 26.44 lakh crore as of March 31, 2025, an increase of 5.4 percent over March 31, 2024. Advances under management grew by 7.7 percent over March 31, 2024.

Retail loans grew by 9.0 percent, commercial and rural banking loans grew by 12.8 percent and corporate and other wholesale loans were lower by 3.6 percent. Overseas advances constituted 1.7 percent of total advances.

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