Mumbai, Aug. 20 -- Further, Crisil Ratings has reaffirmed its 'Crisil A1+' rating on the short-term debt instruments of the bank.

Crisil Ratings stated that the revision in outlook factors in the gradual improvement in the earnings profile, stabilisation in the deposit franchise with increasing share of granular deposits, and the strategic shift in lending to relatively stable asset segments.

The bank reported profit of Rs 1,037 crore and return on assets (RoA) of 0.8% for the first quarter of fiscal 2027 (Rs 889 crore and 0.2%, respectively for fiscal 2026), driven by lower credit cost and better operating profit. Credit cost declined to around 1% for this period, from 1.5% for fiscal 2026.

Pre-provisioning profit (PPoP), as a percent...