According to reports from The Economic Times, Axis Bank Ltd reported robust growth in key business metrics for the quarter ended September 30, 2026. The private lender achieved gross advances of ₹13.846 lakh crore, representing a 22.7% year-on-year increase and 8.8% quarter-on-quarter growth from June 30, 2026. Total deposits stood at ₹14.521 lakh crore, rising 20.7% year-on-year and 5.8% quarter-on-quarter from the previous quarter. The bank's quarterly average total deposits reached ₹13.96 lakh crore, up 22.5% year-on-year and 7% quarter-on-quarter. However, growth was partly influenced by loans linked to FCNR(B) deposits, with underlying growth showing gross advances growing 18.8% year-on-year and 5.3% quarter-on-quarter when excluding leveraging facility impacts.
As reported by The Economic Times, the bank's deposit structure showed mixed performance across segments. Current Account Savings Account (CASA) deposits stood at ₹5.30 lakh crore, growing 10.6% year-on-year and 1.5% sequentially from the previous quarter. Term deposits increased significantly by 27.3% year-on-year and 8.4% quarter-on-quarter to ₹9.23 lakh crore, compared with ₹7.245 lakh crore a year earlier. The quarterly average CASA deposits were ₹4.94 lakh crore, while average term deposits stood at ₹9.02 lakh crore. Average CASA deposits rose 13.9% to ₹4.94 lakh crore, while average term deposits jumped 27.8% to ₹9.02 lakh crore.
According to The Economic Times, during the quarter, Axis Bank mobilised FCNR(B) deposits of $10.62 billion (₹1.02 lakh crore) following the swap facility for FCNR(B) deposits introduced by the Reserve Bank of India earlier this year. A portion of these FCNR(B) flows was used to reduce non-retail term deposits, which declined 8.6% sequentially. The bank's international branches extended loans of $4.57 billion (₹43,800 crore) to customers as a leveraging facility for placing such deposits. Additionally, standby letters of credit issued in favour of other banks against loans backed by FCNR(B) deposits aggregated $4.69 billion (₹449 billion). Excluding the related impact, total deposits would have grown 17% year-on-year and 2.6% quarter-on-quarter.
As reported by The Economic Times, excluding loans linked to FCNR(B) deposits, the bank's underlying growth showed gross advances growing 18.8% year-on-year and 5.3% quarter-on-quarter as of September 30. Total deposits would have grown 17% year-on-year and 2.6% quarter-on-quarter, while term deposits would have grown 21.3% year-on-year and 3.2% quarter-on-quarter. The bank's figures are provisional and subject to a limited review by statutory auditors.
According to The Economic Times, shares of Axis Bank Ltd ended Monday's trading session 0.42% higher at ₹1,222.20 on the NSE, compared with the previous close of ₹1,217.10. The stock traded in the range of ₹1,216.40 to ₹1,237.40 during the session. The lender's shares have declined 4% year-to-date, and at the current market price, Axis Bank's total market capitalisation stood at ₹3.81 lakh crore as of October 5, 2026. Separately, the bank announced that Sanjeev Moghe, Senior Management Personnel and Group Head: Branch Banking – South, has tendered his resignation to pursue an opportunity outside the bank, effective October 30, 2026.
