Axis Bank Q2FY27 PAT up 38% to ₹7,003 Cr
Axis Bank reported a robust Q2FY27 with Profit After Tax (PAT) surging 38% year-on-year to ₹7,003 crores. This growth was driven by a strong Net Interest Income (NII) increase of 12% year-on-year and improving asset quality. Deposits grew by 21% YoY and 6% QoQ, while advances increased by 23% YoY and 9% QoQ. The bank also saw a significant rise in retail loans (16% YoY) and SME loans (25% YoY). Asset quality improved with Gross Non-Performing Assets (GNPA) at 1.16% (down 30 bps YoY) and Net Non-Performing Assets (NNPA) at 0.35% (down 9 bps YoY). The bank launched several digital initiatives, including Apple Pay integration and AI Soundbox, and expanded strategic partnerships. Recognitions included India's Best Digital Bank at the Euromoney Awards.
Key Highlights
- PAT grew 38% YoY to ₹7,003 crores, driven by 12% YoY NII growth.
- Deposits and advances saw strong YoY growth of 21% and 23% respectively.
- Asset quality improved with GNPA at 1.16% and NNPA at 0.35%.
- Retail loans grew 16% YoY, SME loans up 25% YoY.
- Bank launched Apple Pay for credit card customers and AI Soundbox.
Price Impact
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