What was the bank's net profit for the December 2025 quarter?

The bank's net profit for the December 2025 quarter (Q3 FY26) was ₹12.3 crore, a 47% decrease year-on-year.

Why did the bank's total income decline in Q3 FY26?

Total income for Q3 FY26 dropped 15% year-on-year to ₹394.4 crore, which the bank attributed to a decline in its traditional transaction business.

Has the bank's customer base grown recently?

Yes, the bank has expanded its customer base by adding about 1.5 lakh new banking accounts since February 27.

Home / Business and Economy / Bank Profit Plummets 47% Amidst Income Drop

Bank Profit Plummets 47% Amidst Income Drop

14 Mar

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Summary

Net profit declined 47% to ₹12.3 crore in Q3 FY26.
Total income dropped 15% year-on-year to ₹394.4 crore.
The bank added 1.5 lakh new accounts since February 27.

Bank Profit Plummets 47% Amidst Income Drop

For the December 2025 quarter, the bank experienced a substantial 47% year-on-year decrease in net profit, reporting ₹12.3 crore compared to ₹23.1 crore in the prior year. This profitability dip also represented a 20% sequential decline from the previous quarter.

Total income for Q3 FY26 fell by 15% year-on-year and 2% quarter-on-quarter, amounting to ₹394.4 crore. The bank attributed this reduction to a contraction in its traditional transaction business.

Despite these financial challenges, the bank's customer base has shown growth. Approximately 1.5 lakh new banking accounts have been added since February 27, indicating an average of nearly 10,000 new accounts daily across its banking and payments platform.

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