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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Canara Bank Q1 PAT surges nearly 22% YoY

Canara Bank on Thursday posted a 21.7% year-on-year (YoY) surge in its standalone profit after tax (PAT) for the first quarter of the fiscal year 2026, which stood at Rs 4,752 crore, while its net interest income (NII) slid slightly by 1.7% YoY.

For Q1FY26, the NII was Rs 9,009 crore, compared to Rs 9,166 crore for the same period last year. The quarter's operating profit was Rs 8,554 crore, representing a 12.32% YoY increase. 

At Rs 25.64 lakh crore, the bank's worldwide operations represented a 10.98% YoY increase. While gross advances climbed 12.42% year over year to Rs 10.96 lakh crore, global deposits jumped 9.92% to Rs 14,67,655 crore. Retail, Agricultural, and MSME (RAM) credit increased by 14.90%.

In terms of asset quality, Gross NPA ratio improved to 2.69%, down 145 bps YoY, and Net NPA ratio declined to 0.63%, improving by 61 bps. The Provision Coverage Ratio (PCR) stood at 93.17%, up by 395 bps.

Within retail credit, Canara Bank recorded an impressive 33.92% growth, with housing loans rising by 13.92% and vehicle loans surging by 22.09%. Fee-based income came in at Rs 2,223 crore, up 16.39% YoY.

Earnings per share (EPS) were reported at Rs 21.01, registering a 21.66% YoY increase. Return on Assets (RoA) stood at 1.14%, up by 9 basis points (bps), while CET-1 ratio improved by 24 bps to 12.29%.

In addition to 7,907 ATMs, the bank had 9,861 branches as of June 30—3,143 in rural areas, 2,903 in semi-urban areas, 1,951 in urban areas, and 1,864 in metro areas. The bank also operates four branches abroad: in IBU Gift City, Dubai, New York, and London.

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Indian Bank Q1 Net profit jumps 24%

Indian Bank on Thursday reported a 23.69 per cent year-on-year (Y-o-Y) increase in its net standalone profit to ₹2,972.82 crore in the first quarter if financial year 2025-26 (Q1 FY26). 

The public sector bank (PSB) reported ₹2,403.42 crore profit during the same period last year. On a sequential basis, the profit was marginally up from ₹2,956.07 crore.

In Q1 FY26, the bank's overall revenue increased 10.48% to ₹18,721.31 crore from ₹16,944.77 crore in the same period last year. Income increased slightly sequentially from the previous quarter's ₹18,599.16 crore. 

 In terms of spending, the bank spent ₹13,951.03 crore in the first quarter of FY26, which was 12.12% more than the ₹12,443.18 crore in the first quarter of FY25. Expenses increased 2.72 percent sequentially from ₹13,580.49 crore in the March quarter. 

In the first quarter of FY26, Indian Bank's total net non-performing assets (NPA) were ₹1,035.56 crore, a 48.91 percent decrease from ₹2,026.59 crore in the same period last year. 

Additionally, net non-performing assets (NPA) decreased 6.67 percent sequentially from ₹1,109.56 crore in the prior quarter.

Additionally, the bank reported that its total deposits climbed 9.26% year over year to ₹7,44,289 crore in June 2025 from ₹6,81,183 Cr in June 24. 

 Additionally, as of June 30, 2025, its credit-deposit ratio was 80.77 percent. Indian Bank reported in a BSE filing that its worldwide business increased 10.25% year over year to ₹13.45 trillion.

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Bank of Baroda(BoB) released new vacancy for Various Posts

 

Bank of Baroda has released new vacancy for recruitment of candidates to various posts. All details such as eligibility, age limit, etc. are given below.

Important Dates

• Online Registration of Application starts from : 23.07.2025
• Last date for Submission of Application & Payment of fees: 12.08.2025

Vacancies

Post	Vacancy
Manager – Digital Product	7
Senior Manager – Digital Product	6
Fire Safety Officer	14
Manager – Information Security	4
Senior Manager – Information Security	4
Chief Manager – Information Security	2
Manager – Storage Administrator and Backup	2
Senior Manager – Storage Administrator and Backup	2

Post and Scale

Post	Scale
Manager – Digital Product	Scale II
Senior Manager – Digital Product	Scale III
Fire Safety Officer	Scale I
Manager – Information Security	Scale II
Senior Manager – Information Security	Scale III
Chief Manager – Information Security	Scale IV
Manager – Storage Administrator and Backup	Scale II
Senior Manager – Storage Administrator and Backup	Scale III

Age Limit

Post	Age Limit
Manager – Digital Product	Min.: 24 Max.: 34
Senior Manager – Digital Product	Min.: 27 Max.: 37
Fire Safety Officer	Min.: 22 Max.: 35
Manager – Information Security	Min.: 24 Max.: 34
Senior Manager – Information Security	Min.: 27 Max.: 37
Chief Manager – Information Security	Min.: 30 Max.: 40
Manager – Storage Administrator and Backup	Min.: 24 Max.: 34
Senior Manager – Storage Administrator and Backup	Min.: 27 Max.: 37

Click here for Notification

• Download Notification PDF
• Apply Online

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Staff strength of Public Sector Banks; Check Number of Staff in All Banks

Public Sector Banks (PSBs) are commercial organizations under board governance. The PSB in question determines its own workforce needs based on a number of factors, including company needs, activity distribution, superannuation, and other unforeseen exits. The PSBs make the appropriate officer and staff appointments, which change annually depending on their needs.

96% of the workforce is in position as of March 31, 2025, in accordance with feedback from PSBs. Attrition due to superannuation and other common circumstances, such as unanticipated exits, accounts for a modest percentage of the deficit. Additionally, banks have hired 148687 people over the past five years (FY 2020–25), and they are currently hiring 48570 people for FY 2025–2026. 

Below are the specifics of the total number of employees throughout the previous five years, broken down by year and bank:

Bank Name	2020-21	2021-22	2022-23	2023-24	2024-25
Bank of Baroda	82017	78749	76509	74227	73742
Bank of India	51459	51825	52209	50944	50564
Bank of Maharashtra	12532	13128	12721	13499	14591
Canara Bank	88213	86919	84978	82638	81260
Central Bank of India	32340	30293	30770	31643	33081
Indian Bank	42601	40751	41701	41025	39778
Indian Overseas Bank	23579	22369	22051	21475	20966
Punjab & Sind Bank	8890	8832	8725	10148	10229
Punjab National Bank	101802	103144	104123	102349	102746
State Bank of India	246353	244583	236110	229788	236221
UCO Bank	22012	21617	21698	21456	21049
Union Bank of India	78203	75201	75594	75866	73945

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IDBI Bank Q1FY26 results: Net profit rises 16.75%

IDBI Bank on Monday reported a 16.75 per cent year-on-year (YoY) increase in standalone net profit to ₹2,007 crore in the April–June quarter (Q1FY26). Net profit in the same quarter last year was ₹1,719 crore, according to a BSE filing by the company.

Profit decreased sequentially from ₹2,051 crore in Q4FY25 by 2.15 percent. Compared to ₹2,076 crore in Q1FY25, operating profit climbed by 13% to ₹2,354 crore in Q1FY26. In Q1FY26, net interest income (NII) was ₹3,166 crore, compared to ₹3,233 crore in Q1FY25. 

 In Q1FY26, the net interest margin (NIM) decreased by 50 basis points to 3.68 percent from 4.18 percent in Q1FY25. Gross non-performing assets (NPAs) of the bank were ₹6,384.61 crore, compared to ₹7,795.42 crore the previous year. 

 While net non-performing assets (NPAs) decreased from ₹454 crore to ₹447 crore, the gross NPA ratio improved from 3.87 percent to 2.93 percent.

As of June 30, 2025, the net NPA ratio was 0.21 percent, up from 0.23 percent on that day in 2024. A year ago, the cost of deposit was 4.58 percent; now, it is 4.84 percent. 

 Additionally, the cost of financing increased from 4.81 percent in Q1FY25 to 4.98 percent this quarter. According to the bank, its cost-to-income ratio was 48.86 percent, and its return on equity (RoE) was 17.91 percent.

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In Loan Fraud Case, Female Branch manager of PSU Bank suspended in Uttar Pradesh

At the Punjab National Bank (PNB) branch in the Shernagar region, a significant fraud case has been discovered. A female bank manager assigned to the branch has been charged with defrauding the bank by abusing her position and using fictitious documentation to obtain a Rs 40 lakh home loan. 

 An internal investigation was started by the bank management as soon as the issue was discovered. The accused bank officer was immediately suspended from her position after it was confirmed that fraud had definitely occurred. 

 Additionally, the bank has accused her of fraud and breach of trust in a First Information Report (FIR) that was submitted to the police station. Police are currently pursuing legal action against her.

Shivansh Verma, the son of Shivkumar Verma, the manager of the same PNB Shernagar branch, filed a complaint. He complained about the old manager's financial theft at the New Mandi Kotwali police station. 

 His complaint states that from July 17, 2021, to May 2, 2023, Amrita Singh, the wife of Lokendra Singh and a native of Rampur village in the Kanpur Nagar area, served as the Branch Manager at PNB Shernagar. She currently resides in Gokul City, Muzaffarnagar, with her family.

How the Fraud Happened

Amrita Singh requested for a house loan from her own branch when she was the branch manager in order to purchase a plot in Dream City, a housing colony being built in Muzaffarnagar. She stated that the purpose of the loan was to purchase land and construct a home on it. 

 

A Rs 40 lakh home loan was authorized by the bank and credited to her personal account. Amrita Singh did purchase the land, but despite the passage of time, no construction has begun on the property. Additionally, it was discovered that she failed to provide crucial paperwork needed for the property's mortgage, which is a prerequisite for obtaining a house loan.

She obtained the entire sum of Rs 40 lakh by abusing her powerful position within the bank and skipping the required procedures. Amrita Singh did not begin construction or adhere to the bank's loan requirements despite multiple reminders from the bank. 

 The bank suspended her after an internal investigation determined that fraud had taken place. The bank subsequently filed an official complaint with the police.

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UCO Bank Q1 results: Profit rises 10%

 State-owned UCO Bank on Monday reported 10 per cent increase in net profit at ₹607 crore for the first quarter of current financial year.

In the same quarter of the prior fiscal year, the bank with its headquarters in Kolkata made ₹551 crore in net profit. According to a regulatory statement of UCO Bank, total income increased from ₹6,859 crore to ₹7,433 crore during the June quarter of 2025–2026. 

 The bank's interest income increased to ₹6,436 crore from ₹6,024 crore during the June quarter of FY25. The bank's operating profit grew to ₹1,562 crore during that time, up from ₹1,321 crore the previous year.

As gross non-performing assets (NPAs) decreased from 3.32 percent of gross advances a year ago to 2.63 percent at the end of the June quarter, the bank's asset quality improved. 

 Likewise, net non-performing assets (NPAs), or bad loans, decreased from 0.78 percent to 0.45 percent during the same time last year. On the other hand, bad loan provisions increased by Rs 463 crore in the first quarter compared to Rs 397 crore in the same period last year. 

 From 95.76 percent to 96.88 percent, the Provision Coverage Ratio (PCR) increased. Meanwhile, Return on Assets (ROA) increased slightly from 0.7% in June 2025 to 0.71 percent in June 2025.

Capital adequacy ratio of the bank rose to 18.39 per cent, from 17.09 per cent in the same quarter of FY25.

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ICICI Bank Q1 profit rise 15.5%; NII up 10.6%

The second-largest private sector lender in India, ICICI Bank, exceeded analyst forecasts on Saturday by announcing a 15% year-over-year increase in net profit to Rs 12,768.21 crore for the fiscal first quarter. 

 The difference between interest earned and interest spent, or NII, increased 8.4% year over year to Rs 21,634.46 crore for the June quarter. The Street had predicted an 8 percent YoY increase in NII to Rs 21,091 crore and a 9.5 percent increase in net profit to Rs 12,112 crore for ICICI Bank in the April-June quarter.

Profit before tax (excluding treasury gains) increased 11.4 percent YoY to Rs 15,690 crore in Q1, while the bank's core operating profit jumped 13.6 percent YoY to Rs 17,505 crore. 

 The total revenue increased to Rs 51,451.81 crore from Rs 45,997.70 crore during the same period last year. Other income increased from Rs 7,001.92 crore to Rs 8,504.90 crore in the previous year. The quality of the assets increased annually. 

 In the quarter prior to this year, the gross non-performing asset ratio was 2.15 percent; it now stands at 1.67 percent. Additionally, the net NPA ratio decreased from 0.43 percent YoY to 0.41 percent. 

 However, the gross and net NPA ratios did not change sequentially. The April-June quarter's gross non-performing assets (NPA) additions were Rs 6,245 crore, up from Rs 5,916 crore in the same period last year.

In Q1FY26, recoveries and upgrades of non-performing assets (NPAs), other than write-offs and sales, totaled Rs 3,211 crore, up from Rs 3,292 crore  in Q1FY25. With write-offs and sales excluded, the net additions to gross non-performing assets (NPAs) in Q1FY26 were Rs 3,034 crore, while in Q1FY25 they were Rs 2,624 crore . In Q1FY26, the Bank wrote off gross non-performing assets (NPAs) totaling Rs 2,359 crore. 

 As of June 30, 2025, the non-performing loan provisioning coverage ratio stood at 75.3%. According to the announcement, as of June 30, 2025, the Bank has total provisions of Rs 22,664 crore , or 1.7% of loans, excluding special provisions on fund-based outstanding to borrowers categorized as non-performing.

At June 30, 2025, total period-end deposits were Rs 16,08,517 crore, up 12.8% year-over-year from Rs 16,10,348 crore on March 31, 2025. In Q1FY26, average deposits reached Rs 15,33,241 crore, up 11.2 percent year over year and 3.1 percent sequentially. 

 In Q1FY26, average current account deposits rose 4.6 percent sequentially and 11.2 percent on-year. In Q1FY26, average savings account deposits rose 3.6 percent sequentially and 7.6 percent year over year. The total amount of advances increased to Rs 13.64 lakh crore as of June 30, 2025. The CASA ratio was 38.7 percent on average.

As of June 30, 2025, total advances rose to Rs 13.64 lakh crore. The average CASA ratio stood at 38.7 percent.

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HDFC Bank Q1 results: Net profit up 12.2% Y-o-Y

Despite a notable increase in provisions during the quarter and a modest increase in net interest income (NII) due to muted loan growth, HDFC Bank, the largest private sector lender in India, reported a 12.2% year-over-year (Y-o-Y) increase in net profit to Rs 18,155 crore in the April-June quarter of the financial year 2025-26 (Q1FY26). 

 During the quarter, the bank's partial disinvestment in HDB Financial Services, a subsidiary, contributed to the net profit. 

 The selling of HDB Financial's shares resulted in a net gain of Rs 6,949.27 crore for it. During the quarter, its provisions increased to Rs 14,441 crore, comprising Rs 1,700 crore in extra contingent provisions and Rs 9,000 crore in floating provisions.

"In a credit environment that is still benign, the bank's credit performance across all segments stays consistent. The bank said in its statement on Saturday that it has deemed this a good time to strengthen its floating provisions, which serve as a countercyclical buffer to strengthen the balance sheet and are not tailored to any particular portfolio or set of expected risks. 

 The lender's net interest margin (NII) increased 5.4% year over year to Rs 31,438 crore during this time. The core net interest margin was 3.35 percent on total assets, which indicates that assets are repricing more quickly than deposits, compared to 3.46 percent for the previous quarter, which concluded on March 31, 2025.

For the first quarter of FY26, its other revenue (non-interest revenue) was Rs 21,730 crore. Gross non-performing assets (NPAs) at the end of Q1FY26 were 1.4%, down from 1.3% in Q4FY25, indicating a slight decline in the bank's asset quality. 

 Likewise, its net non-performing assets (NPAs) were 0.47 percent. Retail loans grew by 8.1% year over year, while total advances by 6.7% year over year to Rs 26.53 trillion. Corporate and other wholesale loans rose 1.7%, while loans to small and mid-market businesses jumped 17.1%.

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