Axis Bank Q3 Update: Gross Advances Up 14%, Deposits Rise 15%
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CNBC TV18•05-01-2026, 20:00
Axis Bank Q3 Update: Gross Advances Up 14%, Deposits Rise 15%
- •Axis Bank reported strong Q3 growth: gross advances up 14.1% to ₹11.71 lakh crore.
- •Total deposits increased 15% year-on-year to ₹12.61 lakh crore, with CASA up 13.9% and term deposits up 15.8%.
- •For Q2, Net Interest Income (NII) rose 1.9% to ₹13,744 crore, missing poll estimates.
- •Q2 Net Profit fell 26% year-on-year to ₹5,090 crore, also below CNBC-TV18 poll projections.
- •Bank made a ₹1,231 crore one-time standard asset provision in Q2 for discontinued crop loan variants as per RBI advisory.
Why It Matters: Axis Bank shows strong Q3 advances and deposit growth, but Q2 profit declined due to provisions.
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