CSB Bank, a private lender, reported on Wednesday a 27% increase in net profit for the June quarter, reaching 150 crore rupees. This growth was driven by an increase in core income.
Last year, the bank earned 119 crore rupees in profit. The bank's total income increased to 1,516 crore rupees compared to 1,286 crore rupees the previous year. According to CSB Bank's regulatory reporting, interest income grew to 1,287 crore rupees from 1,041 crore rupees.
The bank's net interest income also increased by 26%, amounting to 479 crore rupees compared to 379 crore rupees in the same quarter of the previous fiscal year. Furthermore, the quality of the bank's assets improved: gross non-performing assets (NPA) decreased to 1.75% of total loans as of June 30, 2026, compared to 1.84% the previous year.
Similarly, net NPAs decreased to 0.39% from 0.66% at the end of the first quarter of the previous fiscal year. As a result, reserves and unforeseen expenses decreased to 49 crore rupees compared to 61 crore rupees allocated in the same quarter the previous year. However, the bank's capital adequacy ratio decreased to 19.96% from 21.71% as of June 30, 2025.
The public sector lender Indian Overseas Bank (IOB) reported a significant increase in net profit of 49.3 percent year-on-year on Monday. Over the three months ending in June 2026, the bank earned 1,659 crore rupees, which was attributed to an improvement in asset quality.
In the same quarter last year, the bank had recorded a net profit of 1,111 crore rupees. According to the report submitted to the stock exchange system, total income for the period from April to June increased to 10,938 crore rupees compared to 8,866.47 crore rupees the previous year.
The bank's asset quality showed positive momentum. The Gross Non-Performing Assets (GNPA) ratio decreased to 1.33 percent for the June quarter of fiscal year 27, down from 1.97 percent the previous year. Similarly, Net NPA reduced to 0.18 percent from the previous 0.32 percent.
Furthermore, provisions amounted to 834 crore rupees in the quarter under review, which remained almost unchanged compared to 844 crore rupees the previous year, although this is less than the 1,006 crore rupees recorded in the March quarter. At the time of afternoon trading, IOB shares were trading 4.11 percent higher on the BSE, reaching the mark of 35.2 rupees.
Shyam Metalics and Energy Ltd announced its first-quarter results, noting a 20.6 percent growth in consolidated profit after tax, reaching ₹350.73 crore for the quarter ending June 30, 2026. Previously, in the same period last year, the profit was ₹290.67 crore.
The company's revenue increased to ₹5,502.18 crore compared to ₹4,476.60 crore in the corresponding quarter of the previous fiscal year, as stated in the documentation filed with BSE. The Board of Directors approved the payment of the first interim dividend of ₹1.80 per share for 2026-27 at a meeting on Monday.
Furthermore, an increase in capital amounting to up to ₹4,500 crore was approved through the issuance of shares, debentures, or equity-linked instruments. The company specified that the fundraising could include convertible or non-convertible preference shares, as well as fully or partially convertible bonds.
Chairman and Managing Director Bridge Bhushan Agarwal stated that the first quarter of FY27 started on a strong footing due to disciplined execution, operational excellence, and the robustness of the integrated business model. He noted that during the quarter, revenue, EBITDA, and profit after tax grew by 23%, 28%, and 21% respectively year-on-year. An improvement in EBITDA margin by 100 basis points was also noted, supported by a sustained increase in operating efficiency.
Agarwal added that thanks to a strong financial position, a diversified portfolio, and a clearly defined growth plan, the company is well-positioned to capitalize on emerging opportunities and create sustainable long-term value for all stakeholders. The group is engaged in the production of steel and related products, including pellets, sponge iron ore, MS billets, TMT, and long products, special alloys, coated sheets, aluminum foil, cast iron, stainless steel, as well as generating power for its own consumption.
The public sector bank Indian Bank, based in Chennai, announced a 10% increase in net profit for the first quarter of the current fiscal year, reaching INR 3,273 crore. In the same quarter of the previous fiscal year, the profit was INR 2,973 crore.
According to the report submitted to the regulator, the bank's total income for the June quarter of 2026-27 increased to INR 20,724 crore compared to INR 18,721 crore in the corresponding period of FY 26. Interest income also improved, amounting to INR 18,090 crore versus INR 16,283 crore a year earlier.
Net Interest Income (NII) grew by 17%, reaching INR 7,435 crore compared to INR 6,359 crore in the June quarter of FY 26. Furthermore, the bank's operating profit rose to INR 5,557 crore from INR 4,770 crore recorded in the same quarter last year.
The bank demonstrated an improvement in asset quality: Gross Non-Performing Assets (NPA) decreased to 1.86% of total loans by the end of June, down from 3.01% a year earlier. Similarly, Net NPAs, or bad loans, reduced to 0.15% compared to 0.18% in the previous year.
As a result of these changes, provisions for bad loans were reduced to INR 376 crore in the first quarter, down from INR 387 crore a year ago. The Provision Coverage Ratio (PCR) remained unchanged at 98.2% during the quarter.
The Return on Assets (ROA) improved to 1.34% for June 2026, whereas it was 1.03% in June 2025. Meanwhile, the bank's capital adequacy ratio decreased to 17.80% from 17.99% in the same quarter of FY 26.
