The bank posted a 68% year-on-year (YoY) jump in net profit at Rs 534 crore for Q4FY26, compared with Rs 318 crore in the same period last year. The earnings growth was supported by a sharp decline in provisions and healthier loan performance.
Provisions for the quarter fell significantly to Rs 677 crore from Rs 1,260 crore a year ago. Asset quality also strengthened, with gross non-performing assets (NPAs) improving to 3.27% as of March-end, down from 4.71% in the corresponding period last year.
However, operating profit declined about 8% to Rs 1,441 crore from Rs 1,571 crore, impacted by higher staff costs, increased technology investments, and other operating expenses, Managing Director Partha Pratim Sengupta said.
Despite this, the bank’s net interest margin (NIM) improved to 6.2% from 5.9% in the previous quarter, although it remained lower than 6.7% recorded in Q4FY25.
“We are making tangible progress in growth and profitability every quarter,” Sengupta said.
For the full financial year, the bank reported a net profit of Rs 1,224 crore, compared with Rs 2,745 crore in the previous year. The board has recommended a dividend of 15%, translating to Rs 1.50 per equity share of face value Rs 10.On the business front, total deposits stood at Rs 1.66 lakh crore as of March 31, 2026, marking a 10% year-on-year increase from Rs 1.51 lakh crore. CASA deposits reached Rs 48,752 crore during the quarter, with the CASA ratio at 29%, while CASA plus retail term deposits accounted for 74% of total deposits.
Gross advances rose 13% YoY to Rs 1.54 lakh crore from Rs 1.37 lakh crore. Segment-wise, the retail loan book (excluding housing) grew 46%, wholesale banking expanded 33%, and the housing portfolio increased by 8%. The EEB segment also recorded an 8% sequential growth during the quarter.
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