Axis Bank Q4 results: Net profit flat, beats estimate; provisions surge, asset quality improves

Even though higher provisions and lower non-interest income hurt profitability, Axis Bank's March quarter (Q4 FY26) earnings were released on Saturday. Net profit came in marginally above Street estimates. 

In contrast to the CNBC-TV18 poll prediction of Rs 6,989 crore, the private sector lender reported a net profit of Rs 7,071 crore for the quarter. But from Rs 7,117 crore, profit fell 0.6% year over year. Sequentially, it increased by 9%. A crucial indicator of the bank's fundamental profits, net interest income (NII), increased 5% year over year to Rs 14,457 crore.

"While we enter the new financial year with confidence and optimism, focusing on building a more resilient franchise, we are conscious of the global macro and geopolitical situation shaping up and are closely watching it," Amitabh Chaudhry, managing director and chief executive officer said.

Axis Bank's provisions and contingencies rose sharply to Rs 3,522 crore during the fiscal fourth quarter, compared with Rs 2,245 crore in the previous quarter, and Rs 1,359 crore a year ago.

The bank said it created an additional one-time provision of Rs 2,001 crore to strengthen its balance sheet amid “evolving and unpredictable macroeconomic and geopolitical uncertainties”. It added that the move was precautionary and does not reflect any deterioration in asset quality.

Asset quality metrics improved sequentially, with gross non-performing assets (GNPA) ratio declining to 1.23 percent from 1.40 percent in the previous quarter. Net NPA ratio eased to 0.37 percent from 0.42 percent.

Axis Bank's net credit cost stood at 0.37 percent for the quarter, declining both sequentially and year-on-year. The lender's provision coverage ratio remained healthy at 70 percent.

Core operating revenue remained broadly stable, while fee income grew 8 percent quarter-on-quarter and 4 percent year-on-year to Rs 6,561 crore, supported by retail fee growth and granular fee mix. However, overall non-interest income was impacted by a trading loss of Rs 606 crore during the quarter.

Operating profit declined 7 percent year-on-year to Rs 10,013 crore, while operating expenses rose 6 percent on-year.

Advances grew 19 percent year-on-year and 6 percent sequentially to Rs 12.34 lakh crore, led by strong growth in corporate and SME segments. Deposits rose 14 percent on-year, with CASA ratio at 40 percent.

The bank maintained a strong capital position, with capital adequacy ratio at 16.42 percent and CET-1 ratio at 14.38 percent.

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IndusInd Bank posts Rs 533 crore profit for Q4 FY26

IndusInd Bank on April 24 announced a profit of Rs 533 crore for the quarter ended March 31, 2026 as against a loss of Rs 2,236 crore in the year-ago period, helped by a drop in provisions for potential bad loans and a sequential improvement in asset quality.

The country's fifth-largest private lender by market capitalisation beat analysts' expectation of Rs 389-crore net profit, per data compiled by LSEG. In the year-ago quarter, the bank had reported its biggest-ever quarterly loss due to years of mis-accounting of internal derivative trades.

The lender declared a final dividend of Rs 1.5 per share for FY26. The record date for determining the eligibility of members entitled to receive the dividend shall be Friday, June 26, 2026, the bank said.

IndusInd's provisions and contingencies declined 38.6% year-on-year and 29% from the previous quarter to Rs 1,484 crore.

Asset quality improved, with gross bad loans as a percentage of total loans dropping to 3.43% at the end of March from 3.56% three months earlier.

The bank came under scrutiny last year after disclosing a nearly Rs 2,000-crore hit in the year ended March 2025 due to mis-accounting of internal derivative trades, which raised concerns over governance and led to the resignations of former CEO Sumant Kathpalia and deputy chief Arun Khurana.

The bank's loan and deposit growth have remained under pressure over the last year. During the fourth quarter, IndusInd Bank's loans declined 8.7% year-on-year, the fourth straight decline, while deposits fell 2.6%.

Net interest income, the difference between interest earned on loans and paid on deposits, climbed 43% year-on-year to Rs 4,371 crore.

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Union Bank of India Q4 Net profit rises 6.6%

State-owned Union Bank of India on Thursday reported a 6.6 per cent increase in net profit year-on-year to ₹5,316 crore for the fourth quarter of FY26, compared with ₹4,985 crore in the year-ago period, aided by lower provisions and operating expenses. Sequentially, net profit rose 6 per cent from ₹5,017 crore in Q3FY26.

 

Provisions declined 2.76 per cent year-on-year to ₹2,640 crore from ₹2,715 crore in Q4FY25. However, on a sequential basis, provisions rose sharply by 37.1 per cent from ₹1,925 crore in Q3FY26, mainly due to a one-time increase in standard asset provision of ₹700 crore.

Operating expenses declined 6.9 per cent year-on-year and 0.9 per cent sequentially to ₹6,863 crore in Q4FY26.

 

Net interest income (NII) for the quarter stood at ₹9,406 crore, marginally lower by 1.1 per cent year-on-year, but up 0.8 per cent sequentially. Interest earned declined 4.5 per cent year-on-year to ₹26,439 crore, while interest expenses fell 6.3 per cent to ₹17,033 crore.

 

Net interest margin (NIM) moderated to 2.64 per cent in Q4FY26, from 2.76 per cent in the previous quarter. NIM in Q4FY25 was 2.87 per cent.

“We have seen a cumulative repo rate reduction of 125 basis points, of which about 53–54 per cent has been transmitted. Despite this, our margins have remained relatively stable, with NIM moderating only from 2.91 per cent (FY25) to 2.70 per cent (FY26), a decline of just 21 basis points,” said Asheesh Pandey, MD & CEO, Union Bank of India.

Other income declined 2.6 per cent year-on-year to ₹5,412 crore in Q4 but rose 19.2 per cent sequentially. Treasury income declined sharply to ₹636 crore in Q4FY26, down 61.4 per cent year-on-year and 29.4 per cent sequentially.

 

“Treasury income has declined during the period due to market conditions. As far as regulatory limits are concerned, including the RBI’s cap on overnight positions, our exposure remained well within limits at around $30 million. We maintained a cautious stance and avoided taking large positions during a volatile phase, which ensured there was no material impact on earnings,” Pandey said.

 

Operating profit before provisions and contingencies increased 3.3 per cent year-on-year to ₹7,955 crore and rose 14.6 per cent sequentially.

“Other income in the previous year included a one-off recovery of ₹787 crore from the sale of two NARCL-backed accounts, which had sovereign guarantee support. Adjusting for that, other income declined by about 1.9 per cent year-on-year,” Pandey added.

 

On the asset quality front, gross non-performing assets (GNPA) declined 14 per cent year-on-year to ₹30,401 crore, while net NPAs fell 15.1 per cent to ₹5,067 crore during the same period. In percentage terms, the GNPA ratio improved to 2.82 per cent from 3.60 per cent a year ago, while the net NPA ratio eased to 0.48 per cent from 0.63 per cent.

On the business front, total advances grew 9.7 per cent year-on-year to ₹10.79 trillion and 6.1 per cent sequentially, indicating steady credit demand. Deposits, however, were largely flat on a yearly basis at ₹13.07 trillion, though they rose 6.9 per cent quarter-on-quarter.

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Bank of Maharashtra Q4 Net profit jumps 34% YoY; NII up 20%

 In the fourth quarter of FY26, public sector lender Bank of Maharashtra reported a net profit of Rs 2,014 crore on Monday, up 35% from Rs 1,493 crore in the same quarter of the previous fiscal year.

In addition to showing an 8.19% sequential increase, net interest income (NII) increased 18.81% year over year (YoY) to Rs 3,702 crore in Q4FY26 from Rs 3,116 crore in Q4FY25.

Operating profit increased 7.69% quarter-over-quarter (QoQ) and 16.92% YoY to Rs 2,946 crore in Q4FY26 from Rs 2,520 crore in the same period last year.

Net revenues, which include net interest income and other income, rose 13.26% year over year from Rs 4,097 crore in Q4FY25 to Rs 4,640 crore in Q4FY26. Revenues increased by 6.55% sequentially.

Gross non-performing assets (NPA) decreased to 1.45% as of March 31, 2026, from 1.74% a year earlier and 1.60% in the preceding quarter, indicating an improvement in asset quality during the quarter. Additionally, net non-performing assets (NPA) decreased to 0.13% from 0.15% in the previous quarter and 0.18% in the same period last year.

The provision coverage ratio stood at 98.59% as of March 31, 2026, improving from 98.26% a year earlier and 98.41% as of December 31, 2025.

As of March 31, 2026, total business grew 17.47% YoY to Rs 6.43 lakh crore. Total deposits rose 14.14% to Rs 3.50 lakh crore, while gross advances increased 21.74% to Rs 2.91 lakh crore. Net advances also rose 22.03% to Rs 2.88 lakh crore.

The RAM segment, comprising retail, agriculture, and MSME, expanded 20.74% YoY. Within this, retail advances surged 32.39% to Rs 85,857 crore, while MSME advances grew 10.71% to Rs 53,547 crore.

For FY26, net profit rose 27.17% to Rs 7,019 crore, while net interest income increased 17.13% to Rs 13,664 crore. The domestic net interest margin stood at 3.91%.

The bank has proposed a final dividend of 12%, or Rs 1.20 per equity share, for FY26. This is in addition to the interim dividend of 10%, or Rs 1.00 per share, already declared and paid.

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HDFC Bank Q4 Net profit rises 9%; announces Rs 13 dividend for FY26

Mumbai-headquartered HDFC Bank the country's largest lender by market value on Saturday reported a net profit of Rs 19,221 crore for the quarter ended March 31, in line with analyst expectations. The private sector bank declared a dividend of 1,300 per cent for eligible shareholders.

The Q4 FY26 results marked the bank's first earnings report since the exit of its part-time chairman and independent director Atanu Chakraborty.

The lender's net profit grew 9.1 per cent to Rs 19,221 crore, from Rs 17,616 crore a year ago, according to a regulatory filing.

Its net interest income -- or the difference between interest earned and interest paid -- increased 3.2 per cent to Rs 33,082 crore for the final three months of FY26, slightly below expectations.

HDFC Bank was expected to register a net profit of Rs 19,200 crore and net interest income of Rs 33,660 crore.

The bank staged an improvement in its asset quality, beating Street expectations.Asset quality is gauged by sequential changes in the proportion of bad loans in total loans.

HDFC Bank's gross non-performing assets (NPAs) or bad loans stood at 1.15 per cent for the March quarter, versus 1.24 per cent for the previous three months.

Its net NPAs were recorded at 0.38 per cent of total loans, decreasing from 0.42 per cent three months ago.

HDFC Bank's fourth-quarter gross and net NPAs were pegged at 1.2 per cent and 0.4 per cent of its total loans, respectively, unchanged from the previous three months.

The private lender reported Rs 2,610 crore in provisions for the quarter ended March 31, 2026, as against Rs 2,838 crore for the quarter ended December 31, 2025, and Rs 3,193 crore for the quarter ended March 31, 2025.

The bank's capital adequacy ratio a key metric that compares a lender's capital to its risk-weighted assets -- stood at 19.71 per cent as of March 31.

Earlier this month, the private lender reported growth of 12.80 per cent and 12 per cent in deposits and gross loans for the March quarterly.The bank declared a dividend of Rs 13 per equity share a 1,300 payout given the face value of Re 1 per equity share.

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ICICI Bank Q4 Results: Net profit up 8.5%, announces Rs 12 dividend

ICICI Bank, one of India’s leading private lenders, on Saturday reported a net profit of Rs 13,702 crore in the fourth quarter of FY26, marking an increase of 8.5% year-on-year from Rs 12,630 crore reported in the same quarter last year.

The company’s net interest income stood at Rs 22,979 crore, higher by 8.4% from the Rs 21,193 crore posted in the corresponding quarter of the previous financial year, ICICI Bank said in a regulatory filing.

The company’s provisions witnessed a notable decline of 89% to Rs 96 crore, sharply lower from Rs 891 crore in the same quarter last year. Provisions in the previous quarter came in at Rs 2,556 crore.

The bank’s asset quality improved sequentially, with gross NPA easing to 1.4% from 1.53% in the previous quarter. In absolute terms, gross NPAs declined to Rs 23,051.9 crore from Rs 23,758 crore earlier.

ICICI Bank’s total advances rose 15.8% year-on-year and 6% sequentially to Rs 15.53 lakh crore, reflecting steady credit growth.

ICICI Bank’s net NPA (NNPA) eased to 0.33% from 0.37% in the previous quarter.

On a consolidated basis, profit after tax rose to Rs 14,755 crore during the quarter under review, higher from Rs 13,502 crore in Q4FY25.

Consolidated assets increased 10.3% year-on-year to Rs 29.14 lakh crore as of March 31, 2026, compared to Rs 26.42 lakh crore as of March 31, 2025.

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YES Bank Q4 Profit jumps 45%; NII up 16%

YES Bank Ltd on Saturday reported a 44.7 per cent year-on-year jump in its standalone net profit for the quarter ended March 31, 2026. The private sector lender's bottom line climbed to Rs 1,068.42 crore, up from Rs 738.12 crore in the corresponding quarter of the previous financial year.

The bank's Net Interest Income (NII) witnessed a 16 per cent growth, coming in at Rs 2,637.7 crore for the fourth quarter, compared to Rs 2,276.36 crore in the same period last year. Total income for the quarter also edged higher to Rs 9,381.07 crore, up from Rs 9,355.39 crore a year ago, with other income contributing Rs 1,730.17 crore to the top line. 

On the asset quality front, the gross non-performing assets (NPA) ratio shrank to 1.3 per cent, or Rs 3,604.93 crore at the end of Q4 FY26, dropping from 1.6 per cent, or Rs 3,935.61 crore, in the year-ago period. The Net NPA ratio also steadily improved, narrowing to a mere 0.2 per cent from 0.3 per cent last year. 

"During Q4 FY26, in alignment with some of the evolving conservative provisioning practices, the bank has proactively strengthened standard asset provisioning coverage by making a one-time provision of Rs 341 crores," the bank said in its exchange filing. "This does not reflect any deterioration in asset quality, impairment, or adverse credit development within the portfolio," YES Bank added. 

Vinay M. Tonse, Managing Director & CEO of YES Bank, said, "YES BANK concluded FY26 on a strong footing, delivering a Q4 RoA of 1.0% in line with our guidance, supported by a 20 bps improvement in NIMs, an improvement in cost to income ratio and the lowest GNPA and NNPA levels since FY20."

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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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