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Axis Bank reported robust business momentum in Q1FY27

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: Axis Bank reported robust business momentum in Q1FY27 (provisional), with gross advances (end balance) rising to ₹12,72,900 crore, up 18.8% YoY (2.3% QoQ). Total deposits (end balance) stood at ₹13,72,900 crore, up 18.2% YoY (2.8% QoQ). CASA deposits (end balance) stood at ₹5,21,700 crore, up 11.4% YoY, though declining 1.4% QoQ, while term deposits increased to ₹8,51,200 crore, up 22.8% YoY (5.5% QoQ)

View: Strong deposit mobilisation remained the key highlight, with liabilities growing faster than advances sequentially—better than most large private bank peers. The resulting improvement in the CD ratio provides greater balance sheet flexibility, while credit growth continues to remain ahead of the system.

Impact: Positive

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