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Axis Bank Q2 Business Update: Strong growth in loans and deposits

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CNBC Awaaz•05-10-2026, 18:23
Axis Bank Q2 Business Update: Strong growth in loans and deposits
- •Axis Bank gross advances stood at ₹13,846 billion as of September 30, 2026, marking a strong growth of 22.7% year-on-year.
- •Total deposits increased by 20.7% year-on-year to reach ₹14,521 billion, driven by robust performance across CASA and term deposits.
- •The bank mobilized $10.62 billion in FCNR(B) deposits under the RBI swap facility, helping optimize non-retail term deposits.
- •Quarterly average balance of total deposits stood at ₹13,964 billion, registering a 22.5% increase on an annual basis.
- •These figures are provisional and subject to a limited review by the bank's statutory auditors.
Key Questions Answered
As of September 30, 2026, Axis Bank's gross advances reached ₹13,846 billion, marking a 22.7% year-on-year increase. Total deposits grew by 20.7% year-on-year to stand at ₹14,521 billion.
Under the RBI's FCNR(B) deposit swap facility, Axis Bank mobilized a total of $10.62 billion, or approximately ₹1,018 billion, as of September 30, 2026. A portion of these funds helped reduce non-retail term deposits by 8.6% quarter-on-quarter.
Axis Bank clarified that the reported Q2 figures are provisional and that results up to September 30, 2026, are subject to a limited review by the bank's statutory auditors.





