Overview

• Standalone net profit grew 12.5% year-on-year to Rs 19,160 crore in Q1 FY26, driven by strong treasury and forex income.
• Consolidated net profit rose 9.7% to Rs 21,201 crore, reflecting robust non-interest income streams.
• Net interest margin contracted by 33 basis points to 3.02%, with management projecting a U-shaped recovery through FY26.
• Advances expanded 11.6% year-on-year to Rs 42.5 lakh crore as the bank reaffirmed its 12% growth target despite disbursement delays from geopolitical headwinds.
• Non-interest income jumped 55% to Rs 17,346 crore, led by a 352% surge in forex income and a 144% rise in profits on sale of investments.