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Mumbai: Private lender Axis Bank Limited on Wednesday reported a 25 per cent year-on-year (YoY) drop in its net profit to Rs 5,557.5 crore for the quarter ended September 2025 (Q2 FY26).

The decline was mainly due to a one-time provision of Rs 1,231 crore made for two discontinued crop loan variants following an advisory from the Reserve Bank of India (RBI), according to its stock exchange filing.

The Mumbai-based lender said this provision, made as a standard asset buffer, will be written back to the profit and loss account once all loans under the discontinued schemes are repaid or closed by March 31, 2028.

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