Mumbai, Oct. 30 -- The sharp sell-off followed the resignation of managing director and CEO P. N. Vasudevan, with concerns over leadership succession and a perceived conflict of interest weighing on investor sentiment. The board has asked him to continue as MD and CEO until a successor takes charge.

The bank's profit after tax surged 803.23% year-on-year and 18.75% quarter-on-quarter to Rs 218.04 crore in Q2 FY27, compared with Rs 24.14 crore in Q2 FY26 and Rs 183.61 crore in Q1 FY27.

Total income increased 27.69% year-on-year and 6.41% sequentially to Rs 2,357.51 crore.

Net interest income rose 32.58% year-on-year to Rs 1,025.72 crore, but declined 0.38% sequentially. Net interest margin stood at 6.69%, down 55 basis points from the p...