Axis Bank reported a strong fiscal performance for the quarter ended March 31, 2026, with a Profit After Tax (PAT) of ₹7,071 crore, marking a 9% increase sequentially. This growth was driven by a 6% quarterly rise in deposits and advances, supported by a healthy 7% growth in CASA deposits. The bank’s core operating revenue remained resilient, while asset quality showed significant improvement with stable net credit costs.
Strong Financial Performance
Axis Bank demonstrated robust growth for the quarter and year ended March 31, 2026. The Bank’s quarterly Profit After Tax (PAT) reached ₹7,071 crore, reflecting a 9% growth over the previous quarter. For the full fiscal year 2026, the core operating profit grew by 4% to ₹41,443 crore. Net Interest Income (NII) for the final quarter stood at ₹14,457 crore, representing a 5% year-on-year increase, with a Net Interest Margin (NIM) of 3.62%.
Strategic Growth in Deposits and Loans
The bank achieved strong deposit mobilization, with total deposits growing 14% year-on-year. CASA deposits, which are vital for low-cost funding, saw a healthy 7% sequential increase. On the lending front, advances grew by 19% year-on-year, totaling ₹12,33,570 crore. The bank’s focus segments, including Small Business Banking (SBB) and Mid-Corporate loans, have shown strong growth, with the combined SBB, SME, and Mid-Corporate portfolio now accounting for 24% of total loans.
Asset Quality and Capital Strength
Asset quality has continued to improve, with the Gross NPA ratio declining to 1.23%, down 17 basis points sequentially. The Net NPA ratio stood at 0.37%. The bank maintains a healthy capital position, with an overall Capital Adequacy Ratio (CAR) of 16.42% and a CET-1 ratio of 14.38%. Additionally, the bank proactively strengthened its balance sheet by creating an additional one-time provision of ₹2,001 crore for standard assets, demonstrating a conservative risk-management philosophy.
Digital and Subsidiary Momentum
Axis Bank continues to lead in digital banking and payments. The bank’s UPI Payer PSP market share remains dominant at approximately 36%. Furthermore, the bank’s key domestic subsidiaries, including Axis Finance, Axis AMC, Axis Securities, and Axis Capital, collectively delivered a healthy performance with a total FY26 PAT of ₹2,051 crore, up 16% year-on-year, showcasing the success of the ‘One Axis’ strategy.
Source: BSE
