Operating profit before provisions and contingencies advanced 6.4% YoY to Rs 11,083.08 crore from Rs 10,412.53 crore. Provisions and contingencies declined to Rs 1,693.74 crore from Rs 3,547.04 crore in Q2 FY26, supporting the growth in net profit.

The bank's total deposits grew 21% YoY to Rs 14.52 lakh crore as on 30th September 2026. Current account deposits increased 7% YoY to Rs 1.73 lakh crore, while savings account deposits rose 12% YoY to Rs 3.56 lakh crore and term deposits grew 27% YoY to Rs 9.22 lakh crore. The share of current account and savings account (CASA) deposits in total deposits stood at 36%.

Net interest income (NII) increased 12% YoY to Rs 15,371 crore in Q2 FY27. The net interest margin (NIM) stood at 3.36% during the quarter.

Advances increased 23% YoY to Rs 13,73,727 crore as of 30 September 2026. Retail loans grew 16% YoY to Rs 7,39,905 crore, accounting for 54% of the bank's net advances.

The bank's asset quality improved during the quarter. Gross non-performing assets (NPAs) declined to Rs 16,777.52 crore as of 30 September 2026, compared with Rs 17,307.7 crore a year earlier. The gross NPA ratio improved to 1.16% from 1.46%, while the net NPA ratio eased to 0.35% from 0.44%.

The capital adequacy ratio (CAR) stood at 16.27%, while the Common Equity Tier 1 (CET1) ratio was 14.61% as of 30 September 2026.

For the half year ended 30 September 2026, net profit rose 29.6% YoY to Rs 14,117.20 crore from Rs 10,895.78 crore. Total income increased 10.2% to Rs 83,670.37 crore from Rs 75,916.38 crore, while operating profit advanced 3.7% to Rs 22,742.18 crore from Rs 21,927.69 crore.

Amitabh Chaudhry, MD & CEO, Axis Bank, said: “As customer expectations continue to evolve, our focus remains on building a franchise that combines innovation, trust and execution at scale. 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. We expanded our reach, enhanced customer propositions, invested in talent, and deepened our contribution to communities. Together, these efforts reflect our commitment to creating long-term value for our customers, stakeholders and the broader economy.”

Axis Bank is a private sector bank. As on 30th September 2026, the bank had 12,533 ATMs and cash recyclers spread across the country. The Bank’s overall distribution network stands at 6,414 domestic branches and extension counters along with 353 business correspondent banking outlets (BCBOs) situated across 3,404 centers as at 30th September 2026 compared to 5,976 domestic branches and extension counters, and 259 BCBO’s situated in 3,238 centers as at 30th September 2025

The counter shed 0.16% to settle at Rs 1,286.45 on the BSE.