Q2 results: net profit ₹546.36 crore, gross NPA 2.23% of advances
Integrated financial results for the quarter and half year ended September 30, 2026 are out.
By ScoutQuest · · 2 min read
- Net profit (Q2)
- ₹546.36 crore
- Net profit (H1)
- ₹970.54 crore
- Gross NPA / Net NPA
- Gross NPA 2.23% of gross advances; net NPA 0.51% of net advances
What was announced
The Board of Directors took the integrated financial results of the bank for the quarter and half year ended September 30, 2026 on record at its meeting held on October 22, 2026. The figures below are from the standalone statement, which the joint auditors have reviewed; their conclusion is not modified by the matters they drew attention to.
Profit and asset quality
- Net profit after tax for the quarter ended September 30, 2026: ₹546.36 crore.
- Net profit after tax for the half year ended September 30, 2026: ₹970.54 crore.
- Gross NPA: 2.23% of gross advances; net NPA: 0.51% of net advances.
- Deposits: ₹1,76,795.93 crore; advances: ₹1,31,234.13 crore.
What the auditors drew attention to
The review report carries an Emphasis of Matter section. This points a reader to specific notes in the results; it is not a qualification, and the auditors state that their conclusion is not modified by these matters.
- PSLC accounting change: from April 1, 2026, expenditure and income relating to the purchase and sale of Priority Sector Lending Certificates are recognised on a systematic basis over the validity period of the certificates, instead of in full in the quarter in which the transactions are undertaken. This change increased profit after tax for the half year by ₹7.53 crore.
- Revaluation of unlisted equity investments: investments classified as Fair Value through Profit and Loss were valued at break-up value as per the RBI's investment portfolio directions. Appreciation relating to the period up to March 31, 2024 has been credited directly to Revenue Reserves, while appreciation relating to the financial years 2024-25 and 2025-26 has been included in Other Income for the quarter and half year as a prior period item.
- Investment Fluctuation Reserve: ₹263.63 crore was transferred from the IFR to the General Reserve during the year, after an RBI circular and the discontinuation of the requirement to maintain the IFR.
How a retail reader can use this
- The reported profit includes the effect of an accounting policy change and of revaluation-linked income, so part of the headline number comes from these adjustments rather than from day-to-day lending alone.
- Asset quality is expressed as a share of advances, which lets you compare it across quarters as the loan book changes size.
- Deposit and advance levels show the scale of the balance sheet on which the profit is being earned.
On the nature of the review
The auditors carried out a limited review, not an audit. They state that a review is limited primarily to inquiries of bank personnel and analytical procedures applied to financial data, and therefore provides less assurance than an audit; they do not express an audit opinion.
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More numbers
- Net profit after tax, quarter ended 30.09.2026 (Rs. in crores)546.36
- Net profit after tax, half year ended 30.09.2026 (Rs. in crores)970.54
- % of Gross NPAs to Gross Advances2.23%
- % of Net NPAs to Net Advances0.51%
- Increase in half-year profit after tax from PSLC accounting change₹7.53 crore
- Transfer from Investment Fluctuation Reserve to General Reserve₹263.63 crore
- Deposits as at 30.09.2026 (Rs. in crores)1,76,795.93
- Advances as at 30.09.2026 (Rs. in crores)1,31,234.13
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