Q2 FY27 update - advances up 22.7% YoY at Rs 13.85 lakh crore
AXISBANK · price
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Axis Bank's Q2 FY27 update shows gross advances at Rs 13,846 billion, up 22.7% YoY and 8.8% QoQ. Total deposits rose 20.7% YoY to Rs 14,521 billion. CASA grew 10.6% YoY to Rs 5,296 billion while term deposits jumped 27.3% YoY to Rs 9,225 billion. The bank mobilised USD 10.62 billion (Rs 1,018 billion) in FCNR(B) deposits under the RBI swap facility, partly used to cut non-retail term deposits by 8.6% QoQ. Excluding the leveraging impact, organic advance growth was 18.8% YoY. Figures are provisional and subject to limited review by auditors.
Strong loan and deposit growth supported by FCNR(B) inflows; positive business momentum ahead of audited Q2 results.