Axis Bank Q2FY27: PAT up 38% YOY to ₹7,003 crores as deposits grow 21% and advances 23%
Q2FY27 net profit up 38% YOY to ₹7,003 crores; NII up 12%, advances up 23%, deposits up 21%, GNPA at 1.16%.
By ScoutQuest · · 1 min read
- Net Profit
- Q2FY27 net profit up 38% YOY to ₹7,003 crores
- NII
- ₹15,371 crores up 12% YOY
- Asset Quality
- GNPA was 1.16% and NNPA 0.35%; CET-1 was 14.61%
- Period
- Q2FY27 (quarter ended 30th September 2026)
- Positioning
- Axis Bank presents itself as a large private bank with a ₹20,46,240 crore balance sheet, market-leading UPI payer PSP share of ~38%, and a strong transaction banking and rural franchise.
📉 Q2FY27 net profit rose 38% YOY to ₹7,003 crores, with NII of ₹15,371 crores up 12% YOY and core operating profit of ₹10,998 crores up 11%. Provisions fell 52% YOY to ₹1,694 crores, though trading income dropped to ₹85 crores from ₹498 crores. NIM stood at 3.36% and ROE at 13.30%.
📌 Advances grew 23% YOY to ₹13,73,727 crores, led by corporate loans up 34% and SME up 25%; retail grew 16%. Deposits rose 21% to ₹14,52,066 crores, but CASA share stood at 36% with term deposits growing 27%. GNPA was 1.16% and NNPA 0.35%; CET-1 was 14.61%.
🔬 Management states it is building an all-weather franchise through investment in digital trust, payments innovation, AI, network growth and talent, citing Apple Pay on credit cards and partnerships with Scapia, MakeMyTrip, Hitachi Payment Services and Cognizant.
📌 The presentation says it will continue to scale rural businesses (MFI, farm mechanisation, gold, Bharat Enterprises, farmer funding) through focused execution and digital processes; rural loans stood at ₹122,338 crore, up 20% YOY.
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More numbers
- Net profit, Q2FY277,003 (₹ crores)
- Net Interest Income, Q2FY2715,371 (₹ crores)
- Core operating profit, Q2FY2710,998 (₹ crores)
- Provisions other than taxes, Q2FY271,694 (₹ crores)
- Net profit, H1FY2714,117 (₹ crores)
- Advances, 30 Sep 202613,73,727 (In ₹ Crores)
- Deposits, 30 Sep 202614,52,066 (In ₹ Crores)
- Total balance sheet, 30 Sep 202620,46,240 (In ₹ Crores)
- Net Interest Margin, Q2FY273.36%
- GNPA ratio, Q2FY271.16%
- CET-1 ratio, 30 Sep 202614.61%
- Return on Equity (annualized), Q2FY2713.30%
- Rural loans portfolio, Q2FY27122,338 (in ₹ Cr)
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