July 24, 15:44

Aloqabank's profit increased by 21.4% in the first half of the year

Aloqabank's net profit for the first half of 2026 amounted to 252 billion soums, demonstrating a growth of 21.4% compared to the same period last year.

Financial indicators for the year

According to the bank's financial statements, over the last twelve months, profit reached 295.9 billion soums, exceeding the previous year's figure by 2.8%. The bank's assets at the end of the reporting period increased by 31.3% year-on-year, reaching 36.7 trillion soums. Equity capital also grew by 30%, amounting to 4.9 trillion soums.

The bank's total income reached 3.2 trillion soums, which is 28% more than in the previous year. At the same time, reserves for possible loan losses decreased by 29.1%, amounting to 108.4 billion soums. As of June 1, Aloqabank's loan portfolio reached 21.1 trillion soums, showing an increase of 41.9% compared to the same period last year.

business-standard.comJuly 18, 14:41

IDBI Bank reports first quarter of fiscal year 2026-27: net profit increased by 5%

IDBI Bank reported the results for the first quarter of the current fiscal year in its regulatory filings. The bank noted an increase in total income to INR 8,573 crore for the June quarter of 2026-27, compared to INR 8,458 crore a year earlier.

Quarterly Financial Performance

During the first quarter of the current fiscal year, the bank demonstrated a 5% increase in net profit, reaching INR 2,115 crore. This exceeds the net profit of INR 2,007 crore earned in the same quarter of the previous fiscal year.

The bank's interest income increased to INR 7,541 crore, whereas it was recorded at INR 7,021 crore in the June quarter of fiscal year 2026. Furthermore, Net Interest Income (NII) rose to INR 3,486 crore, which is 10% more than INR 3,166 crore in the first quarter of last year.

Operations and Asset Quality

Despite the rise in revenues, the bank's operating profit decreased to INR 2,168 crore compared to INR 2,354 crore a year ago. The Net Interest Margin slightly declined to 3.61%, compared to 3.68% in the April-June period of last year.

The quality of the bank's assets improved: Gross Non-Performing Assets (NPA) decreased to 2.3% of total loans by the end of June, down from 2.93% a year earlier. Similarly, Net NPAs, or bad loans, reduced to 0.16% from 0.21% in the period preceding the year.

Balance Sheet Growth

The total loan book grew to INR 258,968 crore as of June 30, 2026, which is 22% more than INR 211,907 crore on June 30, 2025. Total deposits increased by 10% to INR 325,757 crore at the end of June 2026, compared to INR 296,782 crore at the end of June 2025.

The Provision Coverage Ratio (PCR) remained unchanged at 99.31% as of June 30, 2026. Meanwhile, Return on Assets (ROA) decreased to 1.89% in June 2026 compared to 2.01% a year earlier.

business-standard.comJuly 15, 12:45

Union Bank of India's net profit grew by 29.5% in the first quarter of the fiscal year 2027

The public sector bank Union Bank of India reported a significant increase in its net profit for the first quarter of the fiscal year 2027 (Q1FY27), which ended in June 2026. The company's profit reached 5,332 crore rupees, representing a 29.5% growth compared to 4,116 crore rupees in the same period last year. This growth was driven by a healthy increase in core income and a reduction in operating expenses.

Financial Performance and Income

The bank's Net Interest Income (NII) increased by 10.1% year-on-year in Q1FY27, amounting to 10,037 crore rupees versus 9,113 crore rupees the previous year. Meanwhile, the Net Interest Margin (NIM) improved to 2.80%, up from 2.76% in the previous year. Non-interest income grew by 2.6% year-on-year to 4,603 crore rupees, but sequentially declined by 15% compared to the March quarter (4,486 crore rupees).

Income Breakdown

Within the non-interest income structure, fee-based income showed significant growth, increasing by 45% year-on-year to 3,215 crore rupees (compared to 2,218 crore rupees). This figure remained relatively stable compared to the previous quarter, increasing by only 0.2% (to 3,209 crore rupees). Concurrently, treasury income sharply fell by 54.5% year-on-year, reaching 645 crore rupees (compared to 1,418 crore rupees), although it showed a slight increase of 1.4% compared to the previous quarter (636 crore rupees).

Asset Quality and Lending

Regarding asset quality, the Gross Non-Performing Assets (GNPA) ratio improved to 2.65% as of June 2026, down from 3.52% a year earlier. The Net NPA ratio decreased to 0.47% from 0.62%. Furthermore, the slippage ratio improved to 0.82% compared to 0.99% last year.

The total volume of global loans grew by 12.5% year-on-year, reaching 10.96 trillion rupees from 9.74 trillion rupees. Internal loans increased by 13.1% to 10.61 trillion rupees, and retail loans grew by 12.1% to 2.57 trillion rupees (from 2.29 trillion rupees). The loan volume in the Retail, Agriculture, and MSME (RAM) segments expanded by 11.6% to 6.08 trillion rupees.

Liabilities Side and Deposits

On the liability side, global deposits increased by 3.5% year-on-year, reaching 12.83 trillion rupees (from 12.40 trillion rupees). Internal deposits also grew by 3.5% to 12.83 trillion rupees. The domestic Current Account Savings Account (CASA) ratio improved to 35.10% from 32.52%, and CASA deposits themselves increased by 12.5% year-on-year, totaling 3.76 trillion rupees (compared to 3.34 trillion rupees).