Axis Bank has released its provisional financial highlights for the quarter ending March 31, 2026. The bank reported robust growth, with gross advances reaching ₹12,442 billion, representing an 18.4% year-on-year increase. Total deposits also saw healthy expansion, climbing to ₹13,358 billion. These preliminary figures underscore the bank’s continued momentum in balance sheet expansion as it concludes the financial year.
Financial Growth Momentum
Axis Bank has demonstrated consistent performance in its latest quarterly update. As of March 31, 2026, gross advances stood at ₹12,442 billion, reflecting a solid 6.3% growth on a quarter-on-quarter basis and a significant 18.4% increase compared to the same period last year. This highlights sustained demand for credit and the bank’s successful expansion efforts throughout the fiscal year.
Deposit Base Expansion
The bank’s deposit franchise remains a core pillar of its stability. Total deposits (end balance) grew to ₹13,358 billion by the end of the March quarter, marking a 6.0% sequential rise and a 13.9% year-on-year increase. Growth was supported by strong performances in both key segments:
- CASA (End balance): Reached ₹5,289 billion, a 7.3% growth over the previous quarter.
- Term Deposits (End balance): Recorded ₹8,069 billion, reflecting a 5.1% quarter-on-quarter growth.
Quarterly Average Balances
In addition to end-of-period figures, the bank highlighted its quarterly average balances, which provide a more stable view of liquidity. The total average deposit balance reached ₹12,265 billion, representing a steady 2.4% growth over the quarter and a 13.1% increase year-on-year. These figures remain provisional and are subject to final audits by the bank’s statutory auditors.
Source: BSE
