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HDFC Bank’s net profit rose 10.8% year-on-year to ₹18,641 crore, beating forecasts, driven by higher income and improved asset quality. ICICI Bank reported a 5.2% rise in profit to ₹12,359 crore, also topping expectations, as gross NPA declined to 1.58%.Federal Bank beat estimates despite a 9.6% drop in profit to ₹955 crore, supported by record fee income and resilient asset quality. Punjab National Bank’s profit increased 14% to ₹4,904 crore, aided by better asset quality, though NII stayed flat.Yes Bank posted an 18% rise in profit to ₹655 crore, and IDFC First Bank’s earnings jumped 75% to ₹352 crore on improved NII and lower NPAs.In contrast, IndusInd Bank swung to a ₹445 crore loss against an expected ₹309 crore profit, hurt by higher provisions and weaker NII.

Thanks for joining us on this live blog as we assessed and broke down the Q2 results of multiple companies. Hope it was insightful, informational, and intriguing for the readers.

Provisions surged to ₹2,622.4 crore, up from ₹1,737.8 crore in Q1 FY26 and ₹1,820.1 crore in Q2 FY25, reflecting higher credit costs during the quarter.

Commenting on the results, IndusInd Bank MD & CEO Rajiv Anand said the bank consolidated its balance sheet by moderating wholesale deposits and microfinance disbursements. “Our core pre-provision operating profit at ₹1,940 crore remained stable QoQ. The increased provisions strengthen the balance sheet and accelerate normalization of underlying profitability,” he added.

IndusInd Bank reported a net loss of ₹444.8 crore for the September quarter, missing expectations of a ₹309 crore profit, compared with a profit of ₹1,325.5 crore in Q2 FY25.

Federal Bank reported ₹955.3 crore net profit in Q2FY26, beating estimates. NII rose 5.4% YoY, while asset quality improved with Gross NPA down to 1.83%. Provisions stood at ₹363 crore, reflecting stable credit performance.

RBL Bank’s board has approved an increase in its authorised share capital from ₹1,000 crore to ₹1,800 crore to facilitate the issuance of new shares to Emirates NBD.

RBL Bank on Saturday announced that Emirates NBD, one of the largest banking groups in the Middle East, will acquire up to a 60% stake in the Indian private lender.

Gross non-performing assets (GNPA) fell to 2.32% from 2.78% in the previous quarter, while net NPAs rose slightly to 0.57% from 0.45%.

Net interest income (NII) for the quarter stood at ₹1,550.7 crore, up 4% from ₹1,490 crore a year ago, and marginally above expectations of ₹1,529 crore.

The lender had posted a profit of ₹223 crore in the corresponding quarter last year.

RBL Bank reported a 20% year-on-year decline in net profit at ₹178.5 crore for the quarter ended September 2025, missing CNBC-TV18’s poll estimate of ₹209 crore.

“Bank earnings are coming on a positive front, and there is a positive surprise even on the NIMs front. The way cost of fund is panning out, it is much better than the what the street was expecting. So, I’m really expecting the Diwali cheer to continue for the banking sector as a whole.”“Federal Bank was relatively much better compared to expectations. We were expecting slightly higher operating cost and even on the NIMs front they have positively surprised the market. So that’s really a positive surprise from Federal Bank.”

“Yesterday Reliance reported good set of numbers and today, both the leading banks – ICICI Bank and HDFC Bank – meeting and almost doing slightly better than expectations. ICICI Bank continues to do well, it’s been a bit of a leader, but last one year, the stock price hasn’t really done too much, considering the operating performance of the bank. So, I think what’s positive is, the NIMs are better than what the street thought it would be. So, I think now probably one signal which market will take is that whatever bottoming out had to happen in terms of NIMs, probably would have happened. Also, the RBI policy, which was, in my view, more a credit policy than a monetary policy. They’ve removed the cap of ₹10,000 crore on corporate loans and that can re-trigger the loan growth. ICICI Bank and HDFC Bank can really leverage on this. Earlier, more than ₹10,000 crore you had to do a 3% provisioning, which has been done away with. So, I think corporate loan book will see good growth. Retail, secured yield products like LAP, etc, it will see more resurgence with festive season as well as the auto loans, etc. So, overall strong quarter lies ahead. For HDFC Bank, the concern on deposits post merger now seems to be behind, and the bank is now looking at growing aggressively. Between Reliance, ICICI Bank and HDFC Bank, you have almost 26% Nifty weight. So hopefully we should have better festive season.”HDFC Bank’s net profit rose 10.8% year-on-year to ₹18,641 crore, beating forecasts, driven by higher income and improved asset quality. ICICI Bank reported a 5.2% rise in profit to ₹12,359 crore, also topping expectations, as gross NPA declined to 1.58%.

Billionaire Sajjan Jindal’s JSW Energy Ltd on Friday (October 17) reported a 17.4% year-on-year decline in net profit for the second quarter, which stood at ₹705 crore, down from ₹853 crore in the same period last year. The company’s revenue fell 60% to ₹5,177.4 crore compared with ₹3,238 crore in Q2 of the previous year. Operating performance also showed a sharp decline, with EBITDA down 77.8% to ₹2,996 crore from ₹1,684.8 crore a year earlier. EBITDA margin expanded to 57.9% from 52% in the corresponding period last year.

Finance Minister Sitharaman said the GST Council had “unanimously agreed that reforms were due and must be implemented before Diwali.” She added that rate reductions, slab rationalisation, and simplified registration processes were completed well in time for the festive season. “The people of India have received GST reforms well,” the minister said, asserting that the new structure would make compliance easier and benefit both consumers and businesses

IndusInd Bank posted a net loss of ₹444.8 crore for the September quarter, compared with a profit of ₹1,325.5 crore in Q2 FY25 and below a CNBC-TV18 poll estimate of ₹309 crore. The bank’s net interest income (NII) declined 17.5% YoY to ₹4,409.3 crore, from ₹5,347 crore a year ago. Asset quality improved modestly, with gross non-performing assets (GNPA) at ₹12,057.8 crore, down from ₹12,480.6 crore in Q1 FY26, translating into a gross NPA ratio of 3.60%, versus 3.64% in the previous quarter.

Mumbai-based IDBI Bank Ltd reported a 98% jump in net profit, year-on-year, amounting to ₹3,627 crore at the end of the second quarter ending September 2025. A big chunk, about ₹1,699 crore, of the added profit came from the sale of 11.11% stake in the National Securities Depositories Limited (NSDL) through the initial public offering (IPO). Without the one-time gain, IDBI Bank’s profit would stand at ₹1,928 crore, up 5% year-on-year, and a little less than the ₹2,007 crore clocked in the preceding quarter.

UTI Asset Management Company (AMC) reported a significant drop in its financial performance for Q2FY26. Net profit fell 53% year-on-year to ₹113 crore, compared to ₹239 crore in the same quarter last year. Revenue also declined 22.3% YoY, coming in at ₹418.6 crore versus ₹538.4 crore.#2QWithCNBCTV18 | #IndusIndBank reports #Q2Results ????

????Net loss at ₹444.8 cr vs CNBC-TV18 poll of ₹309 cr profit

????NII at ₹4,409.3 cr vs CNBC-TV18 poll of ₹4,457 cr

????Net loss at ₹444.8 cr vs profit of ₹1,325.5 cr (YoY)

????NII down 17.5% at ₹4.409.3 cr vs ₹5,347 cr… pic.twitter.com/W0GuYSQiwG

— CNBC-TV18 (@CNBCTV18Live) October 18, 2025

IDBI Bank reported a stellar performance for the second quarter of FY26, with net profit surging 97.5% year-on-year to ₹3,627 crore, compared to ₹1,837 crore in the same period last year, marking one of its strongest quarterly performances in recent years. However, net interest income (NII) registered a 15.2% decline, falling to ₹3,285 crore from ₹3,875.5 crore a year ago, reflecting margin pressure amid a changing deposit and lending rate environment. On the asset quality front, the bank continued its steady improvement. Gross NPAs fell to ₹6,242 crore from ₹6,384.6 crore in the previous quarter, with the GNPA ratio improving to 2.65% from 2.93%. Net NPAs were marginally higher at ₹474.2 crore versus ₹447.4 crore in the June quarter, but the NNPA ratio remained flat at 0.21%.

ICICI Bank posted a net profit of ₹12,359 crore, up 5.2% year-on-year (YoY) from ₹11,746 crore, exceeding the CNBC-TV18 poll estimate of ₹11,933 crore. Net interest income (NII) rose 7.4% YoY to ₹21,527.5 crore, slightly above expectations of ₹21,284 crore, supported by strong loan growth and stable margins.

For the quarter ended September 2025, HDFC Bank reported a net profit of ₹18,641.3 crore, up 10.8% year-on-year (YoY) compared to ₹16,821 crore in the same period last year. The number also surpassed the CNBC-TV18 analysts’ poll estimate of ₹17,252 crore, underscoring better-than-expected operational performance. The bank’s net interest income (NII) — the difference between interest earned and interest expended — rose 4.8% YoY to ₹31,551.5 crore, slightly above the Street estimate of ₹31,298 crore. On the asset quality front, HDFC Bank continued its steady improvement. Gross non-performing assets (GNPA) fell to ₹34,289.5 crore from ₹37,040.8 crore in the previous quarter, while the GNPA ratio improved to 1.24% from 1.40% QoQ. Similarly, net NPAs declined to ₹11,447.3 crore versus ₹12,276 crore in the June quarter, with the net NPA ratio easing to 0.42% from 0.47%. Provisions for the quarter came in at ₹3,500.5 crore, sharply lower than ₹14,441.6 crore in the previous quarter, though higher than ₹2,700.5 crore in the year-ago period.

Punjab National Bank (PNB) delivered a solid performance in Q2FY26, posting a 14% year-on-year increase in net profit to ₹4,904 crore, up from ₹4,304 crore. Despite a marginal 0.5% decline in Net Interest Income (NII) to ₹10,469 crore from ₹10,516.7 crore, the bank’s bottom-line growth reflects improved operational efficiency and lower provisioning. Asset quality showed notable improvement. Gross Non-Performing Assets (NPA) declined to ₹40,343.3 crore from ₹42,673 crore QoQ, bringing the Gross NPA ratio down to 3.45% from 3.78%. Net NPA also eased to ₹4,025.8 crore from ₹4,132.2 crore, with the Net NPA ratio improving to 0.36% from 0.38%.

SML Isuzu reported a modest performance for Q2FY26, with net profit declining 3.7% year-on-year to ₹21 crore from ₹22 crore. Revenue saw a slight uptick of 1%, reaching ₹555 crore compared to ₹549.7 crore in the same period last year. EBITDA dropped 6.5% YoY to ₹42 crore, down from ₹44.8 crore, reflecting pressure on operating efficiency. Margins narrowed to 7.6% from 8.2% YoY, indicating cost challenges despite stable top-line growth. The results suggest a cautious outlook as the company navigates margin headwinds while maintaining steady revenue momentum in a competitive commercial vehicle market.

Information and Broadcasting Minister Ashwini Vaishnaw said festive consumption had surged, with electronics sales up 20–25% year-on-year during Navratri.

“Even 85-inch TVs were completely sold out,” he noted, citing robust upgrades in smartphones, air conditioners, and washing machines across income groups.

Vaishnaw added that electronics manufacturing was growing at a double-digit CAGR, directly employing 25 lakh people. Exports of smartphones to the U.S. have also risen, he said, while India’s second semiconductor plant began production last week.

He projected a 10% increase in total consumption this year—amounting to ₹20 lakh crore more than last year—driven by GST rate cuts and rising demand. “We are closely monitoring prices, and except for Portland cement, tax benefits are being passed on to consumers,” he said.

Commerce Minister Piyush Goyal called the reforms a “double dhamaka” for the economy, combining GST simplification with personal income tax relief. “This year, the Prime Minister and the Finance Minister have invited Goddess Lakshmi to every Indian home,” he said, referring to the festive timing of the relief measures. He highlighted a ₹2.5 lakh crore boost in personal income tax savings, which he said was already reflecting in higher consumer spending. Goyal pointed to the IMF’s upward revision of India’s growth forecast and S&P’s recent rating upgrade as indicators of strong fundamentals. “Inflation control has been a combined effort of the Finance Ministry and RBI,” he said, adding that “2025 will be a memorable year for all earners.”

Finance Minister Sitharaman said the GST Council had “unanimously agreed that reforms were due and must be implemented before Diwali.” She added that rate reductions, slab rationalisation, and simplified registration processes were completed well in time for the festive season. “The people of India have received GST reforms well,” the minister said, asserting that the new structure would make compliance easier and benefit both consumers and businesses.#2QWithCNBCTV18 | #YesBank reports #Q2Results ????

????Net profit up 18.4% at ₹655 cr vs ₹553 cr (YoY)

????NII up 4.6% at ₹2,300 cr vs ₹2,200 cr (YoY) pic.twitter.com/xcuoxVEeTg

— CNBC-TV18 (@CNBCTV18Live) October 18, 2025

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