Mumbai, Oct. 19 -- Net interest income (NII) increased 22.7% YoY and and 1.3% QoQ to Rs 2,822 crore in Q2 FY27. Net interest margin stood at 2.6%, compared with 2.5% in the year-ago quarter and 2.7% in Q1 FY27. The cost of funds was 5.7%, while the cost of deposits stood at 5.5%.

Non-interest income increased 14.4% YoY and 4.7% QoQ to Rs 1,882 crore in Q2 FY27. Core fee income grew 15.5% year-on-year.

Operating profit increased 29.4% year-on-year to Rs 1,678 crore from Rs 1,296 crore, but declined 1.5% quarter-on-quarter from Rs 1,704 crore. The cost-to-income ratio stood at 64.3%, compared with 67.1% in Q2 FY26 and 62.8% in Q1 FY27.

Provisions stood at Rs 317 crore, down 24.2% YoY and down 19.5% QoQ. Net credit costs were 0.3% of aver...