Mumbai, Nov. 3 -- The bank posted a profit after tax (PAT) of Rs 24 crore in Q2 FY26, up 87% year-on-year from Rs 13 crore in Q2 FY25, marking a strong turnaround from a loss of Rs 224 crore in Q1 FY26.

Net income fell 3% YoY to Rs 998 crore, compared with Rs 1,031 crore in Q2 FY25, and declined 7% sequentially from Rs 1,072 crore in Q1 FY26. Pre-tax profit (PBT), however, jumped 63% YoY to Rs 34 crore, reversing a loss of Rs 297 crore in Q1 FY26.

The bank's total operating expenditure rose 11% YoY to Rs 757 crore, remaining flat sequentially. Employee costs increased 18% YoY to Rs 474 crore, while operating expenses were up 2% YoY to Rs 283 crore.

PBT before provision and write-offs stood at Rs 241 crore, down 31% YoY and 24% QoQ, imp...