negative
Recently
Axis Bank Q2 profit plunges 26% YoY on steep provisions
Axis Bank’s Q2 profit drops 26% YoY to ₹5,090 cr due to high provisions; NII flat, NPAs modestly better.
Axis Bank, India’s fourth largest private lender, saw its Q2 FY26 net profit slumping ~26% year-on-year to ₹5,090 crore, as provisioning for bad loans surged to ₹3,547 crore (up 61%). Net interest income rose just ~2% to ₹13,745 crore. The NPA ratio improved marginally to 1.46% from 1.57%, but provisions weighed heavily. The move signals stress in retail and microfinance segments. The bank’s shares fell ~0.6% amid cautious investor reaction. Source: Reuters