IDFC First Bank announced a record quarterly profit after tax (PAT) of ₹1,075 crore for the period from April to June of the current fiscal year. This figure significantly exceeds the ₹463 crore recorded a year earlier, demonstrating a growth of 132.4 percent.
According to the report submitted to the stock exchange, the total client business volume increased to ₹604,776 crore as of June 30, 2026. This is compared to ₹510,031 crore on June 30, 2025, corresponding to a growth of 18.6 percent.
The bank also reported that its loans and advances grew to ₹305,370 crore at the end of June 2026, up from ₹253,233 crore at the end of June 2025, representing a growth of 20.6 percent. Furthermore, asset quality improved: Gross Non-Performing Assets (Gross NPA) decreased to 1.51 percent compared to 1.97 percent at the end of June 2025. Net Non-Performing Assets (Net NPA) also improved, standing at 0.44 percent versus 0.55 percent at the end of June 2025.
The bank's net interest margin rose to 5.96 percent during the quarter under review, compared to 5.71 percent a year earlier. Due to macro-geopolitical uncertainty, the bank decided to create a provision of ₹515 crore on a prudent basis.
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.
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.
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.
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.
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.
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.
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).
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).
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.
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).
