DBS Bank India reported a 49% year on year increase in net profit led by a 15% growth in advances and fall in expenses including provisions. Net profit increased to Rs 1020 crore in the year ended March 2026 from Rs 684 crore a year earlier.

Profit increased despite a fall in total income by 7% to Rs 10,591 crore in March 2026 from Rs 11,372 crore a year ago. Interest income for the bank dropped 7% to Rs 8663 crore in March 2026 from Rs 9316 crore a year ago. Total loan book increased to Rs 62,172 crore at the end of March 2026 from Rs 53,973 crore a year earlier.

Total expenses of the bank fell 10% to Rs 9571 crore from Rs 10,688 crore a year ago led by a fall in interest expenses which dropped 13% to Rs 5431 crore from Rs 6209 crore a year ago. Provisions also fell 30% to Rs 434 crore in March 2026 from Rs 621 crore a year ago reflecting the improvement in asset quality. Gross NPAs dropped to 1.34% in March 2026 from 2.78% a year ago.

"Over the past year, we have maintained strong business momentum, supported by improved asset quality and disciplined cost management. We will continue to leverage the strength of our diversified franchise to deliver differentiated value to our customers," CEO Rajat Verma said in a press statement.

The bank’s capital adequacy stood at 19.7% at the end of March 2026. DBS group infused Rs 1,600 crore capital into the bank during the month.