negative
Recently
Axis Bank Q2 profit plunges 26% YoY on higher provisions
Axis Bank’s Q2 FY26 profit dropped 26% YoY due to steep provisions; NII rose 2%, asset quality improved slightly, but retail stress and credit costs dampened investor confidence.
Axis Bank reported a 26% year-on-year drop in Q2 FY26 net profit to ₹5,090 crore as provisions rose sharply to ₹3,547 crore. Net interest income grew only 2% YoY to ₹13,745 crore. Asset quality improved marginally with gross NPA at 1.46% vs 1.57% YoY. Management cited retail delinquencies and elevated credit costs. Despite stable loan growth, rising provisions weighed on profitability, leading to muted market sentiment and minor share price correction. Source: Reuters / Business Standard