Axis Bank532215Banking
Axis Bank's Q2 business update showed strong headline growth in advances and deposits, but nuances emerge after excluding FCNR(B) impact
- Gross advances growth
- 22 percent
- Total deposits growth
- 20 percent
- FCNR(B) deposits mobilized
- 1.01 lakh crore rupees
- Advances growth ex-FCNR
- 18.8 percent
- Deposit growth ex-FCNR
- 17 percent
Heard on business television between 08:28:05 - 08:31:05 IST.
- Gross advances up 22%, total deposits up 20%; FCNR(B) deposits mobilized about 1.01 lakh crores.
- Excluding FCNR(B), advances growth was 18.8% versus headline 22.7%, and deposit growth was 17% versus headline 20%.
- CASA ratio at 36.5% versus 39.8% YoY and 38% quarter-on-quarter, showing some decline.
- Market may wait for the NIM picture to emerge given softer underlying growth after adjusting for FCNR(B).
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Source: Live TV News Channel · 6 Oct 2026
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