Board approves unaudited Q2 and half-year results; auditors' limited review carries unmodified conclusion

Board approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, and took note of the Limited Review Reports.

Mon 12 Oct 2026

Standalone Total Income (Q2)

₹539,945 lakh

Standalone Net Profit (Q2)

₹48,177 lakh

Consolidated Net Profit (Q2)

₹49,836 lakh

Board meeting outcome

The Board of Directors, at its meeting held on October 12, 2026, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, as considered and recommended by the Audit Committee. The Board also took note of the Limited Review Reports on those results issued by the joint statutory auditors, KKC & Associates LLP and Singhi & Co., Chartered Accountants, which carry an unmodified conclusion.

Standalone numbers (₹ in lakh)

• Total Income: 539,945 for the quarter ended September 30, 2026.
• Net Profit (+) / Loss (-) for the period: 48,177 for the quarter and 73,547 for the half year, higher than the corresponding periods a year earlier.
• Interest earned is the largest part of Total Income, to which Other Income is added; Other Income includes commission from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions and profit and loss (including revaluation) from investments.

Consolidated view (₹ in lakh)

• Total Income: 540,165 for the quarter.
• Net Profit (+) / Loss (-) for the period: 49,836 for the quarter, higher than a year earlier.

Asset quality and capital

• Gross NPA: 1.02% and Net NPA: 0.29%, both lower than at September 30, 2025.
• Capital adequacy ratio under Basel III: 30.10%, higher than a year earlier.
• The Bank has included the profits earned during the quarter and half year in computing its Capital to Risk-Weighted Assets Ratio, as set out in the notes.
• The financial results are arrived at after considering provisions for standard assets, exposures to entities with unhedged foreign currency exposures, non-performing assets, investments and income-tax.

Ownership and corporate actions

• Emirates NBD Bank P.J.S.C. is classified as the promoter and holds the majority of the expanded paid-up equity share capital; the Bank is a subsidiary of Emirates NBD.
• The Scheme of Amalgamation of Emirates NBD Bank P.J.S.C. - India Branch with the Bank, under Section 44A of the Banking Regulation Act, 1949, has an appointed date of April 1, 2026, was approved by shareholders at an extraordinary general meeting, and is subject to RBI approval, for which an application has been made.
• Shares were allotted during the quarter and half year under the Bank's Employee Stock Option Scheme.

Other disclosures in the notes

• The results were reviewed by the Audit Committee and are hosted on the Bank's website.
• For loans not in default acquired through assignments, the acquired loans are retail loans, fully secured, with the originator retaining part of the beneficial economic interest.
• Co-lending arrangements are made in housing loans, loans against property and loans against ornaments/ jewellery, and the loans there are standard.
• Projects under implementation were reported at the end of the quarter, with some of those accounts having resolution plans implemented.
• Accounts restructured under the COVID-19 resolution framework continue to be reported, with the exposure to standard accounts under resolution plans lower at September 30, 2026 than at March 31, 2026.

How to read this

This is the Bank's quarterly results announcement. The headline takeaways are the profit, income, asset-quality and capital figures for the quarter and half year ended September 30, 2026, together with the auditors' unmodified limited review conclusion on both the standalone and consolidated results.

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