Guest said Axis Bank's business update shows reduced bulk deposits, cushioning margins despite CRR-driven NIM pressure, and could surprise positively on NII growth

Mon 12 Oct 2026

NIM impact from CRR change

3 to 4 bps

Bulk deposits reduction QoQ

8.9 percent

Heard on business television between 08:43:23 - 08:46:23 IST.

• Guest said CRR cut will reduce banks' NIMs by about 3 to 4 basis points, not a very large impact.
• Noted Axis Bank reduced bulk deposits by 8.9% QoQ, using FCNR(B) money to repay bulk deposits, cushioning margins.
• Said if Axis Bank falls due to CRR/NIM concerns, it could be a good opportunity as the bank may surprise markets positively on NII growth.

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