HDFC Bank Q4 Net profit rises 9%; announces Rs 13 dividend for FY26

Mumbai-headquartered HDFC Bank the country's largest lender by market value on Saturday reported a net profit of Rs 19,221 crore for the quarter ended March 31, in line with analyst expectations. The private sector bank declared a dividend of 1,300 per cent for eligible shareholders.

The Q4 FY26 results marked the bank's first earnings report since the exit of its part-time chairman and independent director Atanu Chakraborty.

The lender's net profit grew 9.1 per cent to Rs 19,221 crore, from Rs 17,616 crore a year ago, according to a regulatory filing.

Its net interest income -- or the difference between interest earned and interest paid -- increased 3.2 per cent to Rs 33,082 crore for the final three months of FY26, slightly below expectations.

HDFC Bank was expected to register a net profit of Rs 19,200 crore and net interest income of Rs 33,660 crore.

The bank staged an improvement in its asset quality, beating Street expectations.Asset quality is gauged by sequential changes in the proportion of bad loans in total loans.

HDFC Bank's gross non-performing assets (NPAs) or bad loans stood at 1.15 per cent for the March quarter, versus 1.24 per cent for the previous three months.

Its net NPAs were recorded at 0.38 per cent of total loans, decreasing from 0.42 per cent three months ago.

HDFC Bank's fourth-quarter gross and net NPAs were pegged at 1.2 per cent and 0.4 per cent of its total loans, respectively, unchanged from the previous three months.

The private lender reported Rs 2,610 crore in provisions for the quarter ended March 31, 2026, as against Rs 2,838 crore for the quarter ended December 31, 2025, and Rs 3,193 crore for the quarter ended March 31, 2025.

The bank's capital adequacy ratio a key metric that compares a lender's capital to its risk-weighted assets -- stood at 19.71 per cent as of March 31.

Earlier this month, the private lender reported growth of 12.80 per cent and 12 per cent in deposits and gross loans for the March quarterly.The bank declared a dividend of Rs 13 per equity share a 1,300 payout given the face value of Re 1 per equity share.

Read More

ICICI Bank Q4 Results: Net profit up 8.5%, announces Rs 12 dividend

ICICI Bank, one of India’s leading private lenders, on Saturday reported a net profit of Rs 13,702 crore in the fourth quarter of FY26, marking an increase of 8.5% year-on-year from Rs 12,630 crore reported in the same quarter last year.

The company’s net interest income stood at Rs 22,979 crore, higher by 8.4% from the Rs 21,193 crore posted in the corresponding quarter of the previous financial year, ICICI Bank said in a regulatory filing.

The company’s provisions witnessed a notable decline of 89% to Rs 96 crore, sharply lower from Rs 891 crore in the same quarter last year. Provisions in the previous quarter came in at Rs 2,556 crore.

The bank’s asset quality improved sequentially, with gross NPA easing to 1.4% from 1.53% in the previous quarter. In absolute terms, gross NPAs declined to Rs 23,051.9 crore from Rs 23,758 crore earlier.

ICICI Bank’s total advances rose 15.8% year-on-year and 6% sequentially to Rs 15.53 lakh crore, reflecting steady credit growth.

ICICI Bank’s net NPA (NNPA) eased to 0.33% from 0.37% in the previous quarter.

On a consolidated basis, profit after tax rose to Rs 14,755 crore during the quarter under review, higher from Rs 13,502 crore in Q4FY25.

Consolidated assets increased 10.3% year-on-year to Rs 29.14 lakh crore as of March 31, 2026, compared to Rs 26.42 lakh crore as of March 31, 2025.

Read More

YES Bank Q4 Profit jumps 45%; NII up 16%

YES Bank Ltd on Saturday reported a 44.7 per cent year-on-year jump in its standalone net profit for the quarter ended March 31, 2026. The private sector lender's bottom line climbed to Rs 1,068.42 crore, up from Rs 738.12 crore in the corresponding quarter of the previous financial year.

The bank's Net Interest Income (NII) witnessed a 16 per cent growth, coming in at Rs 2,637.7 crore for the fourth quarter, compared to Rs 2,276.36 crore in the same period last year. Total income for the quarter also edged higher to Rs 9,381.07 crore, up from Rs 9,355.39 crore a year ago, with other income contributing Rs 1,730.17 crore to the top line. 

On the asset quality front, the gross non-performing assets (NPA) ratio shrank to 1.3 per cent, or Rs 3,604.93 crore at the end of Q4 FY26, dropping from 1.6 per cent, or Rs 3,935.61 crore, in the year-ago period. The Net NPA ratio also steadily improved, narrowing to a mere 0.2 per cent from 0.3 per cent last year. 

"During Q4 FY26, in alignment with some of the evolving conservative provisioning practices, the bank has proactively strengthened standard asset provisioning coverage by making a one-time provision of Rs 341 crores," the bank said in its exchange filing. "This does not reflect any deterioration in asset quality, impairment, or adverse credit development within the portfolio," YES Bank added. 

Vinay M. Tonse, Managing Director & CEO of YES Bank, said, "YES BANK concluded FY26 on a strong footing, delivering a Q4 RoA of 1.0% in line with our guidance, supported by a 20 bps improvement in NIMs, an improvement in cost to income ratio and the lowest GNPA and NNPA levels since FY20."

Read More

Armed Robbers Loot Nationalized Bank In MP City, Decamp With Gold, Silver, Cash

In Singrauli, Madhya Pradesh, there has been a report of a daylight bank heist. Lacs of rupees' worth of cash have been stolen from the bank. 

On Friday afternoon, five armed thieves broke into the Bank of Maharashtra branch in Baidhan and took silver, gold, and cash. The thieves took off with about 9–10 kilogram of gold and Rs 20 lakh in cash. The estimated value of the gold is approximately Rs 15 crore. The incident happened on Friday afternoon at around 1:00 PM. 

They swiftly kidnapped employees. The thieves stole money while brandishing firearms at patrons and staff. Superintendent of Police Manish Khatri claims that the criminals requested the cash details and the bank manager's keys.

When the manager refused, they assaulted him. They hit him on the head with the butt of a gun, created a ruckus inside the bank for about 20 minutes, and finally escaped with a box full of cash.

Manish Khatri, the Singrauli Superintendent of Police (SP), personally came at the location with his squad after learning of the occurrence. Every way out of the city has been blocked off. To identify the criminals' escape path, CCTV video from the bank and nearby roadways is being analyzed.

The Superintendent of Police claims that no guard was there when the incident occurred. Additionally, the attackers fired a shot.

Three suspects are seen exiting the bank in CCTV footage from a store across from it. One robber can be seen waiting on a parked bike outside the bank when they first appear in the video.

Then two men with a bag come out from within. The three suspects rode off in the direction of Baidhan town on the same bike.

Read More

Tentative date of results of PSU and Private Banks for Q4FY26

  

Bank	Result Date
Bank of Baroda (BOB)	6th May (T)
Bank of India(BOI)	9th May (T)
Bank of Maharashtra(BOM)	20th April
Canara Bank	8th May (T)
Central Bank of India	28th April (T)
Indian Bank	3rd May (T)
Indian Overseas Bank(IOB)	2nd May (T)
Punjab & Sind Bank	29th April (T)
Punjab National Bank(PNB)	8th May (T)
State Bank of India(SBI)	3rd May (T)
UCO Bank	28th April (T)
Union Bank of India	9th May (T)
Axis Bank	25th April
HDFC Bank	18th April
ICICI Bank	18th April
Kotak Mahindra Bank	2nd May
Indusind Bank	20th April
IDBI Bank	28th April (T)
IDFC First Bank	25th April
Yes Bank	18th April

Read More

CBI Action: Bank of India(BOI) General Manager(GM) Under Scanner in Fraud Case

According to reports, the General Manager (GM) of Bank of India is the target of a case filed by the Central Bureau of Investigation (CBI). Ten entities/firms with cash credit (CC) and overdraft (OD) accounts with Bank of India allegedly gave him an unfair advantage totaling Rs 43.42 lakh.

He was employed by Bank of India as Chief Manager at the time. According to the CBI, a complaint was filed claiming that A. Kumar, while employed as Chief Manager of the Bank of India, Itwari Branch, Nagpur, between February 2024 and March 2025, had obtained an unfair advantage from the entities/firms involved in a transaction or business he conducted.

"It is observed that Kumar permitted Temporary Overdraft (TOD) or Temporary Loan (TOL) transactions without reporting under prudential supervisory reporting system and in violation of the Bank's guidelines," the bank's Chief Vigilance Officer wrote in a February letter to the CBI. It was discovered that money that had been moved to Kumar's savings account had been embezzled.

Kumar abused his official position as the Chief Manager and sanctioning authority at the time by transferring funds to his personal account, allowing unauthorized TOD/TOL without customer applications, and debiting cash credit/loan accounts with insufficient funds.

Additionally, he deceived some borrowers into sending money out of compassion. He has permitted the transfer of money for personal benefit without the consent of the client in situations where no formal directive was received.

It has been reported that these funds were used for stock market investments. Considering the aforementioned, it was determined that he had prima facie criminal intent. Therefore, I believe that a Prevention of Corruption Act investigation is necessary.

In accordance with Section 11 of the Prevention of Corruption Act (obtaining undue advantage by a public servant without consideration from a person concerned in a proceeding or business transacted by such public servant), the CBI has filed a case against Kumar.

Read More

Chief Manager and AGM of PSU Bank sentenced Two Year Jail in Gujarat

On April 10, 2026, a CBI court in Ahmedabad found three retired Punjab National Bank (PNB) employees guilty of bank fraud and sentenced six additional people, including ordinary citizens and a business. 

Gurinder Singh, a retired assistant general manager, K.G.C.S. Iyer, a retired chief manager, and K.E. Surendranath, a retired senior manager, are the authorities found guilty. The court fined each of the three officials ₹1 lakh and sentenced them to two years of hard labor.

Sanjay Nagjibhai Patel was sentenced to three years of rigorous imprisonment and a fine of ₹50,000, Satish Nagjibhai Davra to two years and a fine of ₹50,000, Hitesh Domadiya to three years and a fine of ₹1 lakh, Vaishaliben Davra to two years and a fine of ₹50,000, and Ramilaben Bhikadiya to two years and a fine of ₹50,000. 

Additionally, M/s Jalpa Enterprise Pvt. Ltd. was fined ₹50,000 by the court. On August 22, 2016, the Central Bureau of Investigation (CBI) filed a case against Shailesh Bhikhabhai Satasia, proprietor of M/s Shree Kali Textiles, Surat, along with other accused including Sanjay Nagjibhai Patel and Satish Nagjibhai Davra, and unknown private persons and public servants.

The inquiry reveals that on July 10, 2011, M/s Shree Kali Textiles requested for a term loan of ₹3.70 crore with a cash credit limit of ₹40 lakh in order to buy 44 water jet weaving machines and for commercial operations. On July 29, 2011, then-AGM Gurinder Singh approved the loan on the advice of bank executives K.E. Surendranath and K.G.C.S. Iyer. 

Together with collateral like land and residential apartments, the machines served as major security. In order to get the loan, the accused presented false documentation. The accused benefited unfairly from the loan's approval and disbursement by bank personnel, which cost Punjab National Bank, Surat ₹156.98 lakh plus interest.

Read More

Huge Gold Loan Scam in Bank in Uttarpradesh

An inquiry into a large-scale gold loan fraud at the Canara Bank branch in Civil Lines, Prayagraj, has shown that multiple individuals obtained loans totaling lakhs of rupees by presenting counterfeit gold. The complaint claims that anomalies were discovered in 18 gold loan accounts, of which 16 individuals used counterfeit gold to obtain loans worth ₹57,19,800. This sum has grown in value over time to ₹64,01,990.

Canara Bank's Assistant General Manager and Regional Head, Pankaj Verma, reported the entire incident in a formal complaint to the Civil Lines police station. The police registered the case on April 10, 2026, following an investigation, despite the fact that the FIR was filed in July 2025.

The report of Vishnu Sharma, the gold appraiser, was used to approve the loans. Suspicions grew after Kaushal Kishore Verma, another gold appraiser, carried out an investigation. The pledged gold was discovered to be counterfeit during a second test carried out by Sudhanshu Verma on July 3, 2025, and Shivkumar Verma on July 15, 2025, as directed by the bank.

Bank personnel were terrified when the case was made public. The Civil Lines police station then received a case against sixteen named people as well as additional unnamed people. Police have opened an investigation and registered the fraud complaint.

When a customer approaches a bank for a gold loan, the bank calls a goldsmith to conduct the valuation and purity of the gold. On the basis of the value of Gold, the bank sanctions gold loan up to 80% of the value. So, the role of goldsmith is very important in identifying the purity of Gold. If the goldsmith cheats, then the gold scam is inevitable.

Read More

Bank Manager detained in connection with the massive Mudra loan scandal in Delhi

A top bank executive was detained on Saturday by the Uttar Pradesh Special Task Force (STF) on suspicion of being involved in a massive loan scam that was carried out under the Pradhan Mantri Mudra Yojana using fictitious names and false papers.

Former Union Bank of India branch manager Nitin Chaudhary worked as a credit manager at the bank's Basant Vihar branch in Delhi. A combined squad from the Lucknow Cyber Crime Police Station and the STF nabbed him at the Basant Vihar branch.

Raj Bahadur Gurung, a resident of Lucknow, submitted the complaint at the STF headquarters. He claimed to have signed some bank documents and engaged an intermediary to obtain a business loan. He was then told, though, that his loan application had been turned down. Surprisingly, he started getting reminders about unpaid EMI payments about five or six months later.

He discovered that two loans had already been approved in his name without his knowledge or approval when he checked his credit report. He complained to the authorities.

Under the direction of top officers, STF initiated a thorough investigation in response to the complaint. A well-run nationwide scheme including bank employees, middlemen, and document forgers was discovered through technical surveillance and information collection.

The police discovered that this scam was being run by a syndicate. According to investigations, the syndicate used identification documents including Aadhaar and PAN cards to illegally process loans in the names of gullible people. Forged signatures were utilized to finish the paperwork, and photos of gang members were digitally changed to replace the photos on these IDs. 

The STF discovered that loans totaling several crores had been fraudulently approved across many banks, targeting over 100 people and organizations. A case was filed at the Cyber Crime Police Station in Lucknow on September 13, 2025, after STF detained four suspects, including Gaurav Kumar, another Union Bank branch manager.

Subsequent interrogation and analysis of seized documents led investigators to identify Aamir Ahsan as the mastermind of the operation. He was arrested on February 15, 2026.

Nitin Chaudhary, who had been absconding, was identified as a key conspirator and was finally tracked down and arrested from Delhi.

Additional SP, STF, Vishal Vikram Singh, said that during sustained interrogation, Chaudhary revealed that he had come into contact with co-accused Naveed, a vendor associated with the bank’s regional office, during his posting in Lucknow.

Their acquaintance soon turned into a criminal partnership aimed at earning money through fraudulent loan approvals.

The gang came up with a methodical plan to take advantage of the Mudra loan scheme's weaknesses. To produce the quotes needed for loan approvals, phony businesses were established. The recipients of the loan amounts were these shell corporations, which were under the management of Naveed and Aamir.

More information will soon be made public as the police continue their investigation.

Read More

Registration of Bank of India(BOI) Officers Organisation cancelled in Rajasthan

The Bank of India Officers' Organization (BOIOO-NOBO) has had its registration revoked by the Rajasthan Registrar of Trade Unions due to several irregularities, such as falsified signatures and inconsistent membership records.

The Office of the Registrar of Trade Unions, Rajasthan, has revoked the Bank of India Officers' Organization's (BOIOO-NOBO) registration, which is a major step in the banking trade union sector. Following a thorough review of documents, complaints, and statutory compliance under the Trade Unions Act, 1926, the order, dated March 25, 2026, was issued.

The organisation held Registration No. RTU-01/2022 dated 06.01.2022, which now stands cancelled with immediate effect.

The order states that complaints and supporting documentation submitted to the authority were reviewed before the decision was made. The Registrar noted that the registration was obtained in contravention of the Trade Unions Act's,1926 restrictions. 

The authority observed that the registered union did not provide a satisfactory answer throughout the hearings, even though they were given opportunities to state their position. Statements from a few people who claimed their names were added as founding members without their permission are included in the order. 

Additionally, they rejected signing any registration-related paperwork. The authority began to doubt the veracity of the documents provided during the registration process as a result of these allegations. The ruling was mostly based on the allegations of falsified signatures and unapproved name inclusion.

Inconsistencies in the membership information provided at the time of registration were discovered during examination. The stated membership strength did not correspond with the official records that were at hand. In order to reflect increased membership numbers, it was also noted that names of those connected to another union were included. 

This discrepancy was identified as a significant anomaly in the registration procedure. The organization's declaration of a bank property as its registered office without the necessary authorization or No Objection Certificate (NOC) from the bank was also highlighted by the Registrar. 

This was regarded as a violation of the Trade Unions Act of 1926's legal requirements. According to the order, the registered union received notices that gave it a chance to voice its opinions.However, no office bearers appeared before the authority, and no response was submitted to address the observations raised.

Based on the findings, the Additional Labour Commissioner & Registrar of Trade Unions, Rajasthan, exercised statutory powers under the Trade Unions Act, 1926, and ordered cancellation of the registration granted on 06.01.2022.

The cancellation has been made effective immediately.

The order appears to have been circulated to all concerned parties, including the bank’s head office. As of now, no further developments from the bank’s end have been reported.

The cancellation of BOIOO-NOBO’s registration follows documented findings related to discrepancies in membership records, alleged forged declarations, and procedural non-compliance. The order, issued on 25 March 2026, brings the registration granted under RTU-01/2022 to an immediate end.

Read More