Axis Bank Q3FY26: Profit Up 28% QoQ to ₹6,490 Cr, Deposits Grow 15% YoY
Axis Bank reported Q3FY26 results with PAT up 28% QoQ to ₹6,490 Cr. Deposits grew 15% YoY to ₹12.6 Lakh Cr, and advances rose 14% YoY to ₹11.59 Lakh Cr. Fee income increased 12% YoY. GNPA stood at 1.40% and NNPA at 0.42%. The bank also announced a ₹80 Cr partnership with Plaksha University.
The announcement pertains to the quarterly financial results of a major banking institution, including key performance indicators like profit, deposit growth, advances, and asset quality, which are material to investors and the market.
The bank reported strong year-on-year growth in deposits and advances, a significant quarter-on-quarter increase in profit after tax, and stable asset quality, indicating a positive financial performance.
Axis Bank Limited announced its financial results for the quarter and nine months ended December 31, 2025, on January 26, 2026. The bank reported a strong year-on-year growth in deposits and advances of 15% and 14% respectively. Core operating profit increased by 9% quarter-on-quarter, and Profit After Tax (PAT) saw a significant jump of 28% quarter-on-quarter, driven by steady Net Interest Income (NII) and healthy fee income.
The bank's total deposits grew by 15% year-on-year to ₹12,60,786 crores on a month-end basis, and by 12% on a quarterly average balance basis. Term deposits grew by 16% year-on-year, while Current Account (CA) deposits grew by 20% and Savings Account (SA) deposits by 11% year-on-year on a month-end basis. The CASA ratio stood at 39% of total deposits.
Advances grew by 14% year-on-year to ₹11,59,052 crores. The bank's focus segments, including Small Business Banking (SBB), Small & Medium Enterprises (SME), and Mid-Corporate (MC), grew by 12% year-on-year. SME loans saw a 22% year-on-year increase, and corporate loans grew by 27% year-on-year, with the Mid-Corporate segment up by 31% year-on-year.
Fee income grew by 12% year-on-year to ₹6,100 crores, with retail fees contributing 71% of the total fee income. The cost-to-assets ratio declined by 15 basis points year-on-year to 2.33%. The overall Capital Adequacy Ratio (CAR) was 16.55%, and the CET-1 ratio was 14.50%.
Asset quality remained stable, with Gross Non-Performing Assets (GNPA) at 1.40%, down 6 basis points quarter-on-quarter and year-on-year. Net NPA stood at 0.42%, down 2 basis points quarter-on-quarter. The bank also highlighted its digital initiatives, including the omni-channel Express Banking Digital Point and the Google Pay Axis Bank Flex Rupay Credit Card. Axis Bank invested ₹80 crores in a partnership with Plaksha University for AI and deep-tech research.
Amitabh Chaudhry, MD & CEO, stated, "Our progress this quarter reflects our focus on creating solutions that matter - simplifying access to credit, reimagining digital banking, and investing in talent and ideas that will shape the future." The Board of Directors approved these financial results at their meeting held on January 26, 2026.
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Axis Bank Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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