Overview
- Standalone net profit came in at ₹12,359 crore for Q2 FY26, up 5.2% year on year.
- Net interest income rose 7.4% to ₹21,529 crore with a 4.3% net interest margin, and management indicated margins should stay range‑bound near term.
- Total provisions (excluding tax) fell to ₹914 crore from ₹1,815 crore in the prior quarter, with a provisioning coverage ratio near 75% and contingency buffers of about ₹13,100 crore.
- Asset quality improved with GNPA at 1.58% and net NPA at 0.39%; fresh slippages were about ₹5,030–₹5,034 crore against recoveries and upgrades of ₹3,648 crore.
- Loans grew roughly 10.3% year on year and deposits 7.7% with average CASA at 39.2%, while weaker treasury income and higher operating expenses weighed on operating profit and lifted the cost‑to‑income ratio.