The bank is a leading public sector bank and major player in northern India. It operates across diverse segments: Corporate Banking (38%), Retail Banking (32%), and Treasury (29%). Recently, RBI permitted the bank to establish an IFSC Banking Unit in GIFT City, Gujarat as of January 27, 2026.
Cyborg Score Rationale
Asset quality improved significantly with gross NPA declining to 2.92% from 4.21% and net NPA to 0.83% from 1.46%. However, the company has low interest coverage ratio and low return on equity of 6.59% over three years.
Top Insights
Gross advances increased by 15.25% to Rs 110,488 crore as of December 31, 2025.
Q2 FY26 standalone net profit jumped 22.92% to Rs 294.52 crore on an 8.89% increase in total income.
Capital Adequacy Ratio improved to 17.19% and provision coverage ratio increased to 91.88%, indicating strong capital position.
Bank offers comprehensive digital banking services including internet, mobile banking, UPI, RTGS/NEFT, and international banking for NRI segments.
Named Competitors
Private Sector Banking — Larger private banks with superior profitability metrics
Public Sector Banking — Larger, systemically important public sector competitor
Regional Public Banking — Similar-positioned public sector peer
Recent Developments
(January 2026) RBI Permission to Setup IFSC Banking Unit at GIFT City
(January 2026) Q3 FY26 net profit of Rs 336 crore with 2.60% GNPA