Business
Axis Bank Q2 profit rises 37.6% to ₹7,003 crore
The Hindu BusinessLine·
Axis Bank posted standalone net profit of ₹7,003 crore for September 2026 quarter, up 37.6% year on year, The Hindu BusinessLine said. Net interest income grew 12% to ₹15,371 crore. Provisions fell 52.2% to ₹1,694 crore. Gross NPAs improved to 1.16% from 1.46% a year earlier. MD Amitabh Chaudhry cited higher wallet share with disciplined risk.
Prism
What It Means For You
- Axis borrowers may see continued lending appetite as advances grew 23% year on year.
- Deposit customers benefited from 23% deposit growth including term and CASA balances.
- Shareholders watch net interest margin at 3.36% amid competitive funding costs.
What's Happening
- Retail advances rose 16% and SME loans 25% while wholesale banking grew 34% year on year.
- Operating expenses increased to ₹10,819 crore from ₹9,722 crore in the prior quarter.
- The bank appointed Rahul Shukla as group head for commercial and Bharat banking.
Axis asset quality in Q2
- Net NPA ratio declined to 0.35% from 0.44% a year ago, the filing stated.
- Net credit cost reduced to 0.45% with lower stress formation, management said.
- FCNR(B) deposits totaled ₹1.018 trillion, affecting reported margin calculations.
all-news
