Central Bank of India’s Q2 profit rises 33%

In the second quarter (Q2FY26), the Central Bank of India (CBoI) reported a 33% year-over-year (y-o-y) increase in standalone net profit at ₹1,213 crore. 

The bottom line was bolstered by a sharp decline in total provisions, including those related to income tax, restructured accounts, and non-performing assets. In the previous year, the public sector bank posted a net profit of ₹913 crore. For FY26, its board authorized a second interim dividend of 2%, or ₹0.20 per equity share with a face value of ₹10.

The profitability in the reporting quarter came despite decline in both net interest income and other income.Net Interest Income (interest earned less interest expended) dipped about 4 per cent y-o-y to ₹3,283 crore in Q2FY26 (₹3,410 crore in Q2FY25).

Other income, comprising fee-based income, treasury income and other non-interest income, declined about 8.50 per cent y-o-y to ₹1,507 crore (₹1,647 crore).

Net Interest income was down 52 basis points from 3.41 per cent in Q2FY25 to 2.89 per cent in Q2FY26.Gross non-performing assets (NPA) position improved to 3.01 per cent of gross advances as on September-end 2025 against 4.59 per cent as on September-end 2024.

Net NPA position too improved to 0.48 per cent of net advances against 0.69 per cent.Loan loss provisions declined 58 per cent to ₹143 crore (₹340 crore).

Total provisions, including towards loan loss, restructured accounts and income tax, were 54 per cent lower at ₹573 crore (₹1,252 crore).

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UCO Bank Q2 Results: Net profit rises 2.82% YoY

 

UCO Bank reported a 2.82% year-on-year increase in net profit for the second quarter ended September 30, 2025, as per its official earnings disclosure. The bank's net profit stood at ₹620 crore in Q2 FY26 compared to ₹603 crore in the same period of the previous year.

Net interest income (NII) for the quarter rose by 10.08% year-on-year to ₹2,533 crore, up from ₹2,301 crore in the prior year, the bank said in a filing. The net interest margin (NIM) was reported at 2.90% globally and 3.08% domestically for the quarter ended September 30, 2025.

Asset quality showed improvement, with the gross non-performing assets (GNPA) ratio reducing to 2.56% as of September 30, 2025, from 3.18% a year earlier, marking an improvement of 62 basis points year-on-year.

The net NPA ratio also improved to 0.43% from 0.73% in the same period last year, reflecting a 30 basis points improvement. The provision coverage ratio stood at 96.99% as of the end of the quarter.

UCO Bank's total business grew by 13.23% year-on-year to ₹5,36,398 crore as of September 30, 2025, from ₹4,73,704 crore a year earlier. Total deposits increased by 10.85% year-on-year to ₹3,05,697 crore, while gross advances grew by 16.56% to ₹2,30,702 crore.

The Retail, Agriculture, and MSME (RAM) segment registered a year-on-year growth of 22.87%, reaching ₹1,32,946 crore as of September 30, 2025. Within this segment, retail advances grew by 25.40% year-on-year to ₹58,987 crore, agriculture advances increased by 17.28% to ₹31,650 crore, and MSME advances rose by 23.80% to ₹42,309 crore.

The bank's capital adequacy ratio (CRAR) stood at 17.89% as of September 30, 2025, with a Tier I capital ratio of 15.90%. The credit-to-deposit ratio improved to 75.47% from 71.77% a year earlier.

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Bank of India(BOI) Q2 results: Net profit up 7.62%

Due to lower lending costs, public sector lender Bank of India (BOI) announced a 7.62% year-over-year increase in net profit to ₹2,555 crore for the July–September 2025 quarter (Q2FY26) on Friday. 

The shares of the Mumbai-based lender closed at ₹123.30 per share on the BSE, a 1.67 percent decrease. In Q2FY26, its net interest income (NII) decreased by 1.24 percent to ₹5,912 crore, from ₹5,986 crore in Q2FY25, the same quarter that ended in September 2024. 

 Net interest margin (NIM) decreased from 2.81 percent in Q2FY26 to 2.41 percent in Q2FY26, a 40 basis point year-over-year (Y-o-Y) decrease.

The managing director and CEO of BOI, R Karnatak, stated that a decrease in provisions for bad loans was the reason for the improvement in net earnings. After the deposit repricing is finished in the second half, the NII ought to start to get better. 

Customers have already received the repo rate reductions. In Q2FY26, the bank's non-interest income—which includes treasury, fees, commissions, etc.—dropped by 12% year over year to ₹2,220 crore. The profit from treasury operations, such as the sale and revaluation of investments, fell from ₹730 crore in Q2FY26 to ₹314 crore in Q2FY26, a 57% decline. 

 Following the results, Karnatak stated in a virtual media exchange that the bank did not experience much treasury income in the third quarter due to the current state of the market.

In Q2FY26, the credit costs, also known as provisions for non-performing assets (NPAs), dropped significantly to ₹472 crore from ₹1,427 crore in the previous year. In Q2FY26, advances increased 14.03 percent year over year to ₹7.09 trillion. 

 In the September quarter of FY26, advances to MSME, retail, and agricultural climbed 17.02 percent year over year to ₹3.47 trillion. According to Karnatak, the second half of the fiscal year is anticipated to see a strong credit offtake, including over the holiday season. A credit pipeline of ₹70,000 crore in corporate, retail, and agricultural loans has been approved. 

 At ₹8.53 trillion, total deposits grew 10.08 percent year over year. At the end of September 2025, the percentage of low-cost deposits, or current accounts and savings accounts (CASA), fell from 41% to 40%.

Gross non-performing assets (NPAs) decreased from 4.41 percent in September 2024 to 2.54 percent in September 2025, indicating an improvement in the bank's asset quality. Additionally, net non-performing assets (NPAs) decreased from 0.94 percent in September 2024 to 0.65 percent in September 2025.

 In September 2025, the provision coverage ratio (PCR), which takes into account written-off accounts, increased from 92.22 percent to 93.39 percent. At the end of September 2025, the bank's capital adequacy was 16.69%, with Common Equity Tier-1 capital at 14.49%.

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Indian Bank Q2 Net profit rises 11.5%

 On Thursday, October 16, Indian Bank, a public sector lender, announced that its net profit for the second quarter of the current fiscal year increased by 11.5% year over year to ₹3,018 crore from ₹2,706 crore during the same time the previous year. 

The difference between interest earned and interest spent, or the bank's net interest income (NII), increased 6% year over year to ₹6,551 crore from ₹6,195 crore in the same quarter last year. Indian Bank continued its upward trajectory in asset quality. 

 While the net non-performing assets (NPA) ratio improved sequentially to 0.16% from 0.18%, the gross NPA ratio decreased to 2.60% from 3.01% in the prior quarter.

Compared to ₹691 crore in the previous quarter and ₹1,100 crore in the same quarter last year, the lender's provisions for the quarter came to ₹739 crore, indicating a decrease in provisioning needs as asset quality continued to improve.

 Indian Bank shares increased 2.52% to trade at ₹794.80 on Thursday after the results were announced. As of now in 2025, the stock has risen by around 55%, continuing its tremendous upward trajectory.

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Punjab & Sind Bank Q2 Net profit rises 23%

 

The state-owned Punjab & Sind Bank (PSB) announced on Thursday that its net profit for the second quarter, which ended on September 30, increased by 29.5% to Rs 295 crore. During the July–September period of the previous fiscal year, the bank's net profit was Rs 240 crore. 

 PSB stated in a regulatory filing that its board has authorized the raising of capital up to Rs 5,000 crore in one or more tranches by March 2027. This entails raising Rs 2,000 crore through bonds and Rs 3,000 crore through QIP, FPO, and rights issues. At its meeting on Thursday, the board also approved raising Rs 3,000 crore by March 2027 in one or more tranches of long-term infrastructure bonds.

As per the quarterly results approved by PSB board, interest income rose to Rs 2,999 crore in the September quarter of FY26, from Rs 2,739 crore in the same quarter of FY25.

 

Gross Non-performing assets (NPA) improved to 2.92 per cent of loans in Q2, from 4.21 per cent in Q2 of FY25.

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Indian Overseas Bank(IOB)'s Record Q2 Profit surges 61%

 

Indian Overseas Bank (IOB), based in Chennai, reported a 61% year-over-year increase in net profit for the second quarter of the current fiscal year, reaching an all-time high of ₹1,258.82 crore, up from ₹779.61 crore in the July–September quarter of FY25. This increase was primarily due to improved asset quality and higher interest income. 

 For the quarter that ended in September 2025, the bank's overall operating income increased by 15% to ₹7,850.89 crore, up from ₹6,853.94 crore during the same time the previous year. Interest revenue, which is fueled by lending, is the source of net profit. IOB's managing director and CEO, Ajay Kumar Srivastava, stated that the company's net profit improved as a result of an increase in credit and interest income.

In Q2FY26, the bank's core revenue, or net interest income (NII), increased by 21% to ₹3,059 crore from ₹2,538 crore in the previous year. As of September 2025, the gross non-performing assets (GNPA) ratio was 1.83 percent, up 89 basis points from 2.72 percent the previous year. 

 Compared to the same quarter last year, when it was 0.47 percent, the net NPA ratio dropped 19 basis points to 0.28 percent. During the quarter, the slippage ratio was 0.11 percent and the credit cost was 0.18 percent, while the provision coverage ratio increased 42 basis points from 97.06 percent to 97.48 percent.

"This year, we aim to grow our business to a size of about ₹6 trillion, so making ₹1,000 crore in net profit is no longer a problem. We are onboarding additional clients in order to resolve CASA concerns. 

 We have onboarded 8.5 million users in the past two fiscal years and this half-year combined," Srivastava stated. CASA deposits rose 4% year over year to ₹1.37 trillion in Q2FY26 from ₹1.32 trillion the previous year, a gain of ₹5,531 crore. During the quarter, the CASA ratio was 40.52 percent.

From ₹851 crore in Q1FY26 to ₹874 crore for the quarter that ended in September, the total recovery climbed. The amount recovered from the written-off accounts was ₹461 crore. 

 As of September 2025, the bank's overall revenue increased by ₹76,233 crore to ₹6,17,034 crore, a 14% increase from ₹5,40,801 crore the previous year. Total deposits rose 9.15 percent year over year, from ₹28,414 crore to ₹3,39,066 crore from ₹3,10,652 crore in Q2FY25. As of September 2025, gross advances increased by 20.78 percent to ₹2,77,968 crore, up from ₹2,30,149 crore during the same period the previous year.

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Axis Bank Q2 net profit drops 26%

Higher provisions for bad loans hurt profitability, causing private lender Axis Bank to declare a 26% drop in net profit at Rs 5,090 crore for the quarter ending September 30, 2025, on October 15. In the previous year, it declared a net profit of Rs 6,918 crore. 

 According to survey, the lender's Q2FY26 net profit was Rs 5,911 crore. In Q2FY26, the lender's overall revenue increased by 1% to Rs 37,595 crore. The bank's reported gross non-performing assets (NPA) and net non-performing assets (NPA) were 1.46% and 0.44%, respectively, as of September 30, 2025, compared to 1.57% and 0.45% on June 30, 2025.

"Compared to Rs 8,200 crore in Q1FY26 and Rs 4,443 crore in Q2FY25, gross slippages for the quarter were Rs 5,696 crore. During the quarter, Rs 2,887 crore was recovered and upgraded from non-performing assets. 

 In a stock exchange report, the bank stated that it wrote off a total of Rs 3,265 crore in non-performing assets during the quarter. At Rs 13,745 crore, the lender's net interest income increased 2% year over year. As a result of the Reserve Bank of India's 100 basis point rate reduction this year, Axis Bank's net interest margins decreased to 3.73% from 3.8% in the previous quarter and 3.99% in the quarter prior.

At Rs 3,547 crore, the Mumbai-based lender's provisions and contingencies are up 61% over the previous year. This was a 10% decrease from the June quarter, when the bank's provisions skyrocketed as a result of what it claimed was a one-time industry benchmarking exercise, causing it to miss profit projections. "Rs 3,547 crore was allocated for provisions and contingencies for Q2FY26. For Q2FY26, specific loan loss provisions totaled Rs 2,133 crore. At the end of Q2FY26, the Bank had cumulative provisions (standard + extra, excluding non-NPA) of Rs 13,262 crore, according to Axis Bank. Overall, the bank's capital adequacy was 16.55%, down from 16.85% during the previous quarter.

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PSB Merger Big News: Government draws up mega bank merger plan; smaller banks will be merged with larger banks by FY27

According to government officials who spoke to Moneycontrol, the government is preparing a massive merger that could combine smaller lenders with larger banks, bringing India's banking industry closer to yet another round of public sector bank consolidation. 

According to a source, the goal is to simplify the PSB landscape so that there are fewer, more powerful organizations that can assist with the upcoming stage of credit growth and financial sector reforms. 

 According to government sources, major banks like Punjab National Bank (PNB), Bank of Baroda (BoB), and State Bank of India (SBI) may combine with Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI), and Bank of Maharashtra (BOM). 

"The PMO will review a record of the plan's discussion after it has been taken up by senior Cabinet officials." The goal is to "finalize the roadmap within the same year," therefore discussions are anticipated to continue in FY27. 

 In order to facilitate consultations and get the opinions of the participating banks, FY27 is probably a good timeframe. According to the source cited above, "the government wants to build consensus internally before making any formal announcements." The finance ministry did not respond to an email asking for remarks.

In order to create stronger, better-capitalized banks that could compete globally, the government merged 10 PSBs into four larger entities between 2017 and 2020, reducing the number of state-owned banks from 27 in 2017. 

Syndicate Bank merged with Canara Bank, and Oriental Bank of Commerce and United Bank of India merged with PNB. This development comes as the Center looks to revive PSB consolidation. The government plans to take up the merger proposals as part of its medium-term banking sector reform strategy.

The ongoing drive for a merger also goes against the suggestions made by NITI Aayog to reform or privatize smaller PSBs, like CBI and IOB, which were considered as possible candidates for a strategic sale. Only a small number of major state-run banks, including SBI, PNB, BoB, and Canara Bank, were to be retained, according to a government think tank. 

The remainder institutions would either be privatized, merged, or have their government ownership reduced. According to someone with knowledge of the talks, "the current plan builds on those recommendations but adapts them to present conditions." "The idea is to strategically position PSBs rather than spread them thin, given the rapid expansion of fintech and the scale expansion of private banks."

What is the record of discussion?

The record of discussion is an internal government document that captures the key points of deliberations. It forms the basis for subsequent decision-making and approvals.

What is the timeline being considered?

According to sources, the proposals are expected to be taken up for inter-ministerial discussions in FY27, which would then be deliberated upon by the cabinet and Prime Minister's Office (PMO) level deliberations in the same fiscal year.

Why is the government considering further consolidation?

The objective is to create larger, stronger banks with better balance sheet capacity, improve operational efficiency, and enhance competitiveness in the global financial landscape.

Source - Moneycontrol

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Bank of Maharashtra Q2 profit rises 23%

 

In an exchange filing on October 13, the Bank of Maharashtra stated that its net profit for the September quarter increased by 23.09 percent year over year to Rs 1,633 crore, while its net interest income (NII) increased by 15.71 percent year over year to Rs 3,248 crore. 

 Following the release of the quarterly data, the lender's shares fell precipitously by more than 3%. In Q2FY26, operating profit increased 16.91% year over year to Rs 2,574 crore from Rs 2,202 crore in Q2FY25. 

 In Q2FY26, net revenue (or net interest income plus other income) increased 13.73 percent to Rs 4,093 crore. Compared to Q2FY25, when it was 38.81 percent, the Bank of Maharashtra's cost to income ratio improved to 37.10 percent in Q2FY26.

Compared to 1.74 percent for Q2FY24 and 1.80 percent for Q1FY25, the return on assets (RoA) increased to 1.82 percent for Q2FY26. In Q2FY26, the return on equity (RoE) was 22.58 percent, compared to 26.01 percent in Q2FY25. 

 The total business reached Rs 5,63,909 crore, an increase of 14.20 percent year over year. At Rs 3,09,791 crore, total deposits grew by 12.13 percent annually. Gross Advances reached Rs 2,54,118 crore, an increase of 16.83 percent year over year. 

 Retail advances have increased by 37.45 percent year over year, while RAM (Retail, Agri. & MSME) business rose by 16.94 percent. Compared to 1.84 percent on September 30, 2024, and 1.74 percent on June 30, 2025, gross non-performing assets (NPA) decreased to 1.72 percent on September 30, 2025.

Compared to 0.20 percent on September 30, 2024, and 0.18 percent on June 30, 2025, net non-performing assets (NPA) decreased to 0.18 percent on September 30, 2025. 

 As of September 30, 2025, the provision coverage ratio was 98.34 percent, compared to 98.36 percent on September 30, 2024, and 98.36 percent on June 30, 2025. With a Common Equity Tier 1 (CET1) ratio of 14.05 percent, the overall Basel III Capital Adequacy ratio increased to 18.13 percent.

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State Bank of India (SBI) Manager (Credit Analyst) Recruitment 2025 Notification Released, Apply Online

State Bank of India (SBI) has released notification for recruitment of candidates to the post of Manager (Credit Analyst). All details related to this recruitment are given below.

SBI Bank Manager (Credit Analyst) Recruitment 2025 Overview

Particulars	Details
Recruitment Authority	State Bank of India (SBI)
Post Name	Manager (Credit Analyst)
Category	Specialist Cadre Officers (SCO)
Vacancies	63
Mode of Application	Online
Application Dates	11 September 2025 – 15 October 2025
Official Website	www.sbi.co.in

SBI Bank Manager (Credit Analyst) Recruitment 2025 Important Links

Notification

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