Axis Bank reports strong Q2FY26 financials with growth across segments

Axis Bank released its Q2FY26 financial results, reporting a 2% year-on-year (YOY) increase in Net Interest Income to INR 13,745 crores and a 10% YOY rise in fee income to INR 6,037 crores. Overall operating profit for H1FY26 grew 5% to INR 21,928 crores. The bank demonstrated strong market share gains, with total deposits increasing by 11% YOY to INR 12,03,487 crores and advances growing 12% YOY to INR 11,16,703 crores. Retail loans now constitute 57% of net advances.

The bank maintained a healthy capital position with a Capital Adequacy Ratio (CAR) of 16.55% and a CET1 ratio of 14.43%. Asset quality improved, with Gross NPA at 1.46% and Net NPA at 0.44%. Digital initiatives saw significant traction, with a 106% YOY growth in UPI transaction value and a 97% share of digital transactions among individual customers. The bank issued more than 1mn new credit cards in Q2FY26, crossing more than 15mn cards in force.

Subsidiaries also contributed to the strong performance, with Axis Finance PAT up 18% YOY to INR 385 crores, Axis AMC PAT up 11% YOY to INR 271 crores, and Axis Securities PAT at INR 175 crores. The bank continued its ESG commitments, including planting 3.2mn saplings and reaching 27.7% female representation in its workforce.