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Provisions fell 21.7% and core operating profit rose 38.5% year on year; the bank says loans against new FCNR(B) deposits enlarged its balance sheet and lowered its net interest margin.
Net interest income rose 16% year on year to Rs 8,459 crore; net interest margin eased to 4.31% from 4.54% a year earlier and 4.53% in Q1, which the bank put largely down to FCNR(B) mobilisation.
Consolidated net interest income rose to ₹4,569 crore from ₹4,409 crore a year earlier, while the net interest margin narrowed to 3.23% from 3.32%.
Global advances grew 20.58% and deposits 21.59% year on year to 30 September 2026, while the gross NPA ratio fell to 1.60% from 2.54% a year earlier.