Axis Bank Accelerates, IndusInd Stumbles in Q3FY26 Private Bank Scorecard
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CNBC TV18•27-01-2026, 12:06
Axis Bank Accelerates, IndusInd Stumbles in Q3FY26 Private Bank Scorecard
- •Axis Bank showed the fastest sequential profit growth (27.5%) and strong deposit growth, despite a slight margin decline.
- •HDFC Bank and ICICI Bank maintained stability with steady loan and deposit expansion, and strong asset quality.
- •Kotak Mahindra Bank led in loan growth (16.1% YoY), maintained the highest CASA ratio (41.3%), and sector-leading NIM (4.54%).
- •IndusInd Bank was the weakest performer, facing declines in advances (13.5% YoY), deposits, and a sharp 90.9% YoY profit collapse.
- •Asset quality remained stable for most large banks, but IndusInd Bank had elevated net NPA (1.04%) and high credit costs (2.62%).
Why It Matters: Q3FY26 saw mixed results for top private banks, with Axis and Kotak performing well, while IndusInd struggled significantly.
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