For Q2FY26, the interest income was posted at Rs 9,141 crore, as against Rs 9,315 crore in the second quarter of FY25.
The bank’s operating profit also grew 12.20% YoY to Rs 8,588 crore.
Global business expanded 13.55% YoY, reaching Rs 26,78,963 crore, driven by robust momentum in both global deposits, which rose 13.40% to Rs 15,27,922 crore, and global advances, which increased 13.74% YoY to Rs 11,51,041 crore.
On the asset quality front, gross non-performing assets (GNPA) fell sharply by 138 basis points YoY to 2.35%, while net NPA declined 45 basis points YoY to 0.54%, reflecting effective credit risk management.
Credit cost improved to 0.68%, down 29 basis points YoY, and the Provision Coverage Ratio (PCR) strengthened to 93.59%, up 270 basis points YoY.The bank’s Return on Assets (ROA) improved to 1.12%, an increase of 7 basis points YoY, signalling better efficiency in generating earnings from its asset base.The bank’s CASA (Current and Savings Account) deposits increased 10.53% YoY to Rs 4,28,115 crore, with a quarter-on-quarter (QoQ) growth of 8.18%. Within this, current deposits surged 62.84% YoY and 40.48% QoQ to Rs 75,920 crore, while saving deposits registered a modest 3.37% YoY rise to Rs 3,52,195 crore.
Meanwhile, term deposits stood at Rs 9,66,884 crore in Q2FY26, showing a 13.57% YoY growth. Of this, retail term deposits contributed Rs 5,63,683 crore, a YoY increase of 9.80%.
Also read: US Fed delivers second rate cut with no promise of a third. What does it mean for Indian equities?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)