The state-owned lender posted a standalone net profit of ₹1,324 crore for the quarter ended June 30, 2026, compared with ₹1,169 crore in the year-ago period. Net interest income (NII), a key measure of core lending income, rose 16% to ₹3,994 crore from ₹3,384 crore a year earlier.
Gross non-performing assets (GNPA) improved to 2.60% at the end of June from 2.67% in the March quarter, while net NPA remained unchanged at 0.49% sequentially. The bank’s provision coverage ratio stood at 95.86%.
Provisions and contingencies declined to ₹402 crore during the quarter from ₹504 crore in the preceding three months.Also read: Reliance Industries promoters raise stake after ₹9,000 share purchase in the June quarter
Operating profit before provisions and contingencies increased to ₹2,186 crore from ₹2,096 crore in the March quarter, although it was lower than ₹2,304 crore reported a year ago. Profit before tax came in at ₹1,785 crore, compared with ₹1,593 crore sequentially and ₹1,783 crore a year earlier.
On the balance sheet, gross advances rose to ₹3.47 lakh crore as of June 30, 2026, from ₹3.37 lakh crore at the end of March, while deposits increased to ₹4.79 lakh crore from ₹4.68 lakh crore over the same period.
The bank’s capital position also strengthened, with the Capital Adequacy Ratio under Basel III improving to 18.28% from 17.91% in the previous quarter. The Common Equity Tier-I (CET-I) ratio rose to 16.54% from 15.61%.
Slippages for the quarter stood at ₹939 crore, compared to ₹1,301 crore during the same quarter last year. Net interest Margins at the end of the June quarter narrowed by 10 basis points to 3.06% from 3.16% last year.
Shares of the company slipped following the results announcement and were trading at ₹32.18 as of 1.27 pm, down 1.32%. The stock has declined by close to 16% over the last six months.
