Category Bank and NBFC

Performance of Banks in Q3FY25 – A robust system in play

Modern skyline of Canary Wharf featuring iconic bank skyscrapers like HSBC and Barclays.

The third quarter of Fiscal Year 2025 has brought encouraging financial news for banks, which have largely reported impressive figures. Revenues for all institutions have witnessed a considerable increase, and most banks have showcased notable growth in profit compared to the figures from Q3FY24. Let us take a deeper look at the performance of banks in Q3FY25.

Performance of Banks in Q1FY25

In Q1FY25, most banks saw double-digit revenue growth, with improved asset quality. Some faced profitability pressure due to higher provisions, while others reported falls in revenue or profit. Public sector banks like Bank of Maharashtra and Indian Overseas Bank, and private sector banks such as IDFC First Bank, RBL Bank, and Kotak Mahindra Bank, reported strong revenue growth. Punjab National Bank, UCO Bank, and Central Bank of India reported significant growth in profits. Performance of banks in Q1FY25 indicates strong tailwinds that may provide strong traction to the economy.