Result Analysis

Indian IT services firms report Q3 earnings that exceed expectations, suggesting the worst might be over. With a focus on AI integration and improving deal quality, experts believe a measured recovery is in sight, despite ongoing global challenges and cautious spending trends.

The CD ratio remains an important metric for sustainable profitability, but it needs to be viewed over a longer horizon rather than on a quarter-to-quarter basis, chief financial officer Srinivasan Vaidyanathan said during the bank’s Q3 earnings call on Saturday.

RBI had approved the reappointment of Prashant Kumar as head of the bank in October 2025, extending his term to 5 April 2026 as the central bank examined the succession planning at the bank following an investment by Sumitomo Mitsui Banking Corp.