Axis Bank’s gross advances rise 23% YoY to Rs 13.85 lakh crore in Q2, deposits up 21%

What happened: Axis Bank reported gross advances rose 23% year-on-year to Rs 13.85 lakh crore in Q2, with total deposits up 21% year-on-year. The bank also said Sanjeev Moghe, Group Head: Branch Banking South, resigned effective October 30, 2026. Key numbers: Gross advances Rs 13.85 lakh crore, up 23% YoY and 8.8% QoQ. Total deposits Rs 14.521 lakh crore, up 20.7% YoY and 5.8% QoQ. Why it matters: The provisional figures, subject to limited review by statutory auditors, show broad-based growth across advances and deposits. The stock has declined 4% year-to-date.

Axis Bank reported gross advances rose 23% year-on-year to Rs 13.85 lakh crore in Q2, with total deposits up 21% year-on-year. The bank also said Sanjeev Moghe, Group Head: Branch Banking South, resigned effective October 30, 2026.

The provisional figures, subject to limited review by statutory auditors, show broad-based growth across advances and deposits. The stock has declined 4% year-to-date.