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Axis Bank profit declines 26% as provisions spike
Financial Express Lucknow
|October 16, 2025
AXIS BANK ON Wednesday reported a 26.4% year-on-year (yo-y) fall in its net profit for the quarter ended September to %5,090 crore because of higher provisions.
Provisions and contingencies increased 61% on year. Bloomberg estimated the net profit for the third-largest private lender at %5,881 crore.
Following an RBI advisory, post its FY25 annual inspection, the bank in the reporting quarter made an additional onetime standard asset provision of $1,231 crore for two discontinued crop loan variants. This standard asset provision will be written back to the P&L when all the outstanding loans in those two variants are recovered or closed in normal course or by March 31, 2028, whichever is earlier.
This story is from the October 16, 2025 edition of Financial Express Lucknow.
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