Yes Bank Q1 Results: PAT jumps 59% YoY

 

Yes Bank on Saturday reported a 59% year-on-year (YoY) growth in its Q1FY26 standalone net profit at Rs 801 crore versus Rs 502 crore in the year-ago period.

The private lender earned an interest income of Rs 7,596 crore in the June quarter, which was down 1.6% from Rs 7,719 crore reported in the corresponding quarter of the last financial year.

Yes Bank reported its net interest income (NII) at Rs 2,371 crore in Q1FY26, up 5.7% YoY and 4.2% QoQ aided by reduction in cost of funds.

Meanwhile, net interest margin (NIM) for Q1FY26 stood at 2.5% trending upward YoY, supported by reduction in deposits made in lieu of PSL shortfall and SA rate cut reduction, partially offset by repricing impact, the bank's filing to the exchanges said.

Yes Bank paid Rs 5,224.41 crore in interests in the reported quarter versus Rs 5,475 crore in the year-ago period, down by 4.6%.

The profit after tax (PAT) rose over 8% on a sequential basis versus Rs 738 crore in the January-March quarter of FY25.

Non-Interest Income was reported at Rs 1,752 crore, up 46.1% YoY and 0.7% QoQ aided by treasury income.

The operating profit for Q1FY26 was at Rs 1,358 crore up 53.4% YoY and 3.3% QoQ while the operating costs stood at Rs 2,766 crore up 8.1% YoY and 2.4% QoQ.

CASA Ratio stood at 32.8% versus 30.8% in Q1FY25 up 200 bps. Retail CASA accounts opened were at 2,51,000 in Q1FY26.

GNPA ratio stood at 1.6% in Q1FY26 flat QoQ and down 10 bps YoY. NNPA ratio was reported at 0.3% in Q1FY26 flat QoQ and down 20 bps YoY.

Read More

Punjab & Sind Bank Q1FY26 results: PAT up 48%

 

Due to a decrease in bad loans and an improvement in core revenue, the state-owned Punjab & Sind Bank announced on Saturday that its net profit for the first quarter of this fiscal year increased by 48% to Rs 269 crore. 

 In the same quarter of the prior fiscal year, the lender made a net profit of Rs 182 crore. According to a regulatory statement by Punjab & Sind Bank, the total income increased from Rs 2,846 crore in the same quarter of FY25 to Rs 3,379 crore in the June 2025 quarter. The bank's interest income increased to Rs 2,911 crore from Rs 2,652 crore during the FY25 June quarter.

The bank's operating profit grew to Rs 540 crore during that time, up from Rs 317 crore the previous year. Gross non-performing assets (NPAs) decreased from 4.72 percent of gross advances at the end of the June quarter to 3.34 percent at the end of the June quarter, indicating an improvement in the bank's asset quality. 

 By the end of June 2024, its gross advance had risen from Rs 87,738 crore to Rs 99,950 crore, a 14% increase. In a similar vein, net non-performing assets (NPAs), or bad loans, decreased to 0.91 percent from 1.59% during the same time last year. Nonetheless, compared to Rs 103 crore in the first quarter of last year, provisions and contingencies rose to Rs 217 crore.

In the same quarter last year, its provision coverage ratio (PCR) increased from 88% to 92%. According to the report, return on assets (ROA) increased by 17 basis points, from 0.5% in June 2024 to 0.67 percent in June 2025. 

 The bank's capital adequacy ratio increased from 17.3 percent in the same quarter of FY25 to 17.9 percent. By the end of June 2024, the entire business had grown by 11% to Rs 2,31,132 crore from Rs 2,08,331 crore.

Read More

Central Bank of India Q1 Net profit surges 33%

State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts.

Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.13 percent at the end of the June quarter, indicating an improvement in the bank's asset quality. 

 In the same quarter of the prior fiscal year, the Mumbai-based bank made a net profit of Rs 880 crore. According to a regulatory statement by the Central Bank of India, overall income increased from Rs 9,500 crore in the same quarter of FY25 to Rs 10,374 crore in the June quarter of 2025–2026.

Gross advance increased by 9.97 per cent to Rs 2,75,595 crore from Rs 2,50,615 crore at the end of June 2024.

Similarly, net NPAs, or bad loans, declined to 0.49 per cent, as against 0.73 per cent in the year-ago period.

The bank's operating profit grew to Rs 2,304 crore during the reviewed period from Rs 1,933 crore during the same quarter last year. 

 Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.13 percent at the end of the June quarter, indicating an improvement in the bank's asset quality. 

 Consequently, compared to Rs 1,191 crore in the same period last year, provisions and contingencies decreased by half to Rs 521 crore in the first quarter. The Provision Coverage Ratio (PCR) increased by 85 basis points, from 96.17 percent to 97.02 percent.

Capital adequacy ratio of the bank rose to 17.6 per cent, from 15.6 per cent in the same quarter of FY25.

Total business grew by 10.84 per cent to Rs 7,04,485 crore from Rs 6,35,564 crore at the end of June 2024.

Read More

Bank Association asks Officers to leave Branch by 6 PM

 

All members of the All India Punjab National Bank Officers' Federation (AIPNBOF) are required to leave their offices or branches by 6 PM. The general secretary of the AIPNBOF has requested that PNB staff only work eight hours a day. 

Options for loans The federation has reaffirmed the "Kewal 8 Ghante Kaam Ke" work guideline, which states that workers shouldn't be expected to work past their assigned shifts. 

 The general secretary of the AIPNBOF, Krishna Kumar, stated, "Comrades are asked to promptly bring the matter to my attention if any day-end check or official instruction is placed by circle authorities to work beyond this time."

The federation has made this decision in order to safeguard officers from undue work-related stress and to maintain a positive work-life balance. A Bank of Baroda chief manager recently killed himself as a result of intense work-related stress.

Read More

Bank of Baroda Chief Manager Dies by Suicide Due to Work Pressure

 A horrible event occurred in Baramati, Pune, where 52-year-old Shivshankar Mitra, the branch manager of Bank of Baroda, committed suicide. At the Bank of Baroda branch on Bhigwan Road, he served as the Chief Manager. 

 Finally, the suicide note is delivered. To view the suicide note, please scroll down. The event took place on Thursday, July 17, late at night. Inside the bank's grounds, Shivshankar Mitra was discovered dead. He had gone so far as to hang himself from the limb itself. He was originally from Uttar Pradesh.

Shivshankar Mitra left behind a devastating letter outlining his reasoning for taking his own life. He wrote that the bank was putting a lot of pressure on him. 

 Five days prior, he had submitted a voluntary retirement request, citing his inability to cope with the mounting pressure and workload. However, it is thought that he felt helpless and took this extreme action because senior officials failed to respond. 

 He stated unequivocally in his letter:

“I, Shivshankar Mitra, Chief Manager, Bank of Baroda, Baramati, am committing suicide due to the additional pressure from the bank. Please do not put such pressure on other staff members. Everyone is doing their job with full dedication.”

He also expressed a noble wish — that his eyes be donated, if possible.

In his note, he also made it apparent that no one in his family was accountable and that he was acting alone and rationally. He requested that no one be held responsible for anything other than the stress he was experiencing at work. 

 He sent the following in a heartfelt letter to his family: 

“Priya, forgive me. Mahi, forgive me.”

(These are believed to be his wife and daughter.)

The cause of death has not yet been formally established by the authorities. Nonetheless, the circumstances and the note's contents suggest that work strain is the primary cause. This incident emphasizes how banking workers are experiencing increasing levels of mental stress and how their wellbeing needs to be given careful consideration.

Read More

Bandhan Bank Q1 Net profit declines 65%

Bandhan Bank's Q1 FY26 net profit of Rs 372 crore was a 65 percent decrease from Q1 FY25's Rs 1,063 crore. 

 The bank's overall revenue for the quarter was Rs 6,201.49 crore, which was a slight increase over Q1 FY25's total of Rs 6,081.73 crore. 

 From Rs 2,987 crore in the same quarter last year, NII fell 8%. For the quarter, the Net Interest Margin (NIM) was 6.4%. 

 Operating profit amounted at Rs 1,668 crore, lower than Rs 1,941 crore in Q1 FY25. With Rs 1,147 crore set aside for provisions and contingencies in Q1 FY26—much more than the Rs 523 crore set aside in Q1 FY25—the bank's provisioning expenses remained high.

Regarding asset quality, the bank's gross non-performing asset (NPA) ratio increased from 4.2 percent in the same quarter of the previous year to 5.0 percent in Q1 FY26. 

 The net non-performing asset (NPA) increased from 1.1 percent in FY25 to 1.4 percent. As of June 30, 2025, Bandhan Bank's capital adequacy ratio was 19.4%, which was higher than the 11.5 percent legal threshold. The bank's return on assets (RoA) for the quarter was 0.20 percent, and its total assets were Rs 1,89,403 crore. Business-wise, deposits at Bandhan Bank increased by 16 percent year over year to Rs 1.55 lakh crore. Retail deposits (CASA plus retail term deposits) accounted for 68 percent of the total. The CASA ratio was 27.1% and the CASA deposits were Rs 41,858 crore.

Read More

Indian Overseas Bank(IOB) Q1 Net profit jumps 76% YoY; asset quality and margins

 

Indian Overseas Bank, a state-run institution based in Chennai, announced a staggering 76 percent increase in net income for the June quarter at Rs 1,111.04 crore following a solid performance in all important metrics, particularly the asset quality side. 

According to a statement released by the management on Friday, the lender's total revenue increased 17% to Rs 8,866.47 crore, including other revenue of Rs 1,480.92 crore. 

The net interest margin was 3.04 percent, and the crucial net interest income increased by nearly 13 percent to Rs 2,746 crore. This resulted in an operational margin of 26.59 percent, up from 22.14 percent, and a net profit margin of 12.53 percent, up from 8.36 percent.

Regarding asset quality, the bank's non-performing assets showed a drop both annually and sequentially. Net NPAs decreased from Rs 1,153.51 crore to Rs 816.38 crore, while total NPAs decreased from Rs 6,648.71 crore to Rs 5,178.46 crore. Provisions and contingencies thus decreased from Rs 937.87 crore to Re 844.05 crore. 

 Gross non-performing assets (NPAs) decreased by 92 basis points on an annualized basis and 17 basis points on a sequential basis, from 2.89 to 1.97 in percentage terms. Likewise, net non-performing assets (NPAs) decreased from 0.51% to 0.32, or by 19 and 5 basis points, respectively. The provision coverage ratio increased to 97.47, a 51-bps improvement. Gross advances rose from Rs 2,30,092 crore to Rs 2,62,421 crore, a 14.05 percent increase.

The growth of deposits was 10.75%, rising by Rs 32,111 crore to Rs 3,30,792 crore. Gross advances rose 14.05% to Rs 2,62,421 crore, or Rs 32,329 crores. While the credit cost remained constant at 0.29%, the slippage ratio increased by 3 basis points to 0.10. From Rs 582 crore to Rs 851 crore, the bank recovered an additional Rs 269 crore.

Read More

Axis Bank Q1 Net profit declines 4%

On Thursday, Axis Bank said that its June quarter net profit had decreased by 3.8 percent to Rs 5,806.14 crore from Rs 6,034.64 crore in the same period last year. Net profit decreased by 18 percent on a sequential basis. 

 The bank's operating profit for the quarter was Rs 11,515 crore, up 14% over the previous year. According to a press statement, core operating profit increased 5% year over year to Rs 10,095 crore. In Q1FY26, operating costs increased by 2% year over year.

Compared to the Rs 13,448 recorded in the previous quarter, the net interest income (NII) increased slightly by 0.8 percent to Rs 13,560 crore in the current quarter. Net interest income decreased by 2% sequentially. 

 The bank's Net Interest Margin (NIM) was 3.80% in the April–June quarter, compared to 3.97 percent in the previous quarter and 4.05 percent in the previous year. The gross non-performing asset (NPA) ratio increased from 1.28 percent on March 31, 2025, and 1.54 percent on June 30, 2024, to 1.57 percent on June 30, 2025, indicating a decline in the bank's asset quality during the reporting quarter.

According to the investor presentation, the bank's net non-performing asset (NPA) ratio also rose from 0.33 percent in Q4FY25 and 0.34 percent in Q1FY25 to 0.45 percent in Q1FY26. 

 In the April-June quarter, the bank's gross non-performing assets (NPA) totaled Rs 17,765 crore, up from Rs 14,490 crore in the previous quarter and Rs 16,211 crore in the previous year. In the reporting quarter, net non-performing assets (NPA) were Rs 5,066 crore, down from Rs 3,685 crore in the previous quarter and Rs 3,553 crore in the previous year.

In the June quarter of the fiscal year 2026, the third-largest private sector lender in the nation declared provisions of Rs 3,948 crore, up from Rs 1,359 crore in the March quarter. The overall deposits increased by 9% year over year to 11.61 lakh crore, including 9% growth in current account deposits, 3% growth in savings account deposits, and 12% growth in term deposits. At the conclusion of Q1FY26, CASA deposits accounted for 40% of total deposits.

Total deposits increased 8% year over year on a quarterly average balance basis, with savings account deposits increasing 1%, current account deposits increasing 4%, and term deposits increasing 12%. As of June 30, 2025, the Bank's advances increased by 8% year-over-year and 2% quarter-over-quarter to Rs 10.59 lakh billion. Retail loans made up 59% of the Bank's net advances and increased 6% year over year to Rs 6.23 lakh crore crore.

Read More

Bank of Maharashtra Q1 results, Net profit rises 23%

On Tuesday, July 15, the state-run Bank of Maharashtra Ltd. released its April–June quarter results. The lender's core income, or net interest income, climbed from ₹2,800 crore to ₹3,292 crore, an 18% year-over-year gain. 

 The period's net profit climbed from ₹1,293 crore to ₹1,593 crore, a 23% rise. Despite lower other income than in the same quarter previous year, net profit increased during the quarter. Sequentially, the period's asset quality stayed constant. Both net and gross non-performing assets (NPA) stayed at 0.18% and 1.74%, respectively, from the March quarter.

Compared to the previous quarter's ₹983.29 crore, the quarter's provisions were ₹867.41 crore. On a sequential basis, slippages over the period have increased. At the conclusion of the June quarter, total slippages were ₹727 crore, up from ₹660 crore during the March quarter. 

 While deposits increased by 14% from the same quarter last year to ₹3.05 lakh crore, Bank of Maharashtra reported business growth of 14% from the previous year to ₹5.46 lakh crore in its post-earnings statement. 

 Gross Advances were ₹2.41 lakh crore, increasing 15.34% from the previous year.Net Interest Margins during the June quarter stood at 3.95%, which is nearly the same as 3.97% it reported in the June quarter last year and 4.01% reported during the March quarter.

Read More

PSU Bank Introduces New Role of Floor Manager to Improve Customer Service

Beginning July 11, 2025, UCO Bank will be offering a new position called Floor Manager in all of its branches within the Chandigarh Zone. This action has been taken to improve customer service and guarantee that each and every client who visits the branch is assisted promptly and is completely happy. 

 The issue of subpar customer service has also been brought up on multiple occasions by the Ministry of Finance. Nearly all Indian public sector banks are currently attempting to enhance branch ambiance and customer service.

Roll and Responsibilities

Within the branch, the Floor Manager will serve as the main client contact. Their primary duty will be to ensure that clients are never left unattended and that their issues are promptly resolved. 

 They will keep a careful eye on the branch's entire client experience. To guarantee a seamless banking experience, the Floor Manager will also support and guide clients by guiding them through the branch, pointing them in the direction of the right counters or services, and giving them the information they need.

Coordinating with other branch employees to promptly and effectively resolve customer-related issues is another crucial responsibility of the floor manager. Reducing customer wait times and upholding a good standard of service depend on this collaboration. 

 Additionally, the Floor Manager will be in charge of gathering client feedback. The branch will use this input to pinpoint areas for improvement and service gaps. The Branch Manager will be informed of the observations so that appropriate action can be taken.

UCO Bank has made it clear that the collaboration and support of every branch employee are essential to the success of this new position. Employee collaboration is essential if the floor manager is to achieve the intended improvements. 

 Without their backing, this initiative's goal would be unsuccessful. Every branch in the Chandigarh Zone has been directed to designate a single employee to serve as the Floor Manager. 

Main Focus on Customer Service

Additionally, they must make sure the chosen individual understands the significance of their role and explicitly outline their obligations. The goal is to match this endeavor with the bank's overarching goal of providing excellent customer service.

UCO Bank's action demonstrates its steadfast dedication to operational excellence and client happiness.  The bank hopes to improve service delivery, lower customer complaints, and bolster its stellar service record by implementing the Floor Manager position.

Read More