India’s largest bank has reported a strong rise in annual profit, driven by steady credit growth, improving asset quality and continued expansion in retail and agricultural lending.
Net profit for the financial year ending March 2026 rose nearly 13% year-on-year to ₹80,032 crore, while fourth-quarter profit stood at ₹19,684 crore. Operating profit increased 11.25% to ₹1,23,015 crore, reflecting sustained momentum in core banking operations.
The bank’s total business crossed ₹109 trillion during the year, with deposits reaching ₹59.8 trillion and advances climbing to ₹49.3 trillion. Its agricultural loan portfolio also crossed the ₹4 trillion mark, underlining the lender’s growing exposure to the rural economy.
Loan growth remained broad-based across segments. Total advances rose 16.87% from a year earlier, while domestic advances grew 16.33%. Overseas loan books expanded by 20%.
Retail lending remained a major driver of growth, increasing more than 17%, with double-digit expansion across housing, personal and other consumer categories. Small and medium enterprise (SME) loans rose nearly 21%, while agricultural lending grew close to 20%.
Deposits also strengthened, rising 11% year-on-year. The bank’s low-cost CASA deposits — current and savings accounts — increased 9.5%, with the CASA ratio standing at 39.46% at the end of March.
Asset quality continued to improve. The gross non-performing asset (NPA) ratio declined to 1.49%, while net NPAs fell to 0.39%, signalling lower stress in the loan portfolio. The provision coverage ratio, a measure of the bank’s ability to absorb bad loans, remained strong at nearly 92% including written-off accounts.
Digital banking continued to expand rapidly. More than two-thirds of savings accounts were opened digitally through the bank’s YONO platform, while alternative channels accounted for almost 99% of total transactions during the year.
The bank’s capital adequacy ratio stood at 15.4%, comfortably above regulatory requirements.
