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.

Read More

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.

Read More

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%.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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

Read More

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

Read More

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.

Read More