Mumbai, Jan 17: The Bank today announced its financial results for the quarter ended December 31, 2025 (Q3FY26), reporting strong business growth, improved profitability, and a marked enhancement in asset quality compared to the corresponding quarter of the previous year.
Key Financial Highlights (Q3FY26 vs Q3FY25)
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Total Business grew by 15.77% on a year-on-year basis
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Total Deposits increased by 13.24% YoY
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CASA deposits constituted 47.13% of total deposits
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Gross Advances rose by 19.48% YoY
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Net Profit increased by 31.70% YoY
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Operating Profit grew by 16.76% YoY
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Net Interest Income (NII) remained stable during the quarter
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Net Interest Margin (NIM) stood at 2.96%
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Cost-to-Income Ratio improved by 99 basis points to 57.84%
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Return on Assets (ROA) improved to 1.01% from 0.87%
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Return on Equity (ROE) improved to 14.47% from 12.85%
Profitability Performance
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Total Income (interest income plus non-interest income) increased by 12.62% YoY during Q3FY26
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Operating Profit grew by 16.76% YoY and 4.26% on a year-to-date basis
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Net Interest Income declined marginally by 1.07% YoY
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Improvement in ROA and ROE reflects enhanced operational efficiency and disciplined cost management
Business Highlights
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RAM (Retail, Agriculture & MSME) portfolio recorded 17.89% YoY growth
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Retail segment grew by 20.93%
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Agriculture segment grew by 15.41%
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MSME segment grew by 15.90%
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Business per Employee improved on a year-on-year basis, reflecting higher productivity levels
Asset Quality
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Gross NPA improved significantly to 2.70% from 3.86%, registering an improvement of 116 basis points
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Net NPA declined to 0.45% from 0.59%, an improvement of 14 basis points
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Provision Coverage Ratio (PCR) strengthened to 96.69%, reflecting prudent risk management
Capital Adequacy
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Basel III Capital Adequacy Ratio (CRAR) stood at 16.13%
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Tier I Capital at 13.87%
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Capital adequacy remains well above regulatory requirements, providing strong support for future growth
Branch & Distribution Network
As of December 31, 2025, the Bank maintained a robust pan-India presence with 21,817 touch points, comprising:
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4,567 branches, with 65.22% located in rural and semi-urban areas
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4,111 ATMs
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13,099 Business Correspondent (BC) points
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40 BC Maxx points
