Axis Bank Limited has announced its financial results for the quarter and half-year ended 30th September 2026, demonstrating significant growth across various financial metrics. The bank reported a 38% year-on-year (YOY) increase in profit after tax (PAT), amounting to ₹7,003 crores, driven by strong net interest income (NII) growth and improving asset quality.
The bank’s total deposits surged by 21% YOY and 6% quarter-on-quarter (QOQ), while advances grew by 23% YOY and 9% QOQ. Retail loans saw a 16% YOY increase, with small business banking (SBB) loans growing by 21% YOY. Corporate loans also exhibited robust growth, rising 34% YOY. Axis Bank’s net interest income increased by 12% YOY, reaching ₹15,371 crores, while the net interest margin (NIM) stood at 3.36%.
Axis Bank’s asset quality showed marked improvement, with gross non-performing assets (GNPA) reducing to 1.16%, a 30 basis points (bps) decline YOY. The net non-performing assets (NNPA) also decreased to 0.35%, down 9 bps YOY. The bank’s provision coverage ratio (PCR) was healthy at 70%, with an aggregated coverage ratio of 164%, reflecting a strong buffer against potential credit losses.
The bank continued to strengthen its digital and payment services, maintaining a leading position in the Unified Payments Interface (UPI) market with a 38% market share. Axis Bank also became the first Indian bank to offer Apple Pay to its credit card customers, marking a significant milestone in its digital banking initiatives. Additionally, the bank expanded its travel-focused offerings and advanced its technology transformation agenda through strategic partnerships.
Analysts view Axis Bank’s performance as a testament to its strategic focus on digital innovation and customer-centric growth. The bank’s strong financial results and improved asset quality position it well for sustained growth in the competitive Indian banking sector. The positive market sentiment is further supported by the bank’s robust capital adequacy ratio of 16.27% and a CET-1 ratio of 14.61%, providing a solid foundation for future expansion and resilience against economic fluctuations.
