ICICI Bank Q2 Net profit rises 5.2%

The standalone net profit of ICICI Bank, the second-biggest private sector bank in India, increased by 5.2% to ₹12,359 crore in the second quarter of FY26 from ₹11,746 crore in the same quarter of the previous fiscal year. 

 In Q2FY26, net interest income (NII), which is the difference between interest collected and interest spent, increased 7.4% year over year (YoY) to ₹21,529 crore from ₹20,048 crore. The net interest margin was 4.30 percent. 

 According to ICICI Bank, pre-provisions operating profit (PPOP) increased by 3.43% year over year to ₹17,297.96 crore from ₹16,723.18 crore in the September quarter.

Provisions (excluding provision for tax) declined to ₹914.11 crore in Q2FY26 compared to ₹1,233.09 crore YoY, and ₹1,814.57 crore, QoQ.

Asset quality of the bank improved sequentially. Gross Non-Performing Assets (GNPA) in Q2FY26 declined 3.57% to ₹23,849.66 crore from ₹24,732.65 crore in the previous quarter. Net NPA decreased 2.41% to ₹5,827 crore from ₹5,971.09 crore, QoQ.

Gross NPA as a percentage of Gross Advances, or Gross NPA ratio, in Q2FY26 dropped to 1.58% from 1.67%, QoQ, while Net NPA ratio eased to 0.39% from 0.41%, QoQ.

According to ICICI Bank, as of September 30, 2025, its net domestic advances increased by 3.3% sequentially and 10.6% year over year. As of September 30, 2025, the retail loan portfolio accounted for 52.1% of the overall loan portfolio, growing 6.6% year over year. 

 The rural banking portfolio fell 1.3% year over year, whereas the business banking portfolio increased 24.8%. As of September 30, 2025, total advances have risen by 3.2% QoQ and 10.3% YoY to ₹14,08,456 crore. 

 In comparison to the minimum regulatory standards of 11.70% and 8.20%, respectively, ICICI Bank's total capital adequacy ratio was 17.00% and its CET-1 ratio was 16.35% as of September 30, 2025.

In Q2FY26, average deposits climbed by 1.6% QoQ and 9.1% YoY to ₹15,57,449 crore. While average savings account deposits increased by 8.5% year over year, average current account deposits increased by 12.6% year over year. By the end of the September 2025 quarter, total deposits had increased to ₹16,12,825 crore, a 7.7% YoY increase. In Q2FY26, the CASA ratio was 39.2%.

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IndusInd Bank Q2 results: Posts net loss due to higher provisions, NII drops 17.5% YoY

IndusInd Bank reported a net loss of 436.8 crores in the second quarter of the financial year 2025-26. Last year, the bank posted a net profit of Rs 1,331 crore in Q2 FY25. Rajiv Anand, the MD and CEO of IndusInd Bank, said in a statement that the loss in the quarter is a result of accelerated write-offs as well as increased provisions on microfinance as a prudent measure. 

IndusInd Bank reported a 17.5 per cent YoY Net Interest Income decline in the quarter. The bank’s NII in Q2 FY26 came down to Rs 4,409 crore from Rs 5,347 crore in Q2 FY25.

Furthermore, IndusInd Bank’s margins also squeezed in the quarter. The private sector bank’s margin in Q2 FY26 stood at 3.32 per cent, compared to 4.08 per cent in the same quarter of last fiscal year. 

The bank found itself in the midst of a crisis earlier this year as governance and accounting lapses surfaced, leading to the exit of its former CEO, Sumant Kathpalia and deputy Arun Khurana.

The bank’s asset quality remained largely stable despite the challenging environment. Gross non-performing assets (GNPA) ratio stood at 3.60 percent as of September 30, 2025, compared with 3.64 percent at the end of June 2025, while net NPA (NNPA) improved to 1.04 percent from 1.12 percent. Provision coverage ratio (PCR) rose to 71.81 percent from 70.13 percent in the previous quarter.

Total loan-related provisions stood at Rs 10,443 crore, representing 3.2 percent of the loan book.

Total deposits fell to Rs 3.90 lakh crore from Rs 4.12 lakh crore a year earlier, while advances declined to Rs 3.26 lakh crore from Rs 3.57 lakh crore. The share of low-cost current and savings account (CASA) deposits stood at 31 percent, with current account deposits at Rs 31,916 crore and savings deposits at Rs 87,854 crore.

The balance sheet size contracted to Rs 5.27 lakh crore from Rs 5.43 lakh crore a year ago.

Fee and other income fell 24.4 percent to Rs 1,651 crore from Rs 2,185 crore in the year-ago quarter. The pre-provision operating profit (PPOP) dropped 43 percent to Rs 2,047 crore from Rs 3,600 crore.

As of September 30, 2025, IndusInd Bank had 3,116 branches and banking outlets, along with 3,054 ATMs across India, serving approximately 42 million customers.

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IDFC First Bank Q2 Net profit surges 75.5% YoY

IDFC First Bank announced the July to September quarter earnings for FY26 on Saturday, October 18, 2025. The bank reported a 75.5% rise in net profit to ₹352.3 crore in the second quarter of the 2026 fiscal, compared to ₹200.7 crore in the same quarter a year ago, according to an exchange filing.

IDFC First Bank's total interest income rose nearly 11% to ₹9,936.8 crore in the second quarter of the financial year 2025-26, from ₹8,956.9 crore in the same period of the previous year.

The bank’s net interest income (NII) rose 6.78% in the second quarter of the financial year ended 2025-26 to ₹5,113 crore, from ₹4,788 crore a year ago.

The lender's percentage of gross non-performing assets (NPAs) to gross advances for the second quarter of the 2026 fiscal year stood at 1.86% compared to 1.92% in the same quarter of the previous financial year, the bank informed, while net NPAs stood at 0.52% for the quarter under review.

IDFC FIRST Bank serves 35 million customers, with a customer business of ₹5,35,673 crore comprising customer deposits of ₹2,69,094 crores and loans and advances of ₹2,66,579 crores. Customer deposits grew 23.4% YoY and loans 19.7% YoY, the bank said in a release.

Reflecting on the results, V Vaidyanathan, MD and CEO of IDFC First Bank, said, “The stress in the MFI (microfinance) business was an MFI industry issue and looks like it is behind us. 

Other than MFI, the asset quality of the Bank has always been stable for over a decade through cycles and continues to be so with Gross NPA at 1.86% and Net NPA at 0.52% as of 30th September 2025."

He added, "On the cost of funds, we expect it to drop from here on. The bank is witnessing improving operating leverage. For instance, in FY25, total Business, i.e. loans and customer deposits, grew by 22.7% YoY, against an increase in Opex of 16.5% YoY. 

Following on, in H1 FY26, total Business grew by 21.6% YoY, against an Opex (operational expenditure) increase of 11.8% YoY. We hope to sustain this trend.”

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Serious Concern of Long Pending and Unresolved Staff Issues in this PSU Bank

According to sources, after officials filed complaints against Regional Head (RH) Dharmendra Rajoria, a number of events have taken place in Sambalpur, Odisha. Since it started in May 2025, the problem has prompted numerous investigations, discussions with upper management, and a growing level of participation from officers' associations. 

 The officers' complaints have not been addressed despite multiple representations, and some officers have been subjected to punitive action by being moved to far-off places. Events in the complaint case timeline A formal complaint alleging unprofessional behavior, workplace harassment, and unethical business activities by RH, Dharmendra Rajoria, was filed with the MDCEO in the final week of May 2025. A copy of the complaint was also sent to other relevant authorities.

In the first week of June, 2025, a departmental inquiry was conducted under the supervision of the Deputy Zonal Manager (Dy ZM) Bhubaneswar. The complainants later alleged that the inquiry report was biased, claiming their concerns were not reflected and that the findings favored RH Dharmendra Rajoria.

In the third week of June 2025, the officers sent another communication to all concerned officials, highlighting the alleged bias in the first inquiry and requesting an independent and impartial inquiry by the Central Office.

HR sent relieving orders via WhatsApp to a number of officers in the first week of July 2025, including Chief Managers, a manager, and the HR officer of Sambalpur. These orders instructed them to report to new postings by July 7, 2025. 

 On July 22, 2025, more than 50 officers participated in a second independent investigation and filed written accusations against RH Dharmendra Rajoria. According to reports, this investigation provided real data and facts about the circumstances.

No formal decision has been made even after the second inquiry has been ongoing for 75 days. According to Kanal on October 14, 2025, the All India Bank Officers' Association (AIBOA) also offered their support in a letter sent to the MD & CEO on October 9, 2025. 

 The officers continue to demand that transfer orders be revoked and that RH Dharmendra Rajoria and other suspected participants face proper disciplinary punishment, as the management continues to review the matter.

According to sources, this case appears to be a clear example of the adage "Justice delayed is justice denied." Current Events and Unresolved Issues A number of unaddressed issues within the organization are brought to light by the current case involving RH Dharmendra Rajoria. 

The matter is still open despite numerous investigations and repeated requests from cops. The officers are still looking for a just settlement and the required administrative measures.

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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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