試す - 無料

Axis Bank's Q2 PAT falls 26% as loan reclassification hits

Mint Mumbai

|

October 16, 2025

One-time standard asset provisions were ₹1,231 crore, taking total provisions to ₹1,568 crore

- Anshika Kayastha

Axis Bank's Q2 PAT falls 26% as loan reclassification hits

The private lender's net interest income rose 2% to ₹13,745 crore, while NIM eased to 3.82%; asset quality improved with gross NPA at 1.46% and net NPA at 0.44%.MINT

Axis Bank’s provisions on standard assets surged during Q2 FY26 due to a onetime impact of reclassification of certain priority sector loans (PSL) as standard assets, based on an advisory by the Reserve Bank of India (RBI).

However, lower loan loss provisions helped maintain overall credit costs for the quarter.

Onetime standard asset provisions due to the declassification were ₹1,231 crore, bringing the total standard asset provisions for the quarter to ₹1,568 crore—up from ₹154 crore in the previous quarter and ₹140 crore in the corresponding quarter of last year.

However, a sequential fall in loan loss provision resulted in overall provisions and contingencies being contained at ₹3,547 crore, as against 3,948 crore in the first quarter of the financial year.

Mint Mumbai からのその他のストーリー

Mint Mumbai

TOURIST ARRIVALS IN '25 SET TO DISAPPOINT

It is shaping up to be another difficult year for India's tourism industry. Foreign tourist arrivals (FTAs) have struggled in the first nine months and may once again fall short of pre-pandemic levels. The reasons are familiar-high costs compared with peer destinations, inadequate infrastructure, and lingering concerns around safety.

time to read

3 mins

December 18, 2025

Mint Mumbai

Mint Mumbai

TCS lifts curtain to peg yearly revenue from Al at $1.5 bn

In a first for homegrown IT services companies, Tata Consultancy Services Ltd (TCS) has said it earns $11 billion from disruptive technologies, including $1.5 billion from AI.

time to read

2 mins

December 18, 2025

Mint Mumbai

Coverage challenge

Can India's insurance sector help mobilize more long-term capital? How much of a differ- ence will the Centre's proposal of raising its foreign direct investment (FDI) cap to 100% from 74% make?

time to read

1 min

December 18, 2025

Mint Mumbai

Mint Mumbai

Panel wants bankruptcy appeals to be decided in three months

National Company Law Appellate Tribunal (NCLAT) should decide appeals filed before it in bankruptcy cases within three months, as timely decision-making at the appellate level is crucial for rapid resolution of distressed companies, the Lok Sabha select committee that reviewed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has said.

time to read

2 mins

December 18, 2025

Mint Mumbai

Mint Mumbai

6 GHz showdown: Jio picks holes in Meta's $3 tn math

The debate over how India should allocate the highspeed 6 gigahertz (GHz) spectrum is only getting shriller as the auctions are expected next year.

time to read

3 mins

December 18, 2025

Mint Mumbai

Mint Mumbai

SUZLON AND INDIA'S NEW WIND ORDER

As Adani enters turbine manufacturing with characteristic scale and speed, the pioneer finds itself at a crossroads

time to read

9 mins

December 18, 2025

Mint Mumbai

Mint Mumbai

Adulteration war may spur premium dairy boom in cities

A renewed crackdown on adulterated dairy products, combined with a shift among urban consumers towards farm-to-table food, is reshaping the dairy market in the world's largest producer of milk.

time to read

3 mins

December 18, 2025

Mint Mumbai

The making of legends: Bollywood cashes in on its own mythology

A barometer check of India's obsession with its movie stars can be had on weekends outside an unmistakable bungalow in Juhu, central Mumbai, Bollywood star Amitabh Bachchan, when he's in town and can, steps on to a raised platform at the gates of his home, Jalsa, Sunday evenings to wave at a thronging crowd of fans.

time to read

2 mins

December 18, 2025

Mint Mumbai

Mint Mumbai

IBM India, WM Global expand office footprint in Bengaluru

IBM India Pvt. Ltd and WM Global Technology Services India Pvt. Ltd have signed large office lease deeds in Bengaluru, in two separate transactions, as global technology majors continue to expand their real estate office footprint in the country.

time to read

1 mins

December 18, 2025

Mint Mumbai

Let ‘digital collateral’ for loans drive credit inclusion

India's economy grew at a faster-than-expected 8.2% in the last quarter, driven by manufacturing and services as well as a recovery in private consumption.

time to read

3 mins

December 18, 2025

Listen

Translate

Share

-
+

Change font size