The public sector and private sector banks have released the financial results for Q1FY27.
| Bank | Results |
|---|---|
| Bank of India (BoI) | Click Here |
| Punjab & Sind Bank | Click Here |
| Central Bank of India | Click Here |
| Union Bank of India | Click Here |
| Indian Overseas Bank | Click Here |
| Bank of Maharashtra | Click Here |
| State Bank of India (SBI) | Click Here |
| Punjab National Bank (PNB) | Click Here |
| Bank of Baroda (BoB) | Click Here |
| Canara Bank | Click Here |
| Indian Bank | Click Here |
| UCO Bank | Click Here |
The country’s second largest public sector lender had posted a net profit of Rs 4,541 crore in the previous corresponding quarter.
The lender, however, posted a 9.5 percent growth in net interest income for Q1 FY27 to Rs 12,524 crore, a near 10 percent growth from Rs 11,435 crore in the prior corresponding quarter.
The bank’s asset quality remained benign, with the net non-performing asset (NNPA) coming down by 10 basis points to 0.5 percent for the June quarter from 0.6 percent, while the gross NPA (GNPA) was at 1.99 percent, as compared to 2.24 percent in the first quarter of FY26.
The lender’s capital adequacy ratio was at 16.31 percent for the first quarter, as compared to 17.61 percent, a whopping 130 basis point drop.
The bank’s global advances grew 17.4 percent to Rs 14.16 lakh crore for Q1 FY27, as compared to Rs 12.07 lakh crore in the previous corresponding period. The bank’s deposits, however, grew lesser at 13.8 percent to Rs 16.33 lakh crore.
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The bank's Net Interest Income (NII), which measures income earned from lending activities after interest expenses, rose 13% YoY to ₹6,833 crore, up from ₹6,068 crore a year earlier. The increase reflects healthy growth in the bank's core lending operations and improved interest earnings.
Bank of India also reported continued improvement in its asset quality during the quarter. Gross Non-Performing Assets (GNPA) declined to 1.81% from 1.98% in the previous quarter, while Net Non-Performing Assets (NNPA) improved to 0.51% from 0.56% on a quarter-on-quarter basis. The lower bad loan ratios indicate better recovery efforts and stronger credit quality.
Net Profit up 36.2% to Rs 3,068 crore versus Rs 2,252 crore YoY
Net Interest Income (NII) up 12.6% to Rs 6,833 crore versus Rs 6,068 crore YoY
Gross NPA at 1.81% versus 1.98% QoQ
Net NPA at 0.51% versus 0.56% QoQ
Provisions to Rs 964 crore versus Rs 1,096 crore YoY
Provisions to Rs 964 crore versus Rs 990 crore QoQ
The lender's provisions stood at ₹963.6 crore, lower than ₹989.7 crore reported in the preceding quarter and ₹1,096 crore in the same quarter last year. The decline in provisioning reflects improving asset quality and reduced stress in the loan portfolio.
Net interest income (NII) — the difference between interest earned and interest expended — grew 16.86 per cent YoY to Rs 2,808 crore.
Non-interest income grew 69 per cent YoY to Rs 1,686 crore, driven by Rs 1,018 crore of recoveries from written-off accounts and a 35 per cent increase in fee income to Rs 505 crore.
The bank's net interest margin (NIM) stood at 3.24 per cent at the end of the quarter, compared with 3.19 per cent in the quarter ended March 31, 2026, and 3.18 per cent as of June 30, 2025.
Provisions made by the bank more than doubled to Rs 2,154 crore during the quarter, mainly due to tax-related provisions.
The bank's domestic advances grew 22.26 per cent YoY and 4.31 per cent quarter-on-quarter (Q-o-Q) to Rs 2.44 trillion. Retail advances grew 27.32 per cent YoY to Rs 71,549 crore, backed by growth in the home loan and vehicle loan portfolios. Agriculture advances expanded 30 per cent YoY to Rs 38,952 crore as of June 30, 2026, while advances to the MSME sector grew 18.79 per cent YoY to Rs 47,244 crore. Advances to corporates and others grew 17.14 per cent YoY to Rs 86,742 crore.
Domestic deposits grew 16.42 per cent YoY and 3.68 per cent Q-o-Q to Rs 5.58 trillion. Of this, current account savings account (Casa) deposits grew 12.34 per cent YoY but declined 1.37 per cent Q-o-Q to Rs 1.16 trillion. The Casa ratio stood at 36.94 per cent, compared with 36.91 per cent in Q1 FY26.
The bank has set a target of 10-12 per cent YoY growth in deposits and 12-14 per cent YoY growth in credit for FY27.
Asset quality improved, with the gross non-performing asset (NPA) ratio at 2.08 per cent in the quarter, compared with 2.17 per cent as of March 31, 2026. The net NPA ratio stood at 0.25 per cent as of June 30, 2026, against 0.27 per cent as of March 31, 2026.
There are a total of 395 vacancies for this recruitment. The cadre wise vacancies are given below. These are regular vacancies.
| Cadre | Scale / Grade | Vacancies |
|---|---|---|
| Manager | MMGS-II | 163 |
| Senior Manager | MMGS-III | 153 |
| Chief Manager | SMGS-IV | 52 |
| Assistant General Manager | SMGS-V | 20 |
| Deputy General Manager | TEGS-VI | 7 |
| Post Name | Educational Qualification |
|---|---|
| Local Bank Officer (LBO) | Bachelor’s Degree in any discipline from a recognized university, knowledge of the local language of the applied state, and a minimum of 1 year of relevant work experience. |
| Post Name | Vacancies |
|---|---|
| Local Bank Officer (LBO) | 545 |
The quarter's net interest income (NII) was ₹3,688 crore, up 34.30 percent from the same period last year. This was due to the ongoing moderation in the cost of deposits, which decreased to 4.70 percent from 5.10 percent.
Priority sector lending certificate (PSLC) commission increased more than thrice to ₹863 crore, driving a 45.85 percent year-over-year increase in non-interest income to ₹2,160 crore.
Non-interest income has shown a growth of 45.85 per cent, primarily driven by PSLC sales and recovery from technically written-off accounts, in addition to normal non-interest income," said Ajay Kumar Srivastava, Managing Director and CEO of Indian Overseas Bank.
The bank's domestic net interest margin (NIM) improved by 31 basis points year-on-year to 3.48 per cent in the June quarter, while global NIM rose by 33 basis points to 3.37 per cent.
Total provisions declined 1.18 per cent year-on-year to ₹834 crore from ₹844 crore in Q1 FY26, even as they fell 17.10 per cent sequentially from ₹1,006 crore in Q4 FY26. Of this, NPA provisions dropped sharply by 40.45 per cent year-on-year to ₹106 crore, while other provisions rose 9.31 per cent to ₹728 crore.
Operating expenses rose 68.81 per cent year-on-year to ₹3,155 crore in Q1 FY27, driven largely by an 80.45 per cent jump in staff expenses to ₹2,104 crore. Other expenses grew 49.36 per cent to ₹1,050 crore. The sharp rise in staff costs pushed the cost-to-income ratio up to 53.95 per cent from 44.22 per cent a year earlier.
On asset quality, gross non-performing assets (GNPA) stood at ₹4,292 crore as of June 2026, down 17.11 per cent from ₹5,178 crore a year earlier. Net NPAs fell 27.94 per cent to ₹588 crore from ₹816 crore. The GNPA ratio improved to 1.33 per cent from 1.97 per cent a year ago and 1.42 per cent in the previous quarter. The net NPA ratio stood at 0.18 per cent, compared with 0.32 per cent a year ago and 0.21 per cent in Q4 FY26. The provision coverage ratio (PCR) improved to 97.67 per cent from 97.47 per cent a year earlier.
The bank's capital adequacy ratio (CRAR) stood at 19.36 per cent as of June 2026, compared with 18.28 per cent a year earlier and 19.78 per cent in the preceding quarter.
On the business front, global advances stood at ₹3.22 trillion as of June 2026, up 22.75 per cent year-on-year, while total deposits rose 13.72 per cent to ₹3.76 trillion, taking the bank's total business to ₹6.98 trillion, up 17.72 per cent. The retail, agriculture and MSME (RAM) segment continued to gain share, rising to 81.21 per cent of domestic advances from 73.39 per cent a year earlier, with agriculture advances up 46.84 per cent and retail advances up 36.49 per cent year-on-year.
Current and savings account (CASA) deposits grew 6.61 per cent year-on-year to ₹1.54 trillion, though the CASA ratio (as a percentage of total deposits) slipped to 41.05 per cent (global) from 43.78 per cent a year earlier as term deposits grew faster. The credit-deposit ratio rose to 85.63 per cent (global) from 79.33 per cent, up 630 basis points year-on-year.
Sequentially, however, net profit increased from Rs 5,225 crore reported in the previous three months by just over 0.5% QoQ.
In the first quarter of FY27, the PSU lender's net interest income (NII) increased from Rs 10,578 crore to Rs 10,798 crore, an increase of more than 2% year over year.
While total term deposits rose by around 9% YoY to Rs 10.21 lakh crore, PNB's current account savings account deposits surged by about 8% YoY to Rs 5.69 lakh crore. Global advances, on the other hand, increased by almost 13% year over year to Rs 12.73 lakh crore. Return on assets (RoA) for the PSU lender dropped from Rs 1.06% in Q4 FY26 to 1.04% in Q1 FY27 from 0.37% in Q1 FY26. In contrast, during the reviewed quarter, Return on Equity (RoE) was 17.33%. Gross non-performing assets (NPAs) decreased to 2.78% at the end of the June quarter from 3.78% a year earlier, indicating an improvement in PNB's asset quality.
Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore from Rs 4,132 crore as on June 2025. Similarly, net NPAs, or bad loans, declined to 0.26%, as against 0.38% in the year-ago period.
However, provisions for bad loans rose to Rs 792 crore during the first quarter, as compared to Rs 396 crore in the same period a year ago. The bank’s capital adequacy ratio improved to 18.13% from 17.5% at the end of the first quarter of the previous financial year.
According to a regulatory statement by Punjab & Sind Bank, the total income for the June quarter rose to Rs 3,546 crore from Rs 3,379 crore in the same period of the previous fiscal year.The bank's interest earnings increased from Rs 2,911 crore in the June quarter of FY26 to Rs 3,213 crore.
The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year.Net interest margin was at 2.53 per cent at the end of the quarter under review.
During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago.
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.21 per cent of gross advances at the end of the June quarter from 3.34 per cent a year ago.
Its gross advance increased 19 per cent to Rs 1,19,290 crore from Rs 99,950 crore at the end of June 2025.Similarly, net NPAs, or bad loans, declined to 0.65 per cent against 0.91 per cent in the year-ago period.
As a result, provisions and contingencies dropped to Rs 94 crore during the first quarter compared to Rs 217 crore a year ago.Its provision coverage ratio (PCR) improved to 92.33 per cent from 91.77 per cent in the same quarter a year ago.
At the same time, return on assets (ROA) improved to 0.73 per cent for the first quarter of the current fiscal year, from 0.67 per cent in June 2025, it said.
Capital adequacy ratio of the bank slightly declined to 17.61 per cent from 17.9 per cent in the same quarter of FY26.The total business grew 15 per cent to Rs 2,66,420 crore from Rs 2,31,132 crore at the end of June 2025.
From Rs 3,166 crore in Q1 FY26 to Rs 3,486 crore in Q1 FY27, the bank's net interest income—the difference between interest received and interest expenses—rose more than 10% year over year.
Although it improved year over year, IDBI Bank's asset quality has somewhat deteriorated during the March quarter. Compared to 0.15% in Q4 FY26 and 0.21% in Q1 FY26, the lender's net non-performing asset ratio was 0.16%.
Provisions and contingencies stood at a negative Rs 637 crore, as against a negative Rs 179 crore in the year-ago period. Capital adequacy ratio, meanwhile, increased to 26.92% during the quarter under review, while return on assets stood at 1.89%.
IDBI Bank’s total deposits grew 10% YoY to Rs 3.26 lakh crore, while net advances rose 22% YoY to Rs 2.59 lakh crore. Credit deposit ratio stood at 79.5%, marking an improvement by 810 bps YoY and 644 bps QoQ. Net interest margin (NIM) stood at 3.61%. The lender’s total balance sheet increased 10% YoY to Rs 4.44 lakh crore.
The company’s current account savings account ratio stood at 43.64%, marking a 99 bps fall since June last year. CASA, meanwhile, grew 7% YoY to Rs 1.42 lakh crore in Q1 FY27.
Over a longer term, IDBI Bank shares have delivered a negative return of 13% over one year, but positive returns of 50% in three years and 130% in five years. The company has a market capitalisation of nearly Rs 93,546 crore.
