Axis Bank, the third largest private sector lender in India, reported gross advances of ₹12.73 lakh crore as of 30 June 2026, marking an 18.8% increase from ₹10.72 lakh crore in June 2025. Deposits also grew by over 18% year-on-year during the first quarter of FY27, the bank disclosed in its quarterly business update.
The bank's gross advances rose sequentially by 2.3% from ₹12.44 lakh crore in the quarter ended March 2026. CASA (current account and savings account) deposits increased by 11%, contributing to the overall deposit growth. Axis Bank's share price has surged 37% over the past three years and delivered 79% returns in five years, reflecting investor confidence in its performance, according to livemint.com.
This growth in advances and deposits underscores Axis Bank's expanding footprint in the competitive Indian banking sector. The bank's performance compares favorably with peers, highlighting its ability to attract deposits and lend effectively amid evolving market conditions. The increase in CASA deposits also indicates a stable and low-cost funding base, which is critical for maintaining profitability in the banking industry.
Axis Bank's next quarterly results will be closely watched by investors and analysts to assess whether the growth momentum sustains. The bank's performance in Q1 FY27 sets a strong foundation for the rest of the fiscal year, with gross advances and deposits both showing robust year-on-year gains, according to livemint.com.