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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