Axis Bank's gross advances crossed ₹13.85 lakh crore in the second quarter of the financial year 2026-27, marking a 22.7% increase compared to the same period last year. This growth highlights the bank's expanding lending activities and strong financial performance.
- Gross advances rose 22.7% year-on-year and 8.8% quarter-on-quarter to ₹13.85 lakh crore.
- Total deposits increased 20.7% year-on-year and 5.8% sequentially to ₹14.52 lakh crore.
- Current Account Savings Account (CASA) deposits reached ₹5.30 lakh crore, up 10.6% annually.
- Term deposits grew 27.3% year-on-year to ₹9.23 lakh crore.
- Net profit after tax increased 22.5% to ₹7,114 crore in Q1 FY27.
What are the details of Axis Bank's advances and deposits in Q2 FY27?
In Q2 FY27, Axis Bank reported gross advances of ₹13.85 lakh crore, which is a 22.7% increase from the previous year and an 8.8% rise from the previous quarter. Total deposits stood at ₹14.52 lakh crore, growing 20.7% year-on-year and 5.8% quarter-on-quarter. The bank's CASA deposits, which include current and savings accounts, rose to ₹5.30 lakh crore, a 10.6% increase annually and 1.5% sequentially. Term deposits also saw significant growth, increasing 27.3% year-on-year to ₹9.23 lakh crore.
How did the bank's international operations contribute to its financials?
Axis Bank's international branches extended loans worth ₹43,800 crore as a leveraging facility for placing deposits. Excluding these loans, the gross advances would have grown 18.8% year-on-year and 5.3% quarter-on-quarter. Similarly, total deposits excluding these loans would have increased 17.0% year-on-year and 2.6% quarter-on-quarter. Term deposits would have grown 21.3% year-on-year and 3.2% quarter-on-quarter as of September 30, 2026.
What is the significance of FCNR (B) deposits for Axis Bank?
Following the Reserve Bank of India's swap facility for FCNR (B) deposits introduced earlier in the year, Axis Bank mobilised FCNR (B) deposits aggregating ₹1.02 lakh crore (approximately $10.62 billion) as of September 30, 2026. Additionally, the bank issued standby letters of credit worth USD 4.69 billion (₹449 billion) in favor of other banks for loans against these deposits.
How has Axis Bank performed in terms of profitability?
Axis Bank's standalone net profit after tax (PAT) increased by 22.5% year-on-year to ₹7,114 crore in the first quarter of FY27, compared to ₹5,806 crore in the same quarter last year. The net interest income (NII) rose 9.4% to ₹33,985 crore, supported by a decline in provisions for bad loans by 43.6% to ₹2,222.54 crore.
What has been the recent trend in Axis Bank's share price?
Since the beginning of the year, Axis Bank shares have declined by 4%. Over the past month, the stock slipped 3%, and over six months, it lost 2%. On October 5, 2026, the shares closed at ₹1,222.20 on the National Stock Exchange, marking a slight increase of 0.42%. The stock's 52-week high was ₹1,418.30 on February 3, 2026, and the 52-week low was ₹1,131 on October 1, 2025. The bank's market capitalization stood at ₹3.81 lakh crore as of October 5, 2026.
