Axis Bank’s shares climbed as much as 1.8% to an intraday high of ₹1,244.60 on Tuesday, October 6, after the private sector lender released its business update for the quarter ended September 30, 2026 (Q2 FY27). The update highlighted that the bank’s gross advances rose 22.7% year‑on‑year (YoY) to ₹13.85 lakh crore and advanced 8.8% quarter‑on‑quarter (QoQ). The lender’s total deposits (end balance) increased 20.7% YoY and 5.8% sequentially to ₹14.52 lakh crore, with current account savings account (CASA) deposits at ₹5.30 lakh crore, up 10.6% yearly and 1.5% QoQ.

The bank’s term deposits jumped 27.3% year‑on‑year and 8.4% quarter‑on‑quarter to ₹9.23 lakh crore. Its quarterly average total deposits rose 22.5% YoY and 7% sequentially to ₹13.96 lakh crore, while the quarterly average CASA stood at ₹4.94 lakh crore and average term deposits at ₹9.02 lakh crore. As of September 30, 2026, Axis Bank mobilised FCNR (B) deposits aggregating ₹1.02 lakh crore ($10.62 billion) under the Reserve Bank of India’s swap facility for FCNR (B) deposits introduced earlier in the year.

Axis Bank reported that loans extended by its international branches to customers as a leveraging facility for placing deposits stood at ₹43,800 crore. Excluding these loans, gross advances would have grown 18.8% YoY and 5.3% QoQ, while total deposits would have increased 17.0% YoY and 2.6% QoQ. Term deposits would have grown 21.3% YoY and 3.2% QoQ as of September 30, 2026. The bank also disclosed that standby letters of credit issued in favour of other banks in respect of loans against FCNR (B) deposits aggregated to USD 4.69 billion (₹449 billion).

In Q1 results, Axis Bank recorded a more than 22% rise in net profits, with standalone net profit after tax (PAT) advancing 22.5% to ₹7,114 crore in the April to June quarter of the financial year ended 2026‑27, compared with ₹5,806 crore a year earlier. Net interest income (NII) rose 9.4% to ₹33,985 crore in the first quarter of the current fiscal year, versus ₹31,063 crore a year earlier. Provision for bad loans declined 43.6% to ₹2,222.54 crore from ₹3,947.66 crore in the same quarter of the previous year.

At 10:17 AM, Axis Bank shares were trading at ₹1,238 on the National Stock Exchange, up 1.29%. From the beginning of the year, the shares have fallen 4%; over a month’s time, they have slipped 3%, and for a six‑month period, they have lost 2%. The lender’s 52‑week high was ₹1,418.30 on February 3, 2026, and the 52‑week low was ₹1,131 on October 1, 2025. As of October 5, 2026, Axis Bank’s total market capitalisation stood at ₹3.81 lakh crore.