Multiple Indian banks report Q1FY27 results showing profit growth in several cases, alongside improving or monitored asset-quality trends. Indian Bank posts a 10% year-on-year rise in net profit to ₹3,273 crore for the quarter ended June 30, 2026, with total income increasing to ₹20,724 crore from ₹18,721 crore in the year-ago quarter. Central Bank of India reports net profit up 13.3% to ₹1,324 crore for Q1FY27. Bank of Baroda’s Q1 profit falls, down 72%, attributed to a one-time loss, while net interest income rises 10% and interest income increases by 6.8% to ₹33,211 crore. Bank of India reports consolidated net profit of ₹1,747.39 crore, up from ₹1,660.78 crore in Q1FY26, with consolidated total income rising to ₹22,712.28 crore. Asset-quality updates appear positive for some lenders: Indian Overseas Bank’s gross NPA declines to 1.33% and net NPA to 0.18% (sequentially improved from March quarter). Axis Bank’s Q1 net profit increases 23% to ₹7,114 crore, with NII up 8% and NIM at 3.46%. Union Bank of India reports net profit up 29.6% to ₹5,332 crore.
Indian banks report mixed Q1FY27 results with profit growth and improving asset quality
Multiple Indian banks report Q1FY27 results showing profit growth in several cases, alongside improving or monitored asset-quality trends. Indian Bank posts a 10% year-on-year rise in net profit to ₹3...
- Indian Bank reports Q1FY27 net profit of ₹3,273 crore, up 10% year-on-year, with total income rising to ₹20,724 crore.
- Central Bank of India reports Q1FY27 net profit up 13.3% to ₹1,324 crore.
- Bank of Baroda’s Q1 net profit declines 72% due to a one-time loss, while NII rises 10% and interest income increases to ₹33,211 crore.
- Bank of India reports consolidated Q1FY27 net profit of ₹1,747.39 crore, up from ₹1,660.78 crore, with consolidated total income increasing year-on-year.
- Indian Overseas Bank shows sequential improvement in asset quality, with gross NPA falling to 1.33% and net NPA to 0.18%.
Meanwhile, provisions stood at Rs 78 crore during the quarter, compared with Rs 70 crore in the same period last year.
1 month agoThe state-run lender posted a net profit of Rs 4,856 crore for Q1FY27, compared with Rs 4,752 crore a year ago. Net interest income (NII) rose 13% YoY to Rs 10,215 crore, up from Rs 9,009 crore in the corresponding quarter last year.
1 month agoNet interest margin (NIM) was a shade lower at 2.52 per cent against 2.55 per cent in the year ago period
1 month agoNet Interest Income rose 12.6% to Rs 6,833 crore, as against Rs 6,068 crore in the year-ago period.
1 month agoMumbai: Bank of India reported a consolidated net profit of ₹1,747.39 crore for the quarter ended 30 June 2026. This marks an increase compared to ₹1,660.78 crore in the corresponding quarter last year.Financial PerformanceMumbai: Bank of India reported a consolidated net profit of ₹1,747.39 crore for the first quarter of the financial year 2026-27, an increase from ₹1,660.78 crore in the quarter ended 30 June 2025. Consolidated total income stood at ₹22,712.28 crore for the quarter, up from ₹20,677.62 crore in the year-ago period. Consolidated total expenses were ₹17,733.33 crore for the quarter, an increase from ₹16,640.78 crore recorded in Q1 FY26.Mumbai: NCLT Admits Superfine Metals To Insolvency On Central Bank Of India Plea Over ₹58.64 Crore Default Earnings Per ShareConsolidated basic earnings per share (EPS) for the quarter ended 30 June 2026 stood at ₹7.25, compared to ₹4.02 in the same period last year. For the year ended 31 March 2026, consolidated basic EPS was ₹22.64.Asset QualityStandalone gross non-performing assets (GNPA) amounted to ₹14,45,354 lakh, or ₹14,453.54 crore, as of 30 June 2026. This compares to ₹15,306.01 crore as of 31 March 2026 and ₹19,640.20 crore as of 30 June 2025. The percentage of gross NPAs was 1.81% for Q1 FY27, down from 1.98% in Q4 FY26 and 2.92% in Q1 FY26.PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati Net Non-Performing AssetsStandalone net non-performing assets (NNPA) were ₹4,018.59 crore as of 30 June 2026. This is an improvement from ₹4,249.97 crore as of 31 March 2026 and ₹4,949.89 crore as of 30 June 2025. The percentage of net NPAs decreased to 0.51% for Q1 FY27, from 0.56% in Q4 FY26 and 0.75% in Q1 FY26.Capital AdequacyConsolidated capital adequacy ratio (Basel III) was 19.28% for the quarter ended 30 June 2026, an increase from 18.58% in Q4 FY26. The consolidated Common Equity Tier 1 (CET 1) ratio was 16.59% for Q1 FY27.Investor ComplaintsDuring the quarter ended 30 June 2026, the bank received three investor complaints and resolved three. No complaints were pending at the beginning or end of the quarter.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.
1 month ago
Liquefied petroleum gas tanker pays record fare for priority Panama Canal transit
A liquefied petroleum gas (LPG) tanker pays a record transit fee for priority passage through the Panama Canal, accordin...
Trump announces U.S. agreement for majority control of Venezuela’s 65 billion barrels of oil reserves
President Donald Trump says the United States has entered an agreement with Venezuela that would give the U.S. majority...
Two police officers named after fatal A66 crash near Middlesbrough
Two police officers, PCs Matthew Blades, 37, and Tom Clough, 38, are killed in a crash on the A66 near Middlesbrough. Th...