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Bandhan Bank’s near-term profitability remains under pressure, impacted by yield resets, elevated provisions, and continued EEB slippages, however deposit granularity is improving, with a healthy CASA and retail term deposit mix, while the secured loan portfolio continues to gain share, supporting better asset quality over time.
Growth in loans was seen across segments and is expected to continue in the *over or under performance to benchmark index second half of the year due to the festival season and rising credit demand in the small and medium enterprises (SME) segment. It expects to hold on to its market share gain in deposits. Savings rate repricing has led to a decrease in the cost of funds in the quarter. HDFC Bank expects time deposit repricing to become beneficial after six quarters. It is focusing on creating an operational leverage in the long term through investments in distribution and technology. The bank expects...
The bank has a meaningful presence in international operations with its JVs and subsidiaries. ~17% of total business comes from overseas. Q2FY26 performance: Bank of Baroda reported a steady Q2FY26 performance, with global advances rising 11.9% YoY, led by continued traction in RAM portfolio (Retail 17.6% YoY, Agri 17.4%, MSME 13.9%) even as corporate credit growth remained muted at 3%. Deposit growth up 9.3% YoY was supported by granular accretion while dependence on bulk deposits have increased, while creditdeposit ratio stood at 85.3%. NIM improved 5 bps QoQ to 2.96%, aided by interest on IT...
Bank of Baroda (BOB) reported 2QFY26 PAT of INR48.1b (up 5.9% QoQ, down 8% YoY, 12% beat), aided by NII growth (owing to IT refund of INR7.5b), lower provisions and contained opex growth.
Bandhan Bank (Bandhan) reported a weak set of numbers. PAT was muted at INR 1.1bn (0.2% RoA), burdened by a sharp 55bps dip in NIM (on account of bulky yield compression amidst continued mix change and modest improvement in cost of deposits), elevated credit costs and muted treasury gains QoQ.
Kotak delivered broadly a steady performance with balanced growth and profitability. Core metrics improved, supported by healthy loan and deposit growth and asset quality gains.
About the stock: IndusInd Bank is a Hinduja group promoted newer age private sector bank and is the fifth largest private bank in India. The bank has full product suite with strong moat in vehicle and micro finance business. The bank has a strong presence with pan India branch network of 3,116...
We maintain a constructive stance on ICICI Bank’s growth, underpinned by broad-based loan expansion across business, retail, and personal segments, driven by a risk-calibrated lending strategy.
Q2FY26 performance: IDFC First Bank reported a mixed Q2FY26 performance as healthy loan and deposit growth was offset by margin pressure and lower treasury gains. NII rose 6.8% YoY to 5,113 crore, while NIM contracted 12 bps QoQ to 5.6%. Provisions moderated to 1,452 crore, aiding PAT of 352 crore (up 76% YoY, down 24% QoQ). Asset quality improved with GNPA/NNPA at 1.86%/0.52%. Funded assets expanded 19.7% YoY to 2.67 lakh crore led by mortgage, vehicle and...
Healthy revival in Q2; further recovery expected in H2FY26 Q2FY26 performance: Federal Bank delivered a healthy revival in Q2FY26, on the back of margin recovery, healthy fees income, and steady credit cost. NIM expanded 12 bps sequentially to 3.06% aided by lower funding costs and a better loan mix towards mid-yield segments. Advances rose 6% YoY (2% QoQ) to 2,55,613 crore, with traction in commercial banking while deposits rose 11% YoY (2.5% QoQ) to 2,88,920 crore, with CASA ratio improving 66 bps QoQ to 31.01%. Fees income surged 13% QoQ to 886 crore. Credit cost moderated to ~50 bps, in...
IDFC First Bank (IDFCFB) reported 2QFY26 PAT of INR3.5b (up 76% YoY/down 24% QoQ, in line). NII grew 7% YoY/3.6% QoQ to INR51.2b (in line). NIMs declined 12bp QoQ to 5.6%. Opex grew 13% YoY to INR51.2b (in line).
Axis Bank’s core profitability remains solid despite transient headwinds from regulatory provisioning and PSLC costs. We expect NIMs to stabilize and credit costs to normalize in H2 FY26, supporting a rebound in RoA/RoE.
IndusInd Bank recorded subdued financial results in Q1FY26. However, it *over or under performance to benchmark index demonstrated resilience as it returned to profitability and its core operations stabilised. It is also aiming for a consistent and predictable improvement in financial metrics every quarter. Leadership transition remains on track, with CEO recommendations submitted for regulatory approval. Demand for vehicle loans continues to hold steady, supported by recovery in rural markets driven by a strong monsoon season and increased government spending on infrastructure. The bank's...
