Indian banks witnessed their first operating profit decline in 13 quarters during July-September, primarily due to sluggish net interest income growth. This dip, a 1% year-on-year fall to ₹1.5 lakh crore, stemmed from faster loan repricing downwards than deposits, squeezing margins. Analysts anticipate this contraction phase is nearing its end, with stabilization expected soon.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs
October 24, 2026