Mumbai, Oct. 31 -- The bank's net profit plunged 88.1% year-on-year to Rs 112 crore in Q2 FY26 from Rs 937 crore in Q2 FY25, primarily due to a steep rise in provisions.

Net total income declined 11.5% YoY to Rs 3,135 crore from Rs 3,543 crore in the corresponding quarter last year. The bank's net interest income (NII) fell 11.8% to Rs 2,589 crore from Rs 2,934 crore a year ago. The net interest margin (NIM) stood at 5.8%, registering a 152 basis points (bps) y-o-y decline.

Operating profit dropped 29.4% YoY to Rs 1,310 crore from Rs 1,855 crore in Q2 FY25. Meanwhile, provisions and contingencies surged 90.26% to Rs 1,153 crore compared to Rs 606 crore in the same quarter last year, eroding bottom-line performance.

On the balance sheet...