1、NOVEMBER 2025Banking Sector Roundup H1 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.H1 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 analysis236.0L Crore10%YoYTotal Deposits 35.4L Crore18%YoYMSME2 Advances67.8L Crore13%YoYRetail Advances1193.4L Crore12%YoYTotal Net Advances 13.0L Crore8%YoYTotal Income4.3L Cror

4、e2%YoYNet Interest Income1.9L Crore23%YoYNon-Interest Income1.9L Crore3%YoYPATBusinessKey RatiosProfitability2.1%51 bps YoYGNPA(%)1.3%9 bps YoYROA36.2%82 bps YoYCASA Ratio3.0%24 bps YoYNIM(%)48.0%6 bps YoYCost-Income3Copyright 2024 by Boston Consulting Group.All rights reserved.Macro TrendsSummary S

5、napshot(I/II)Banks vs NBFCs Economic growth:GDP Growth for Q2 FY26 estimated at 7.5%vs.5.6%for Q2FY25.Ahead of the release,ICRA had projected 7.0%,Ind-Ra 7.2%,and the RBI 7.0%.FY26 GDP projected to grow between 6.56.9%Economic landscape exhibits mixed trendsoThe IIP rose 4%in Sept 2025,boosted by a

6、stronger manufacturing sectoroOverall,the combination of GST rate rejig,pent-up demand and the early festive onset have boosted demand in Sept 2025 Profitability:Banking sector profitability grew moderately by 3%YoY driven by higher other incomeoOn a YoY basis,private banks profit declined by 2%due