Axis Bank posts Q2 net profit of ₹7,003 crore, up 38%

Axis Bank, India’s third largest private lender, posted a net profit of ₹7,003 crore, up 38% on year for the quarter ended September, driven by strong growth in net interest income (NII.) NII of the bank rose 12% on year and 5% sequentially to Rs 15,371 crore. The NII constituted 70% of the bank’s total fee income, with the corporate and commercial banking fee rising 10% on year to ₹1,943 crore.

Core operating revenue of the bank grew 10% on year to ₹21,817 crore while the net interest margin (NIM) was at 3.36% for July-September quarter. However, the bottomline of the bank was weighed by a 9% rise in operating expenses, which stood at ₹10,819 crore. Advances of the bank grew 23% on year to ₹13,73,727 crore as on September 30, with retail loans rising 16% on year and rural loans rose 20% on year.

Total deposits of the bank grew 21% on year and 12% compared to previous quarter. The bank attracted ₹1,018 billion ($10.62 billion) under the Reserve Bank of India’s special window for Foreign Currency Non-Resident Bank (FCNR-B) account. The bank’s asset quality also improved with the Gross non-performing assets (GNPA) at 1.16%, down 30 basis points.

Net NPA was down 9 bps on year at 0.35%. Gross slippages ratio was at 1.48%, down 63 bps. Net slippage ratio stood at 0.75%, down 30 bps for the quarter.

Provisioning of the bank for the quarter stood at ₹1,694 crore. The bank’s subsidiaries too delivered stable performance in Q2FY27, with Axis finance overall assets under management crossing ₹54,590 crore, up 23% on year. Axis Capital posted a half yearly (H1FY27) profit at Rs 149 crores, up 61% on year compared to ₹93 crore for the same period in the preceding financial year.

Net profit of Axis Securities for H1FY27 stood at ₹191 crore, up 9% on year. “This quarter, we built on our leadership in digital payments and secure banking while advancing our technology agenda through AI-driven innovation and strategic partnerships,” Axis Bank managing director and chief executive officer Amitabh Chaudhary said.

Published - October 17, 2026 10:02 pm IST