波士顿咨询（BCG）：2026财年前三季度（9M）印度银行业更新报告（英文版）（48页）.pdf

1、FEBRUARY 2026Banking Sector Roundup 9M FY261Copyright 2024 by Boston Consulting Group.All rights reserved.PSU(12 banks)Private-New(10 banks)Private-Old(10 banks)Glossary:Classification of Indian banks used in this documentSmall Finance(5 banks)Analysis across the deck has been made based on 37 Banks

2、:12 PSBs,10 Private-New,10 Private-Old Banks and 5 Small Finance Banks2Copyright 2024 by Boston Consulting Group.All rights reserved.9M FY26 results:Banking industry snapshot1.Retail loans are gross advances and include home loans,auto loans,personal loans,and other retail loans.2.MSME are gross adv

3、ances and includes SME,LAP,Business Banking,and CV/CE loansSource:Capitaline,Financial Results,Investor Presentation,BCG analysis241.0L Crore10%YoYTotal Deposits 36.2L Crore17%YoYMSME2 Advances70.3L Crore13%YoYRetail Advances1202.4L Crore13%YoYTotal Net Advances 19.5L Crore7%YoYTotal Income6.5L Cror

4、e3%YoYNet Interest Income2.9L Crore22%YoYNon-Interest Income2.9L Crore6%YoYPATBusinessKey RatiosProfitability1.9%54 bps YoYGNPA(%)1.3%6 bps YoYROA35.9%48 bps YoYCASA Ratio3.0%21 bps YoYNIM(%)48.3%0.4 bps YoYCost-Income3Copyright 2024 by Boston Consulting Group.All rights reserved.Macro TrendsSummary

5、 Snapshot(I/II)Banks vs NBFCs Economic growth:GDP Growth for Q3 FY26 estimated at 7%vs.6.2%for Q3 FY25.FY26 GDP projected to grow between 6.57.5%Economic landscape exhibits mixed trendsoThe IIP rose by 7%YoY,with its strongest expansion in more than two years in December 2025oThe growth is driven by

6、 strong performance of manufacturing,mining&electricity sectors Profitability:Profitability softened in 9M FY26,with ROA declining 6 bps from 1.39%in 9M FY25 to 1.33%oAdvances growth(13%)outpaced PAT growth(6%)oNIMs contracted 21 bps to 3.0%in 9M FY26 vs 9M FY25 on account of faster reduction in len