India's banking sector saw a mixed performance in the third quarter, with net interest income (NII) growing 6 per cent year-on-year (YoY), core pre-provision operating profit (PPOP) rising 13 per cent, and adjusted profit after tax (PAT) increasing by 7 per cent. While earnings expectations for FY25 have been slightly upgraded by 1 per cent, a 3 per cent downgrade has been made for FY26.