Overview
- HDFC Bank’s standalone net profit rose 11.5% year on year to Rs 18,653.75 crore, aided by over 15% growth in other income to Rs 13,254 crore, with gross NPAs at 1.24% and net interest margin at 3.35%.
- ICICI Bank’s net profit declined 4% to Rs 11,318 crore after an RBI-directed standard asset provision of Rs 1,283 crore on agricultural priority-sector loans, with management indicating profit would have grown about 4% without the charge.
- ICICI Bank’s core performance remained firm as net interest income increased 7.7% to Rs 21,932 crore, net NPA ratio improved to 0.37%, and the bank also recognized Rs 145 crore related to new labour code provisions.
- UCO Bank’s net profit rose about 16% to roughly Rs 739–740 crore, as net interest income grew 11.27% to Rs 2,646 crore and asset quality strengthened with gross NPAs at 2.41% and net NPAs at 0.36%; capital adequacy stood at 17.43%.
- Punjab & Sind Bank posted a 19% profit increase to Rs 336 crore with gross NPAs down to 2.6% and provisions reduced to Rs 47 crore, while sector-wide figures highlighted RBI’s liquidity release of about Rs 2.5 lakh crore and a 55% profit jump at YES Bank to Rs 952 crore.