Kolkata, October 15, 2026: A leading bank reported a 26.77% year-on-year increase in net profit to Rs 786 crore for the quarter ended September 30, 2026, up from Rs 620 crore in the same period last year, according to its Q2 FY 2026-27 results.
Total business as of September 30, 2026, stood at Rs 6,37,280 crore, reflecting an 18.81% year-on-year growth. Gross advances rose by 24.70% to Rs 2,87,690 crore, while total deposits increased by 14.36% to Rs 3,49,590 crore.
CASA and segment performance
Total CASA (Current Account Savings Account) reached Rs 1,22,259 crore, marking a 10.59% year-on-year growth. Savings deposits grew by 9.10% to Rs 1,03,736 crore, and current deposits increased by 19.70% to Rs 18,523 crore. The CASA ratio stood at 36.77%.
The RAM (Retail, Agriculture, MSME) segment advanced by 26.92% year-on-year to Rs 1,68,736 crore. Within this, retail advances grew by 30.23%, agriculture advances by 29.59%, and MSME advances by 20.32%.
Profitability and asset quality
Operating profit for the quarter rose 16.04% year-on-year to Rs 1,872 crore. Net interest income increased by 13.96% to Rs 2,886 crore, while fee-based income grew 34.66% to Rs 558 crore. The global net interest margin (NIM) improved by 10 basis points to 3.00%, and domestic NIM rose by 11 basis points to 3.19%. Cost of funds improved by 13 basis points to 4.44%, and yield on domestic advances stood at 8.11%. The cost-to-income ratio improved to 50.39% from 52.79% a year ago, and return on assets (ROA) increased by 9 basis points to 0.80%.
Gross NPA was reduced by 60 basis points year-on-year to 1.96%, and net NPA fell by 25 basis points to 0.18%. The provision coverage ratio stood at 98.36%, with tangible PCR at 90.88%. The slippage ratio for the quarter was 0.85% (annualized).
Advances and operational efficiency
Retail advances reached Rs 76,817 crore, up from Rs 58,987 crore a year earlier, with home loans and vehicle loans growing by 20.29% and 61.91% respectively. Agriculture advances stood at Rs 41,014 crore, and MSME advances at Rs 50,905 crore. The credit-to-deposit ratio increased to 82.29% from 75.47% last year.
Business per employee improved to Rs 30 crore, up from Rs 25 crore, and business per branch rose to Rs 185 crore from Rs 161 crore as of September 30, 2025.
Branch network and capital adequacy
The bank operated 3,439 domestic branches and 3 international branches in Hong Kong, Singapore, and IBU Gift City as of September 30, 2026. Of the domestic branches, 61% are located in rural and semi-urban regions, supporting financial inclusion initiatives.
The capital adequacy ratio (CRAR) stood at 18.85%, with a Tier I capital ratio of 17.27% at the end of the quarter.
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