reported Q3 FY26 net profit of ₹1,041 crore (+9% YoY), driven by stronger core income and a sharp rise in other income, with NII and operating profit hitting all-time highs. The real tell is quality: NIM improved to 3.18% (from 3.06% QoQ) alongside better asset quality, which supports sustainable earnings rather than a one-off spike. What moved the P&L Net interest income rose 9% YoY to ₹2,653 crore, while other income jumped 20% to ₹1,100 crore—giving the bank a more balanced earnings mix than a pure spread story. Operating profit increased 10% YoY to ₹1,729 crore, reflecting operating leverage as business income expands. Balance-sheet momentum Advances grew 11% YoY to about ₹2.56 lakh crore, led by a ~9% rise in the corporate and institutional book, while deposits rose 12% YoY to ~₹2.98 lakh crore. CASA improved by 191 bps to 32.07%, a key support for funding costs and margins. Asset quality: quiet but crucial Business Standard reported GNPA improved to 1.72% (from 1.83% QoQ) and NNPA to 0.42% (from 0.48% QoQ), reinforcing that growth isn’t coming at the cost of rising stress. That combination—growth + lower NPAs—is what typically earns banks valuation re-rates, more than just a one-quarter profit beat. Source: Economic Times No Recommendation

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