Axis Bank532215Banking
Axis Bank reported mixed Q2 results with margin pressure from FCNR impact but improved core operating profitability
By ScoutQuest · · 1 min read
- CASA mix QoQ
- 36 percent
- Core operating profit growth YoY
- 11 percent
- PAT decline QoQ
- 2 percent
- Fresh slippages decline
- 14 percent
Heard on business television between 07:42:13 - 07:45:13 IST.
- Margins deteriorated by around 10 basis points including FCNR impact; excluding FCNR, margins rose about 1 basis point, with total FCNR impact at 11 basis points.
- Margins have been declining for five straight quarters.
- CASA mix declined to around 36% from 38% quarter-on-quarter; loan growth led by corporate and SME segments; retail mix rose to 34% from 31% YoY.
- Provisions declined significantly and lower opex aided operating profitability, with core operating profit up around 11% YoY.
- PAT fell around 2% quarter-on-quarter on a lower base; fresh slippages reduced by around 14% and asset quality improved.
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Source: Live TV News Channel · 19 Oct 2026
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