State Bank of India (SBI) Q3 net profit jumps 24%

State Bank of India (SBI) reported a 24% year-on-year record (all-time high) standalone net profit of Rs 21,028 crore for the December quarter of FY26, reflecting steady growth in core income and recovery trends.

On a consolidated basis, the state-owned lender posted a 13.06 per cent rise in profit to Rs 21,317 crore during the quarter, according to a regulatory filing, PTI reported.

The bank’s standalone net interest income (NII) rose 9.04 per cent year-on-year to Rs 45,190 crore from Rs 41,446 crore in the corresponding period last year. The growth was supported by 15.14 per cent loan expansion, even as domestic net interest margin saw a marginal compression of 0.03 per cent to 3.12 per cent.

Non-interest income increased 15.65 per cent to Rs 8,404 crore during the quarter. Meanwhile, total expenses rose to Rs 1,08,052 crore compared with Rs 1,04,917 crore in Q3 FY25. The bank’s net interest margin (NIM) stood at 2.99% in Q3FY26, while domestic NIM was 3.12%. For the nine months ended December 2025, domestic NIM was recorded at 3.08%.

Deposit growth stood at 9.02 per cent during the October–December period.Fresh slippages were reported at Rs 4,458 crore, higher than Rs 3,823 crore in the year-ago period.

On asset quality, the gross non-performing assets (GNPA) ratio improved to 1.57 per cent as of December 31, 2025, compared with 1.73 per cent at the end of September. Total provisions rose to Rs 4,507 crore against Rs 911 crore in the year-ago period.

Provision coverage ratio (PCR), including AUCA, stood at 92.37%, while PCR excluding AUCA was 75.54%. The slippage ratio remained contained at 0.40%, and credit cost stood at 0.29%, as per ET report. On the balance sheet front, SBI’s total business crossed Rs 103 lakh crore. Deposits exceeded Rs 57 lakh crore, while advances crossed Rs 46 lakh crore.

The bank’s overall capital adequacy ratio stood at 14.04 per cent as of December 31, 2025, with core capital buffer at 10.99 per cent.

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Bank of Baroda Q3 Results: Profit rises

State-run lender Bank of Baroda posted a stable set of numbers for the December quarter, marked by modest profit growth, resilient asset quality metrics and loan book expansion that came in above management guidance.

Net profit rose 4.5% year-on-year to Rs.5,054 crore, compared with Rs.4,837 crore in the same quarter last year. Net interest income remained largely flat at Rs.11,800 crore, up marginally from Rs.11,786 crore a year ago.

Asset quality continued to improve, with gross non-performing assets easing to 2.04% from 2.16% sequentially. Net NPA stood unchanged at 0.57% quarter-on-quarter.

Collection efficiency, excluding agriculture, remained strong at 98.63% as of December 2025. Provision coverage ratio under NCLT accounts was reported at a healthy 99.66%.Segment-wise asset quality remained comfortable, with gross NPA ratios at 1.19% for housing loans (ex-pool), 1.75% for auto loans (ex-pool), 4.42% for personal loans and 0.56% for retail gold loans.

The bank’s loan book grew 14.6% year-on-year to Rs.13.43 lakh crore, exceeding management’s guidance of 11–13% growth. Sequentially, advances rose 5.1%. Domestic advances increased 13.54% year-on-year to ₹10.95 lakh crore. Deposits also grew 10.3% year-on-year to Rs.15.46 lakh crore during the quarter.

Bank of Baroda continued to exceed regulatory norms under priority sector lending, with total priority sector advances at 40.45% of adjusted net bank credit. Agriculture, small and marginal farmers, weaker sections and micro enterprises lending all stood above mandated thresholds.

The bank’s card business also showed steady traction. Active BOB Cards increased to 30.68 lakh as of December 31, 2025, while card spends for the first nine months of FY26 rose 17.3% year-on-year to Rs.31,101 crore.

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IDFC First Bank Q3 Net profit jumps 48% YoY

IDFC First Bank announced its October to December quarter results for the financial year ending 2025-26 on Saturday, 31 January 2026. The company recorded a 48% rise in its standalone net profits to Rs.502 crore, compared to Rs.339 crore in the same quarter of the previous financial year.

company's interest income rose 11% to Rs.10,417 crore for the October to December quarter of the fiscal year ending 2025-26, compared to Rs.9,343 crore in the same period a year ago.IDFC First Bank's income from other operations witnessed a 19% increase to Rs.2,125 crore in the third quarter, compared to Rs.1,779 crore in the same period a year ago.

The institutional lender's total expenses for the October to December quarter witnessed a 12% rise to Rs.10,508 crore, compared to Rs.9,363 crore in the same period of the previous financial year, according to the standalone statements.IDFC First Bank's non-performing assets portion witnessed a 25 basis point fall to 1.69% in the October to December quarter, compared to 1.94% of the same period of the previous financial year, according to the company's stock exchange filings.

Although the overall gross NPA dropped, the net NPA rose 1 basis point to 0.53%, compared to 0.52% in the same period of the previous quarter, the filings showed.The company's retail banking segment, along with the wholesale banking and treasury operations, contributed the most to the rising income for the quarter.

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Canara Bank Q3 results: Net profit up 25.6%

Canara Bank reported a 25.6 per cent year-on-year (Y-o-Y) rise in its net profit to Rs.5,155 crore for the third quarter of the current financial year (Q3 FY26) on the back of a rise in its non-interest income.

 

The state-owned lender’s non-interest income rose 36.16 per cent Y-o-Y to Rs7,900 crore in Q3 FY26. Canara Bank shares slipped 4.75 per cent to Rs.150.30 per share on Thursday as net interest income growth was flat.

 

Net interest income (NII) — the difference between interest earned and interest expended — went up 1.13 per cent to Rs.9,252 crore. Net interest margin for Q3 fell to 2.45 per cent as compared to 2.71 per cent in the year-ago period.

“The pressure on the NIM continues. To curb the pressure, the bank is focusing on RAM and low-yielding corporate advances. The bank is following a shift from retail to corporates and to RAM to improve margins,” said SK Majumdar, executive director, Canara Bank, during the post-earnings call with the media.

 

Canara Bank reported a 13.6 per cent growth in its global advances to Rs.11.92 trillion, while global deposits were up 12.95 per cent year-on-year to Rs.15.21 trillion.The bank said both loan growth and deposit growth were higher than the guided range provided earlier.

In total advances, RAM (retail, agri and MSME) advances rose 18.7 per cent and advances to corporates rose almost 7 per cent. The bank expects credit growth of 13.5 per cent and deposit growth of 12.95 per cent for the current financial year.

 

The public sector lender reported 9.32 per cent year-on-year growth in current account and savings account (CASA), while it fell 3.7 per cent sequentially. The bank’s credit-to-deposit ratio for the quarter was at 78.38 per cent.

 

Asset quality for the lender saw improvement from the previous quarter. Gross non-performing assets stood at 2.08 per cent from 2.35 per cent in September, and 3.34 per cent a year ago.

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Axis Bank Q3 net profit rises 3%

Axis Bank reported a 3% rise in its standalone net profit for the quarter ended December 2025, reaching Rs.6,490 crore compared to Rs.6,304 crore from the same period last year.

The private sector bank's Net Interest Income (NII) for Q3FY26 was Rs.14,287 crore, reflecting a 5% year-on-year (YoY) increase and a 4% quarter-on-quarter (QoQ) rise, while its Net Interest Margin (NIM) for Q3FY26 was recorded at 3.64%.

In Q3FY26, the private bank generated an interest income of Rs.32,274 crore, which is 4.3% higher than the Rs.30,954 crore reported in the corresponding period of the previous financial year.

The company's profit after tax (PAT) experienced a 27% growth on a sequential basis, increasing from Rs.5,090 crore in Q2FY26.

Net Interest Income for the first nine months of FY26 reached Rs.41,591 crores, reflecting a 3% increase compared to the previous year. Fee income increased by 11% year-over-year to Rs.17,883 crores.

The operating profit for the first nine months of FY26 rose by 5% to Rs.32,803 crores, up from Rs.31,353 crores in the same period of FY25. Core operating profit also saw a 5% growth to Rs.30,824 crores, compared to Rs.29,341 crores in FY25.

Total provisions for the first nine months of FY26 amounted to Rs.9,741 crores. Net profit for FY26's first nine months was Rs.17,385 crores, representing a 10% decline from the previous year.

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IndusInd Bank Q3 Net profit plunges 89% YoY

Private lender IndusInd Bank on January 23 said its standalone net profit fell 89% in the December quarter to Rs 161 crore.The lender reported net profit of Rs 1,401 crore a year ago. However, the lender posted a profit on sequential basis due to drop in provisions as the lender reported Rs 445-crore loss in the second quarter of FY26.

Net interest income — the difference between interest earned on advances and interest paid on deposits — climbed 3% quarter on quarter but fell 13% year-on-year to Rs 4,562 crore.

Rajiv Anand, the MD and CEO, IndusInd Bank said: "During Q3FY26, the Bank continued focus on optimisation of its balance sheet by letting go unprofitable loans and deposits along with being cautious on microfinance disbursements. The operating performance was steady with Pre-Provision Operating Profit at Rs 2,270 crore growing 11% QoQ. Our asset quality trends have been stable in all core businesses except in microfinance wherein industry is now showing early signs of recovery. Overall, the Bank has returned to profitability with a Profit After Tax of Rs 128 crore. The Balance sheet remains robust with a healthy capital adequacy, excess liquidity and reducing stressed asset pool. We are optimistic about resilient domestic economy and aim to participate in the growth recovery in a calibrated manner."

"The Provision Coverage Ratio improved at 71.5% as on December 31, 2025. Provisions and contingencies for the quarter ended December 31, 2025, were Rs 2,096 crores as compared to Rs 1,744 crores for the corresponding quarter of previous year. Total loan related provisions as on December 31, 2025, were at Rs 10,027 crore (3.16% of loan book)," said the lender in a stock exchange filing.

The lender's net interest margin was 3.52% in Q3FY26 as against 3.32% a quarter ago.Earlier in the day, the lender said its chairman Sunil Mehta will step down when his term ends in January, and named former State Bank of India Managing Director Arijit Basu as his successor.

For the quarter ended December, IndusInd's provisions and contingencies fell 20% from the previous quarter to Rs 2,089 crore. In the September quarter, the bank raised provisions for its microloan portfolio, resulting in a loss of Rs 445 crore.

The bank's loan book shrank 13.1% as of December-end from a year earlier, while deposits declined 3.8%, it said earlier this month.The bank has seen its top leadership change over the last year, amid concerns over governance and accounting lapses, which led to the exit of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana.

IndusInd took a Rs 2,100-crore hit to its accounts and posted its largest-ever loss in the March quarter. It swung back to profitability in the June quarter, and veteran banker Rajiv Anand assumed charge as chief executive at the end of August.

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Kotak Mahindra Bank Q3 result: Profit rises 4%

Private sector lender Kotak Mahindra Bank on Saturday reported a 4 percent increase in standalone net profit at Rs 3,446 crore for the third quarter ended December 2025.The Mumbai-based bank had earned a net profit of Rs 3,305 crore in the year-ago period.

The bank missed analyst estimates, as the analysts had expected a profit of 35.72 billion rupees, according to data compiled by LSEG.Total income rose to Rs 16,741 crore during the quarter under review from Rs 16,050 crore in the same period last year, Kotak Mahindra Bank said in an exchange filing.

The bank's interest income also grew to Rs 13,903 crore, as against Rs 13,428 crore a year ago.Net Interest Income (NII) in Q3FY26 increased to Rs 7,565 crore from Rs 7,196 crore a year ago.However, Net Interest Margin (NIM) declined to 4.54 per cent from 4.93 per cent in the third quarter of the previous financial year.

As regards asset quality, gross non-performing asset (NPA) ratio moderated to 1.30 per cent as on December 31, 2025, from 1.50 per cent a year ago. Net NPA also eased to 0.31 per cent from 0.41 per cent at the end of December 2024.owever, provisions rose to Rs 810 crore in the December quarter from Rs 794 crore in the same quarter of the last fiscal year.

During the quarter, the bank's capital adequacy ratio moderated a bit to 22.63 per cent, as compared to 22.79 per cent at the end of December 2024.On the consolidated basis, Kotak Mahindra Bank profit rose by 5 per cent to Rs 4,924 crore as compared to Rs 4,701 per cent in Q3-FY2025.

Q3FY26 consolidated profit includes estimated incremental cost of Rs 98 crore (post tax) pursuant to new Labour Code.Total Customer Assets Under Management as at December 31, 2025 grew to Rs 7,87,950 crore from Rs 6,85,134 crore a year ago.

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Indian Bank Q3 net profit rises 7%

The state-owned lender Indian Bank posted a net profit of Rs.3,061.48 crore for the third quarter of FY26 on Thursday, up 7.3% from Rs.2,852.36 crore during the same period last year.

In Q3FY26, the PSU bank's Net Interest Income (NII) climbed 7.5% year over year (YoY) to Rs.6,895 crore from Rs.6,414 crore.

Pre-Provisions Operating Profit (PPOP) during the December quarter rose 5.77% to Rs.5,023.58 crore from Rs.4,749.42 crore, YoY.

Provisions and contingencies of Indian Bank in Q3 declined to Rs.857.02 crore from Rs.738.60 QoQ, and from Rs.1,059.13, YoY. Provision Coverage Ratio improved by 19 bps YoY to 98.28% in December 2025 from 98.09%, YoY.

Asset quality of Indian Bank improved sequentially in the quarter ended December 2025. Gross Non-Performing Assets (NPA) ratio in Q3FY26 declined to year 2025 from 0.79% in September 2025, and from 0.78% in December 2024.

Capita Adequacy Ratio of the PSU lender improved by 66 bps to 16.58%. CET-I improved by 127 bps YoY to 14.54%, Tier I Capital improved by 77 bps YoY to 14.54% in December 2025.

Gross Advances increased by 14.24% YoY to Rs.6,38,848 crore in December 2025 from ₹5,59,199 crore in December 2024.

Total deposits of the bank increased by 12.62% YoY and reached Rs.7,90,923 crore in December 2025 as against Rs.7,02,282 crore, YoY. Current, Savings and CASA deposits grew by 19.13%, 8.45%, and 9.86%, YoY respectively. Domestic CASA ratio stood at 39.08% as on 31 December 2025. CD ratio stood at 80.77%.

Indian Bank has 5,965 domestic branches, out of which 2,001 are Rural, 1,592 are Semi-Urban, 1,191 are Urban and 1,181 are in Metro category. The PSU bank has 3 overseas branches and 1 IBU (Gift City Branch). The bank has 5,624 ATMs and BNAs and 16,247 number of Business Correspondents (BCs).

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Bank of India(BOI) Q3 Net profit up 8%

State-run Bank of India on Wednesday (January 21) reported a 7.5% year-on-year increase in net profit for the third quarter, with profit rising to ₹2,705 crore compared with ₹2,516.7 crore in the corresponding quarter last year.

Net interest income for the quarter grew 6.5% year-on-year to ₹6,462.6 crore, up from ₹6,070.3 crore in the same period a year ago. Gross non-performing assets declined to 2.26% from 2.54% in the previous quarter, while net non-performing assets eased to 0.60% from 0.65% sequentially.

Bank of India’s global advances grew 13.63% year-on-year, with domestic advances rising 15.16% YoY. The bank’s total global business crossed the ₹16 lakh crore milestone. Overseas advances increased 5.70% YoY.

On the domestic front, retail advances grew 20.64% YoY, agriculture advances rose 16.69% YoY, MSME advances increased 15.77% YoY, and corporate advances grew 11.32% YoY. The proportion of retail, agriculture, and MSME (RAM) advances in total advances increased to 58.54%.

Deposits for the bank grew 11.64% YoY, with domestic deposits up 12.80% YoY. CASA deposits rose 4.48% YoY, resulting in a CASA ratio of 37.97% as of 31st December 2025.

On the profitability front, operating profit for 9M-FY26 rose 4% YoY to ₹12,023 crore, while Q3FY26 operating profit increased 13% YoY to ₹4,193 crore. Net profit for 9M-FY26 was ₹7,511 crore, up 14% YoY.

Net interest income (NII) for 9M-FY26 stood at ₹18,442 crore. Non-interest income grew 20% YoY for 9M-FY26 to ₹6,665 crore, and 30% YoY for Q3FY26 to ₹2,279 crore. Net interest margin (NIM) for 9M-FY26 was 2.51% globally and 2.76% domestically, while Q3FY26 NIM improved to 2.57% globally and 2.80% domestically. Return on assets (ROA) and return on equity (ROE) for 9M-FY26 were 0.90% and 14.49%, respectively, rising to 0.96% and 15.34% in Q3FY26.

Asset quality improved, with gross NPA ratio at 2.26%, down 143 basis points YoY, and net NPA at 0.60%, improved by 25 bps YoY. The provision coverage ratio (PCR) increased 112 bps YoY to 93.60%.

Slippage ratio for 9M-FY26 improved 36 bps YoY to 0.64%, while Q3FY26 slippage ratio was 0.16%, up 3 bps YoY. Credit cost for 9M-FY26 improved 30 bps YoY to 0.42%, and for Q3FY26 improved 5 bps YoY to 0.34%. On the capital front, Bank of India’s capital adequacy ratio stood at 17.09% as of December 31, 2025.

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Punjab National Bank(PNB) Q3 Profit rises 13% YoY

State-owned lender Punjab National Bank (PNB) on January 19 reported a 13.13 percent rise in its profit after tax (PAT) to Rs 5,100.15 crore in the third quarter of the current financial year, from Rs 4,508.21 crore in the year-ago period. On a sequential basis, net profit rose 4 percent.

Gross non-performing asset (NPA) ratio of the bank improved to 3.19 percent as on December 31, 2025, from 3.45 percent as on September 30, 2025, and 4.09 percent as on December 31, 2025. Net NPA ratio improved to 0.32 percent in Q3FY26, from 0.36 percent in Q2FY26, and 0.41 percent in Q3FY25.

In absolute terms, gross NPA of the bank stood at Rs 39,314.21 crore in Q3FY26, as compared to Rs 40,343.33 crore in Q2FY26, and Rs 45,413.98 crore in Q3FY25. Net NPA of the bank improved to Rs 3,833.70 crore in Q3FY26, from Rs 4,025.75 crore in Q2FY26, and Rs 4,437.43 crore in Q3FY25.

Provision Coverage Ratio improved by 22 bps on year-on-year basis to 96.99 percent as on December 31, 2025 from 96.77 percent as on December, 31, 2024

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UCO Bank Q3 net profit rises 15.8%

UCO Bank announced the financial results for the quarter ended on December 31, 2025 on Saturday, January 17. The lender reported a 15.76% year-on-year increase in net profit for the December quarter to ₹739.51 crore, compared to ₹638.83 crore in the corresponding period a year ago.

The lender’s total income for the December quarter rose to ₹7,521.16 crore, up from ₹7,405.89 crore in the year-ago period, while interest earned rose to ₹6,651.84 crore as against ₹6,219.96 crore, according to the exchange filing.

UCO Bank, headquartered in Kolkata, reported an operating profit increase of 5.96% to ₹1,680.24 crore in October-December, up from ₹1,585.69 crore in the same period last year.

Meanwhile, provisions and contingencies dropped to ₹525.12 crore in the quarter ending December, down from ₹589.51 crore, it stated.

UCO Bank showed progress in asset quality, with gross non-performing assets (NPA) decreasing to 2.41% as of December 31, down from 2.91% last year. The gross NPAs amounted to ₹5,867.25 crore, compared to ₹6,081.55 crore during the same period last year.

Net NPAs also improved, dropping to 0.36% at ₹852.55 crore from 0.63% at ₹1,283.13 crore.

The lender's capital adequacy ratio was 17.43 per cent as of December 31, improving from 16.25 per cent reported in the corresponding period of the previous year.

As of December 31, 2025, UCO Bank had a total of 3,327 domestic branches, along with 2 overseas branches in Hong Kong and Singapore, and one Representative Office in Iran. Approximately 61.25% of domestic branches are located in rural and semi-urban areas.

UCO Bank's operating profit rose by 11.92% to ₹4,856 crore as on December 31 2025, on a Y-o-Y basis, as against ₹4,339 Crore for the same period the previous year. The lender's net profit rose by 9.70% to ₹1967 crore for the period under review, on a Y-o-Y basis, against ₹1793 crore for the nine months ended December 31, 2024.

Net interest income (NII) grew by 9.38% on a year-over-year (Y-o-Y) basis to ₹7,582 crore for the nine months ended on December 31, 2024, as against ₹6,932 crore for the corresponding period previous year.

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IDBI Bank Q3 Net profit at ₹1,935 crore

 

On Saturday, January 17, IDBI Bank Ltd. released its third-quarter earnings. From ₹1,908.3 crore the year before, its net profit rose 1.4% to ₹1,935.5 crore. In the third quarter of last year, the lender's net interest income (NII) was ₹4,228.2 crore, a 24% decrease from ₹4,209.5 crore. 

Net non-performing assets (NPA) of IDBI Bank decreased to ₹425.3 crore from ₹474.2 crore in the preceding quarter.Its net non-performing assets (NPA) margin decreased from 0.21% in the preceding quarter to 0.18%. 

Its gross non-performing assets (NPA) rose to ₹6,281 crore from ₹6,242 crore during the second quarter. The gross non-performing asset (NPA) of the lender decreased sequentially from 2.65% to 2.57%.

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ICICI Bank Q3 net profit falls 4 percent on-year

Despite stable core operating performance and better asset quality, ICICI Bank reported on Saturday a 4% year-over-year fall in standalone net profit for the fiscal third quarter due to a significant increase in provisions. 

For the quarter ending December 31, 2025 (Q3 FY26), the nation's second-largest private sector lender reported a standalone net profit of Rs 11,317.9 crore, up from Rs 11,792.4 crore in the same quarter the previous year. 

Net interest margin was 4.30 percent in Q3 FY26, up from 4.25 percent in the same period last year and 4.30 percent in Q2 FY26, while net interest income (NII) grew 7.7 percent year over year to Rs 21,932 crore from Rs 20,371 crore in Q3 FY25.

Operating expenses rose 13.2 percent year-on-year to Rs 11,944 crore from Rs 10,552 crore. The bank said this included Rs 145 crore of provisions on an estimated basis pursuant to the new Labour Codes. Treasury movements also weighed on the quarter, with the bank reporting a treasury loss of Rs 157 crore, compared with a gain of Rs 371 crore in Q3 FY25.

Core operating profit grew 6.0 percent year-on-year to Rs 17,513 crore in Q3 FY26, reflecting steady growth in net interest income and fee income.

Asset quality improved slightly, with the gross NPA ratio at 1.53 percent as of December 31, 2025, compared with 1.58 percent at September 30, 2025 and 1.96 percent a year earlier. The Gross NPAs fell to Rs 23,758 crore from Rs 27,745 crore a year ago.

The net NPA ratio stood at 0.37 percent at December 31, 2025, versus 0.39 percent at September 30, 2025 and 0.42 percent at December 31, 2024.

Provisions (excluding provision for tax) rose to Rs 2,556 crore in Q3 FY26 from Rs 1,227 crore in Q3 FY25. The bank said this included an additional standard asset provision of Rs 1,283 crore, made pursuant to the Reserve Bank of India’s annual supervisory review, in respect of a portfolio of agricultural priority sector credit facilities where the terms were found not to be fully compliant with regulatory requirements for classification as agricultural priority sector lending.

The domestic loan portfolio grew 11.5 percent year-on-year to Rs 14.31 lakh crore at December 31, 2025. Including profits for the nine months ended December 31, 2025, the bank said total capital adequacy ratio was 17.34 percent and CET-1 ratio was 16.46 percent on a standalone basis at December 31, 2025.

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HDFC Bank Q3 net profit rises 11.5% YoY

Despite some pressure on margins, HDFC Bank announced an 11.5 percent year-over-year increase in standalone net profit for the fiscal third quarter on Saturday. This increase was bolstered by consistent growth in core earnings, good deposit accretion, and stable asset quality. 

For the quarter ending December 31, 2025, the nation's biggest private sector lender reported a profit after tax of Rs 18,654 crore, up from Rs 16,736 crore during the same period the previous year. The core income parameter of HDFC Bank, net interest income (NII), rose 6.4% to Rs 32,620 crore in Q3 FY26 from Rs 30,650 crore in the same quarter last year. During the quarter, the core net interest margin was 3.51 percent on interest-earning assets and 3.35 percent on total assets.

Throughout the period, asset quality did not change. As of December 31, 2025, gross non-performing assets (GNPA) was Rs 35,179 crore, up from Rs 36,019 crore the previous year. 

From 1.42 percent during the same time last year, the gross non-performing asset (NPA) ratio decreased to 1.24 percent. The net NPA ratio decreased to 0.42 percent from 0.46 percent, while net NPAs fell to Rs 11,982 crore from Rs 11,588 crore in the previous year.

The quarter's operating costs came to Rs 18,770 crore. Operating costs were Rs 17,970 crore, up from Rs 17,110 crore during the same period last year, excluding a projected Rs 800 crore impact from employee benefits under the New Labour Code. During the quarter, the bank's core cost-to-income ratio was 39.2%. 

For the quarter, provisions and contingencies were Rs 2,840 crore, a decrease of more than 10% from the same period last year. The release of Rs 1,040 crore in contingent provisions, which were mostly connected to a sizable borrower group fulfilling certain requirements, assisted with this. The December quarter's overall credit cost ratio, excluding this release, was 0.55 percent.

On the balance sheet, HDFC Bank’s total size expanded to Rs 40.89 lakh crore as of December 31, 2025, compared with Rs 37.59 lakh crore a year earlier. End-of-period deposits stood at Rs 28.6 lakh crore, up 11.6 percent from a year earlier. CASA deposits increased 10.1 percent to Rs 9.61 lakh crore, comprising 33.6 percent of total deposits. Time deposits grew 12.3 percent year-on-year to Rs 18.99 lakh crore.

Gross advances as of December 31, 2025 were Rs 28.45 lakh crore, reflecting an 11.9 percent year-on-year increase. Advances under management grew 9.8 percent over the previous year, with retail loans rising 6.9 percent, small and mid-market enterprise loans growing 17.2 percent, and corporate and other wholesale loans increasing 10.3 percent. Overseas advances accounted for 1.7 percent of total advances.

The bank’s capital position remained strong, with the total capital adequacy ratio at 19.9 percent under Basel III norms, well above the regulatory requirement of 11.9 percent. Tier-1 capital adequacy stood at 17.8 percent, while the common equity Tier-1 ratio was 17.4 percent.

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Central Bank of India Q3 net rises 32% to ₹1,263 crore

Central Bank of India for the third quarter ended 31 December 2025 reported 32% growth in net profit at Rs.1,263 crore as compared with Rs.959 crore in the year ago period. Net Interest Income (NII) for the quarter declined 1.07% to Rs.3,502 crore.

Total business grew by 15.77% to Rs.7,74,106 crore from Rs.6,68,686 crore. Net Interest Margin stood at 2.96%.

The bank’s Gross NPA stood at 2.70%, from 3.86%, registering an improvement of 116 bps. Net NPA stood at 0.45%, from 0.59%, registering an improvement of 14 bps. Provision Coverage Ratio (PCR) improved to 96.69%, from 96.54%, an improvement of 15 bps, the bank said in a filing.

Total business of the bank, stood at Rs.7,74,106 crore as on December 31, 2025, as against Rs.6,68,686 crore a year ago, up 15.77% YoY. 

Total deposit grew 13.24% YoY to Rs.4,50,575 crore as on December 31, 2025. Gross advances increased 19.48% on YoY to  Rs.3,23,531 crore as on December 31, 2025. 

“RAM (Retail, Agriculture & MSME) business grew by 17.89 %. The individual sector wise growth stood at 20.93 % (Rs.96,652 crore), 15.41% (Rs.59,176 core) & 15.90% (Rs.67,338 crore), respectively,” it said. 

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Indian Overseas Bank(IOB) Q3 Net profit jumps 56% YoY

Indian Overseas Bank (IOB) reported its financial results for the quarter ending on December 31, 2025, on Wednesday, January 14. The IOB share price was trading nearly 2% up to ₹36.02 apiece after the company released third quarter results.

The bank posted a 56% year-on-year (YoY) rise in its net profit to ₹1,365 crore in the December quarter FY26, from ₹873.6 crore in the same quarter previous year.

Operating performance also rose 14.87% YoY to ₹2,603 crore in Q3FY26 from ₹2,266 crore in Q3FY25. On a cumulative basis, operating profit for the nine months reached ₹7,361 crore, reflecting a healthy increase of 21.27%.

IOB's Net Interest Income (NII) recorded solid growth, increasing 18.29% YoY to ₹3,299 crore in Q3FY26, compared with ₹2,789 crore in the year-ago quarter. For the nine-month period, NII stood at ₹9,104 crore, up 17.20% year-on-year, supported by improved margins and balance sheet growth.

Domestic net interest margin (NIM) rose to 3.42% in Q3FY26 from 3.35% in Q2FY26, while return on assets (ROA) improved to 1.28% from 0.93% in Q3FY25. The cost-to-income ratio stood at 45.74% in Q3FY26, reflecting disciplined cost management.

Asset quality improved during the period, with the gross NPA ratio declining by 101 basis points YoY to 1.54%. The net NPA ratio also strengthened, falling by 18 basis points YoY to 0.24%.

The Bank’s total business rose by ₹1.01 lakh crore to ₹6.44 lakh crore as of December 2025, reflecting a strong year-on-year growth of 18.71%.

During the same period, CASA deposits recorded a healthy 7.8% YoY increase, reaching ₹1.43 lakh crore by December 2025.

Strengthening its pan-India footprint, the Bank added 116 new branches over the past year, between December 2024 and December 2025, taking its total branch network from 3,322 to 3,438 as of December 2025.

Of these 3,438 domestic branches, a significant 2,000—around 58%—are located in rural and semi-urban areas, underscoring the Bank’s focus on expanding access and deepening its reach beyond urban centres.

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