Punjab National Bank(PNB) Q1 PAT falls 48% YoY

State-owned Punjab National Bank on Wednesday reported a standalone net profit of Rs 1,675 crore for the quarter ended June 2025, marking a 48% year-on-year (YoY) decline from Rs 3,251.5 crore in the first quarter of FY25.

Total income for the June quarter rose 15.7% YoY to Rs 37,232 crore, up from Rs 32,166 crore a year earlier.

Net interest income (NII), however, remained largely flat, increasing by just 1% year-on-year to Rs 10,578 crore from Rs 10,476 crore in the year-ago period.

The sharp fall in profit was driven by a one-time tax expense of Rs 5,083.3 crore, compared with Rs 2,017 crore in the corresponding quarter of the previous year.

On a consolidated basis, the lender posted a net profit of Rs 1,832 crore for the first quarter, down 52% from Rs 3,716 crore a year earlier.

Asset quality improved modestly on a sequential basis. Gross non-performing assets stood at 3.78% at the end of June, down from 3.95% in March. Net NPAs eased to 0.38% from 0.4%.

The bank reported sequential and annual improvements in asset quality. Gross non-performing assets (GNPA) fell to Rs 42,673 crore as of June 2025, a decline of Rs 8,590 crore from Rs 51,263 crore a year earlier.

The gross NPA ratio improved to 3.78%, down from 3.95% in March and 5.73% in June 2024. Net non-performing assets (NNPA) also declined to Rs 4,132 crore from Rs 5,930 crore in the year-ago quarter, with the NNPA ratio improving to 0.38% from 0.60%.

Total CASA (current and savings account) deposits stood at Rs 5,68,638 crore, reflecting a year-on-year increase of 3.6%. The CASA ratio stood at 36.99% at the end of the June quarter.

On the advances front, retail credit rose 11.8% year-on-year to Rs 2,62,219 crore. The bank's core retail lending segment posted stronger growth, rising 17.7% from the year-ago period. Agriculture loans grew by 6.2% to Rs 1,78,885 crore, while MSME advances surged 18.6% year-on-year to Rs 1,69,426 crore.

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Bank of Baroda(BoB) Specialist Officers (SO) Recruitment 2025 Notification

Bank of Baroda(BoB) has announced the recruitment of 330 Specialist Officers (SO) on a fixed-term contractual basis in various departments such as Digital Banking, MSME, Risk Management, and Cyber Security.

Bank of Baroda(BoB) SO Recruitment 2025 Overview

Organization	Bank of Baroda(BoB)
Post Name	Specialist Officer (SO)
Vacancies	330
Job Type	Contractual (5 years, extendable)
Last Date to Apply	19 August 2025
Mode of Application	Online
Official Website	www.bankofbaroda.in

Bank of Baroda SO Recruitment 2025 Important Dates

• Online Application Start Date: 30 July 2025
• Last Date to Apply: 19 August 2025 (till 11:59 PM)
• Pay Exam Fee Last Date: 19 August 2025

Bank of Baroda SO Recruitment 2025 Educational Qualifications

Post Name	Qualification
Specialist Officer (SO)	Degree in relevant field with required experience

Bank of Baroda SO Recruitment 2025 Vacancy Details

Post Name	Vacancies
Specialist Officer (SO)	330

Bank of Baroda SO Recruitment 2025 Notification & Apply Online Link

Notification PDF	Click Here
Apply Online	Click Here

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Bank of India(BOI) Q1 result: Net profit soars 32.2% YoY

 

The public sector lender Bank of India (BOI) reported a 32.3 per cent year-on-year rise in net profit to ₹2,252 crore for the April–June quarter (Q1FY26), aided by a surge in treasury income.

Its Net Interest Income (NII) shrank by 3.3 per cent to ₹6,068 crore in Q1FY26, compared to ₹6,275 crore in the same quarter a year ago (Q1FY25). Net interest margin (NIM) declined by 52 basis points YoY to 2.55 per cent in Q1FY26 from 3.07 per cent in Q1FY25.

R. Karnatak, Managing Director and Chief Executive Officer, BOI, said there will be some additional pressure on margins in the second quarter. The repricing of deposits, which began in October 2024, will be completed by October, providing a benefit for margins. He stated that margins have bottomed out but did not give estimates for NIM.

 

The bank’s non-interest income, comprising treasury, fees, commissions, etc., grew by 66.4 per cent YoY to ₹2,166 crore in Q1FY26. Profit from treasury activities, including the sale and revaluation of investments, grew almost four times to ₹820 crore in Q1FY26 from ₹166 crore a year ago.

Provisions for non-performing assets (NPAs) declined to ₹1,104 crore in Q1FY26, down from ₹1,216 crore in Q1FY25.

 

Advances grew 12.02 per cent YoY to ₹6.72 trillion in Q1FY26. Retail, agriculture, and MSME advances grew by 16.27 per cent YoY to ₹3.28 trillion in the June quarter of FY26.

Total deposits increased 9.07 per cent YoY to ₹8.33 trillion. The share of low-cost deposits—current accounts and savings accounts (CASA)—declined to 39.88 per cent at the end of June 2025, down from 42.68 per cent a year ago. The bank has guided for 10-11 per cent growth in deposits in FY26.

 

The bank’s asset quality improved, with gross NPAs declining to 2.92 per cent in June 2025 from 4.62 per cent in June 2024. Net NPAs also declined from 0.99 per cent in June 2024 to 0.75 per cent in June 2025. The provision coverage ratio (PCR), including written-off accounts, improved to 92.94 per cent in June 2025 from 92.11 per cent in June 2024.

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IndusInd Bank Q1 profit drops 72%

Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore.

Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period.

It had reported a loss of Rs 2,329 crore in the preceding March quarter.

Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period.

The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore.

Decline in fee and other income was relatively limited, with the overall number dropping to Rs 2,157 crore from Rs 2,442 crore in the year-ago period.

The gross non-performing assets ratio for the lender increased to 3.64 per cent in June against 3.13 per cent in March, but the provisions declined on-quarter to Rs 1,760 crore from Rs 2,522 crore.

The overall capital adequacy of the lender stood at 16.63 per cent as of June 30, and included a core buffer of 15.48 per cent.

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Mumbai based businessman is jailed for mistreating a female bank employee

 

A 54-year-old businessman was sentenced to a year of hard labor in a Mumbai magistrate's court for insulting the dignity of a female bank employee who had come to his home on business. The businessman was not only given a jail sentence, but the court also fined him Rs. 1000. When the female bank employee came to his house to verify, the businessman mistreated her. 

 Narendra Sagvekar, the defendant, is 54 years old. On November 27, 2020, the victim, a 27-year-old deputy manager at a bank, visited Sagvekar's home to confirm his address in connection with his application for a bank account.

A day prior, Sagvekar had gone to the bank to open a savings account, but he neglected to bring a photo. An employee was tasked with going to his home to confirm his address in accordance with bank policies. 

 Around 12:30 p.m., the woman arrived at the house and discovered Sagvekar by himself. She was going to depart after doing the necessary paperwork when Sagvekar allegedly used unlawful force, kissed her on the cheek and neck, held her hard, and made illegal physical contact. She was able to shove him away and left the scene right away.

Following her escape, the victim went back to her bank branch and told the operations head, branch manager, and a coworker about what had happened. She later complained to the Malad Police Station. Two days after being taken into custody on December 17, the accused was freed on bond. 

 The accused claimed that no witnesses were present at the scene of the crime and that the accusations were unfounded. However, even under cross-examination, Additional Chief Judicial Magistrate B.N. Chikne deemed the woman's statement to be reliable and consistent throughout the trial. Despite the lack of eyewitnesses, the court found that the victim's testimony was sufficient to convict the accused.

Next, a point was raised – Why the female employee took time to file FIR? Why was there delay in reaching to the police?

The magistrate said that panic and fear in such situations are natural, and it is common for Indian women to hesitate before taking such cases to the public eye. “The delay has been properly explained,” the judge said.

In an attempt to justify himself, Sagvekar said that the woman had made a fake complaint against him because he disagreed with a savings plan she recommended and failed to reply to her "Hello" WhatsApp message. 

 The court dismissed this argument, ruling that the claim lacked credibility and that the woman had no reason to falsely accuse him. In addition to refusing to release Sagvekar on probation or a bond of good behavior, the accused asked the court to release him on a bond of good behavior. The magistrate declared, "The accused does not deserve leniency because this is an offense of moral turpitude."

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IDFC First Bank Q1 Profit down 32% YoY

IDFC First Bank has reported a 32% YoY decline in its profit after tax (PAT) at Rs 463 crore in the first quarter of the financial year 2026, while the net interest income (NII) witnessed a growth of 5.1% YoY to Rs 4,933 crore in the same period.

In the first quarter of the previous fiscal year, the NII was equivalent to Rs 4,695 crore. Nonetheless, the PAT increased 52.1% on a quarterly basis. From 5.95% in Q4 FY25 to 5.71% in Q1 FY26, the bank's Net Interest Margin (NIM) on AUM decreased by 24 basis points on a quarterly basis. 

 Lower investment yields, a change in the asset mix, notably a precipitous collapse in the microfinance sector, and changes in repo rates were the primary causes of this decline.

Between Q1 FY25 and Q1 FY26, operating profit (excluding trading gains) decreased 6.2% year over year, from Rs 1,858 crore to Rs 1,744 crore. But sequentially, it increased by 7.8%. For the quarter that concluded on June 30, 2025, the bank reported strong increase in its deposit base. 

Customer deposits increased from Rs 2,04,572 crore to Rs 2,56,799 crore, a 25.5% year-over-year increase. CASA deposits increased 30.2% to Rs 1,27,158 crore, while retail deposits increased 24.5% to Rs 2,04,222 crore.

 During the same time previous year, the CASA ratio increased from 46.6% to 48%. At the end of the quarter, 80% of all customer deposits were in the form of retail deposits.

Gross NPA stood at 1.97% as of June 30, 2025, slightly higher than 1.87% in the previous quarter. Net NPA was at 0.55%, compared to 0.53% as of March 31, 2025. Gross NPA of the Retail, Rural, and MSME book rose to 1.82% from 1.70% sequentially.

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Complaint Against DGM for Misconduct and Abusive Language in PSU Bank

The State Bank of India, Panchkula administrative office employees have officially filed a complaint, pointing out the Deputy General Manager's alleged misbehavior, hostile conduct, and use of derogatory language, which has resulted in a hazardous work environment and poisonous workplace culture. 

Staff and officers from State Bank of India's Administrative Office (AO) and Regional Business Office (RBO) in Panchkula filed a formal complaint with the State Bank of India Officers' Association at the Local Head Office in Chandigarh on June 24, 2025. In the complaint, the Deputy General Manager (DGM) (Business and Operations) is accused of misconduct, using abusive language, and engaging in behavior that has created a toxic and unhealthy work environment.

Allegations of Misconduct and Abusive Language

According to the complaint letter, the DGM has been accused of using abusive and insulting language towards employees. The staff allege that this behavior extends to senior officers, including Assistant General Managers and Chief Managers (CM). 

The letter mentions that the officer has frequently shouted at and threatened staff during office hours. Specific remarks highlighted in the complaint include phrases like "I will slam you to the ground," "All of you are idiots," "The entire AO staff is mad," "Bring him by the neck," "You all are garbage," and “Get out of my cabin.”

Concerns Over Mental Distress and Workplace Safety

The complaint emphasizes how the officer's actions have led to a poisonous workplace culture and a hazardous working environment. Deep emotional suffering, including anxiety, depression, and in certain cases, suicide thoughts, has been reported by staff personnel. Additionally, the petition notes that staff members are afraid to work under the DGM and are afraid to visit the the office due to the hostile atmosphere.

Request for Action

In the letter, the staff members have requested the Officers' Association to take up the matter with higher management. They seek necessary action to restore a safe and respectful work environment at the office.

Association Says Issue Taken Up Immediately with Circle Management

Speaking to Kanal, the association representative stated “Once we received the letter, we immediately took up the issue with the Circle Management. The Circle Management also took necessary action. A General Manager-level officer is heading the investigation.On June 26, an investigation was already conducted by him, and he was present at the office for the whole day. 

All the affected members have given their statements to him. The bank has taken necessary action, and we are closely following up the issue. We assure that whatever action is required will be taken because our Circle Management is very particular that such incidents should not happen in any office. The incident was reported just three days ago, and we are monitoring the situation closely. Let us wait and see how it unfolds over the next 2-3 days.”

The complaint by SBI AO/RBO Panchkula staff lists detailed incidents and includes staff signatures, reflecting their collective concerns about the work environment under the current leadership. The issue has been taken up by the association and is currently under internal investigation.

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Kotak Mahindra Bank Q1 results: PAT falls 7% YoY

Kotak Mahindra Bank on Saturday reported a 7% year-on-year decline in its standalone net profit for the June quarter at Rs 3,282 crore, compared to Rs 3,520 crore in the year ago period. The net interest income (NII) for Q1FY26 increased to Rs 7,259 crore, up 6% YoY from Rs 6,842 crore in Q1FY25.

Average advances for Q1FY26 grew at 14% YoY with Net Advances increasing 14% YoY to Rs 444,823 crore as at June 30, 2025 from Rs 389,957 crore as at June 30, 2024.

Bank's unsecured retail advances including retail microcredit as a percentage of net advances stood at 9.7% as at June 30, 2025.

Average total deposits grew to Rs 4,91,998 crore for Q1FY26, up 13% YoY from Rs 4,35,603 crore for Q1FY25. In this average current deposits grew to Rs 67,809 crore for Q1FY26, up 9% YoY from Rs 62,200 crore for Q1FY25.

Average savings deposits grew to Rs 1,24,186 crore for Q1FY26, up 2% YoY from Rs 1,22,105 crore for Q1FY25 meanwhile average term deposits grew to Rs 3,00,003 crore for Q1FY26, up 19% YoY from Rs 2,51,298 crore for Q1FY25.

CASA ratio as at June 30, 2025 stood at 40.9% while the TD sweep balance grew 23% YoY to Rs 59,098 crore.

Kotak Bank's Net Interest Margin (NIM) was 4.65% for Q1FY26 versus 5.02% in the year ago period. Operating profit for Q1FY26 increased to Rs 5,564 crore, up 6% YoY from Rs 5,254 crore in Q1FY25.

As at June 30, 2025, GNPA was 1.48% & NNPA was 0.34% versus 1.39% & NNPA was 0.35% at June 30, 2024. As at June 30, 2025, Provision Coverage Ratio (PCR) stood at 77%.

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Union Bank of India Q1 Results: PAT rises 12%

 

The Mumbai-based lender had earned a net profit of ₹3,679 crore in the same quarter of the previous fiscal year.

The total income rose to ₹31,791 crore during the June 2025 quarter from ₹30,874 crore in the year-ago period, Union Bank of India said in a regulatory filing.

The bank's interest income increased to ₹27,296 crore from ₹26,364 crore during the FY25 June quarter. However, compared to ₹9,412 crore in the same period last year, net interest income decreased to ₹9,113 crore during the quarter. 

 In addition, the bank's operating profit decreased by 11% from ₹7,785 crore to ₹6,909 crore in the same quarter of the previous fiscal year. Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.52% 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 6.83% to ₹9,74,489 crore from ₹9,12,214 crore. Likewise, its net non-performing assets (NPAs), or bad loans, decreased to 0.62% from 0.90% during the same time last year.

Consequently, bad loan provisions decreased from ₹1,651 crore in the first quarter of last year to ₹1,153 crore in the first quarter. The Provision Coverage Ratio (PCR) increased by 116 basis points, from 93.49% to 94.65%. 

 Meanwhile, according to the lender, Return on Assets (ROA) improved by 5 basis points, from 1.06% in June 2024 to 1.11% in June 2025. The bank's capital adequacy ratio increased from 17.02% in the same quarter of FY25 to 18.3%. By the end of June 2024, the total business had grown from ₹21,08,762 crore to ₹22,14,422 crore, a 5% increase.

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Bank of Baroda(BoB) Q1 Results: Net profit rises 1.8% YoY

Public sector lender Bank of Baroda (BoB) announced its earnings for the April-June quarter of the fiscal year 2025-26 on Friday, July 25. The bank reported a 1.8 per cent year-on-year (YoY) rise in its standalone net profit for Q1FY26, at ₹4,541.3 crore compared to ₹4,458 crore in the same period last year.

In the first quarter of the fiscal year that concluded in 2025–2026, the total interest income increased 4.9% to ₹31,091 crore from ₹29,628 crore in the same time the year before. 

 In the June quarter, the bank's net interest income (NII) dropped from ₹11,600 crore to ₹11,435 crore, a decrease of around 1.4% year over year. The bank reported that the domestic net interest margin (NIM) for the reviewed quarter was 3.06 percent, while the global NIM was 2.91 percent. 

According to the exchange statement, Bank of Baroda's gross non-performing assets (NPAs) for the first quarter of the 2026 fiscal year were 2.28 percent, down from 2.88 percent in the same quarter of the previous fiscal year.

Compared to 0.69 percent in the same quarter of the prior fiscal year, the bank's net non-performing assets (NPA) for the April–June quarter of FY26 were 0.6%. A crucial financial indicator used to assess a bank's capital in relation to its risk-weighted assets, the capital adequacy ratio, increased from 16.82 percent to 17.61 percent.

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