Banks are expected to report muted earnings for the first quarter of FY26 because of weak loan growth, lower margins, seasonally soft fee income, and higher slippages weigh on performance, according to a report by IIFL Capital.
The quarter saw the bank's Net Interest Income (NII) rise by 11 per cent YoY to Rs7,020 crore, while the Net Interest Margin (NIM) was maintained at 4.91 per cent.
Private sector banking major, ICICI Bank has posted a net profit growth of 14.6 per cent year-on-year (YoY) in the first quarter of financial year 2025 (Q1FY25), reaching to Rs 11,059 crore.
Kotak Mahindra Bank has reported a significant growth in its financial performance for the first quarter of FY25, with the Profit After Tax (PAT) reaching Rs 6,250 crore, an 81 per cent increase from Rs 3,452 crore in Q1FY24.
Atul Kumar Goel, MD and CEO of Punjab National Bank on Monday said the state-owned bank has an exposure of about Rs 7,000 crore in Adani Group companies.