The bank’s net interest margin (NIM) was also reported at 3.32% for Q2 FY26, as compared to 4.08% for Q2 FY25.
As per the bank’s press release, the fee and other income for the quarter stood at Rs 1,651 crore, compared to Rs 2,185 crore in Q2FY25. The bank’s yield on assets stood at 8.75% for the quarter, lower than 9.58% recorded in the year-ago period, while the cost of funds was 5.43% as against 5.54% in the corresponding quarter last year.
Operating expenses for Q2FY26 were reported at Rs 4,013 crore, slightly higher than Rs 3,932 crore in Q2FY25. Total expenditure, including interest and operating expenses, stood at Rs 11,212 crore compared to Rs 11,271 crore in the corresponding period of the previous year. The bank’s pre-provision operating profit (PPOP) declined to Rs 2,047 crore in Q2FY26 from Rs 3,600 crore in Q2FY25.
More to follow…
