Whole advances elevated by 16% year-on-year to Rs 15.53 lakh crore on the finish of March 2026 led by a 24% development in enterprise banking and a 26% development within the rural mortgage portfolio. Retail loans which represent 50% of the mortgage e book grew by 10% whereas company loans grew by 9% 12 months on 12 months.
NIM was little modified at 4.32% for the 12 months ended March 2026. Web curiosity revenue (NII) or the distinction between curiosity earned on loans and that paid for deposits, elevated by 8% to Rs 22,979 crore in March 2026 from Rs 21,193 crore a 12 months in the past.
Govt director Sandeep Batra stated the financial institution is monitoring the state of affairs significantly because of the geopolitical uncertainties and can proceed to give attention to getting the next pockets share of top of the range prospects.
A pointy drop in provisions contributed to the financial institution’s revenue development throughout the quarter. Provisions fell 90% to Rs 96 crore from Rs 891 crore a 12 months in the past. Batra stated the massive 12 months on 12 months fall in provisions mirrored robust asset high quality and wholesome recoveries from the company e book.
“Our credit score prices normalised for agriculture e book is beneath 50 foundation factors which could be very wholesome within the present setting. There have been additionally some company recoveries from written off accounts throughout the quarter which helped,” Batra stated.
Asset high quality remianed secure with web NPA ratio at 0.33% on March 31, 2026 down from 0.39% a 12 months in the past. Recoveries and upgrades of NPAs, excluding write-offs and sale, had been Rs 3,068 crore in comparison with Rs 3,817 crore a 12 months in the past. The provisioning protection ratio on non-performing loans was 76% on the finish of March 2026.As of March 2026, the financial institution holds contingency provision of Rs 13,100 crore and extra normal asset provision of Rs 1,283 crore made within the third quarter on Reserve Financial institution instructions in respect of the agricultural precedence sector portfolio.
Payment revenue elevated 8% to Rs 6,779 crore in March 2026 from Rs 6,306 crore a 12 months in the past with charges from retail, rural and enterprise banking prospects constituting about 78% of whole charges throughout the quarter.
The financial institution suffered a treasury lack of Rs 106 crore throughout the quarter reflecting the RBI restrictions of non deliverable forwards and in addition the sharp rise in bond yields throughout the month of March. The financial institution had reported a treasury acquire of Rs 239 crore a 12 months in the past. The financial institution’s board has really useful a dividend of Rs 12 per share for FY2026.
