Axis Bank Ltd(AXISBANK)

NSE: AXISBANKBSE: 532215

₹ 1,225+0.90%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 3.81 L crWebsite: www.axisbank.comUpdated: 26 Oct 2026

About

Axis Bank is India's third-largest private sector bank, offering retail, SME, corporate and treasury banking services. Its business is organised into four segments: Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. It reported revenue of Rs 132538.24 crore in FY26 and had 6,414 domestic branches and extension counters as of Q2 FY27.^[1][2][3]

Business segments

Retail Banking - Others: 45.4% of revenue in FY26, the largest segment, covering deposit-funded retail loans, branch banking and third-party product distribution.^[4]
Corporate/Wholesale Banking: 21.7% of revenue in FY26, serving large corporates and financial institutions with loans, trade finance and transaction banking.^[4]
Retail Banking - Digital Banking: 16.4% of revenue in FY26. It is reported as a sub-segment of Retail Banking under the RBI circular on Digital Banking Units.^[4][2]
Treasury: 13.8% of revenue in FY26, down 34.1 percentage points since FY19. It covers sovereign and corporate debt, equity, trading, derivatives, forex and the central funding unit.^[4][2]
Other Banking Business: 2.6% of revenue in FY26. It covers para-banking activities such as third-party product distribution.^[4][2]

Loan book and deposits

Advances grew 23% YoY and 9% QoQ in Q2 FY27, or 19% YoY excluding loans backing FCNR(B) deposits. Corporate loans grew 34% YoY, SME 25% and retail 16%.^[3]
Raised ₹1,018 bn of FCNR(B) deposits in Q2 FY27, including ₹438 bn backed by international-branch advances and ₹449 bn backed by standby letters of credit.^[3]
Total deposits grew 21% YoY in Q2 FY27 on a month-end basis. The CASA ratio was 36% in Q2 FY27, down from 40%.^[3]
Retail and CBG advances were 67% of total advances as of March 2026, down 471 bps YoY, as the mix shifted toward wholesale.^[5]
SBB, SME and Mid-Corporate together made up 24% of total bank loans in Q2 FY26, up about 738 bps over four years.^[6]
Cost of deposits was 4.73% in Q4 FY26, down 46 bps YoY.^[5]

Key operating metrics

NIM was 3.36% in Q2 FY27, compared with 3.46% in Q1 FY27.^[3][7]
GNPA was 1.16% in Q2 FY27, down 30 bps YoY. NNPA was 0.35%, down 9 bps YoY.^[3]
The gross slippage ratio was 1.48% in Q2 FY27, down 63 bps YoY. Net credit cost was 0.45%, down 28 bps YoY.^[3]
The provision coverage ratio was 70% in Q2 FY27.^[3]
CAR was 16.27% and CET-1 was 14.61% in Q2 FY27, compared with CAR of 16.67% and CET-1 of 14.64% in Q1 FY27.^[3][7]
Cost to assets was 2.14% in Q2 FY27, down 6 bps QoQ and 24 bps YoY.^[3]

Distribution and digital reach

The bank had 6,414 domestic branches and extension counters in Q2 FY27, up from 5,976 a year earlier.^[3]
The bank had 353 Business Correspondent Banking Outlets across 3,404 centres in Q2 FY27, compared with 281 across 3,315 centres in Q3 FY26.^[3][8]
The bank held about 39% of UPI payer PSP market share by volume and about 38% by value in Q3 FY26.^[8]
Credit cards in force crossed 15 million in Q2 FY26, with about 14% market share.^[6]

Fees, retail and wealth

Fee income grew 6% YoY to ₹6,381 crores in Q2 FY27. Trading income fell 83% YoY to ₹85 crores.^[3]
Retail disbursements grew 22% YoY and 20% QoQ in Q2 FY27. The SBB book grew 21% YoY and rural loans 20% YoY.^[3]
Burgundy wealth AUM was ₹819,868 crores at 30 September 2026, up 27% YoY and 9% QoQ.^[3]

Subsidiaries

Domestic subsidiaries' PAT was ₹1,210 crores in H1 FY27, up 29% YoY, with a return on investment of about 45%.^[3]
In H1 FY27, Axis Finance PAT rose 42% YoY and Axis Capital PAT rose 61% YoY.^[3]
Axis Finance AUM crossed ₹50,000 crores in Q1 FY27, up 21% YoY. Retail and MSME made up 71% of its loans.^[7]

Expansion and strategic initiatives

The bank targets ₹60,000 cr of cumulative Wholesale Banking financing to sectors with positive social and environmental outcomes by FY2030.^[3]
The bank targets 8% of its retail two-wheeler loan portfolio and 7% of its passenger four-wheeler loan portfolio to be electric by FY2027.^[3]
Freecharge is pursuing a controlled expansion of secured Micro LAP lending through FY27, with a focus on process stabilisation.^[3]
The bank raised US$500 mn of AT1 capital in Q1 FY27 and a further US$100 mn after quarter-end. The raise was sized to call back existing AT1 at its September 2026 date.^[7]
As of Q1 FY27, the bank was evaluating raising its Max Financial Services stake to 30% under RBI guidelines.^[7]
Technology and digital spend grew 14% YoY in FY26 and was about 10% of total opex. The AXIOM AI platform is under deployment.^[7]
The bank targets a portfolio mix of about 70% retail plus SME and about 30% wholesale over a three-year planning horizon.^[7]

Market Cap

₹3,81,427 Cr

High / Low

₹1,418 / 1,151

Stock P/E

12.6

Price / Book

1.6

Book Value

₹685

EPS

₹84.9

No. of Shares

310.82 Cr

ROE

13.2%

Sales

₹1,32,538 Cr

Net Profit

₹26,548 Cr

Promoter holding

7.9%

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Axis Bank Ltd(AXISBANK)

About

Business segments

Loan book and deposits

Key operating metrics

Distribution and digital reach

Fees, retail and wealth

Subsidiaries

Expansion and strategic initiatives

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

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