The lender paid Rs 17,988 crore in interest on deposits in the quarter under review, which was almost 4% higher than Rs 17,348 crore in Q3FY25.Operating profit after tax (PAT) rose 27% on a sequential basis from Rs 5,090 crore in Q2FY26.
The bank’s net interest income (NII) for Q3FY26 stood at Rs 14,287 crores, up 5% YoY and 4% QoQ, while net interest margin (NIM) for Q3FY26 stood at 3.64%.
Other income
Commission income for Q3 2026 rose 12% YoY to Rs 6,100 crores, while retail fees rose 12% YoY and constituted 71% of the bank’s total commission income. Reimbursements for third-party products increased 12% year over year. Corporate and commercial banking expenses together rose 11% year-on-year to Rs 1,743 crores. Trading income profit for the quarter stood at Rs 61 crores.
Miscellaneous revenues in Q3FY26 stood at Rs 65 crores.Operating result
The Bank’s operating profit for the quarter stood at Rs 10,876 crores, up 3% YoY, while core operating profit stood at Rs 10,815 crores, up 7% YoY.
Operating expenses increased 7% YoY in Q3FY26.
Facilities and contingencies
Provisions and contingencies for Q3FY26 stood at Rs 2,246 crores. Specific provision for credit losses for Q3FY26 stood at Rs 2,307 crores. The bank has cumulative provisions (standard + additional provisions other than NPA) worth Rs 13,111 crores at the end of Q3FY26.
This is in addition to the NPA provision included in our PCR calculations, the bank filing said.
These cumulative provisions translate into a standard asset coverage of 1.14% at December 31, 2025.
On an aggregated basis, Axis Bank’s provision coverage ratio as of December 31, 2025 was 146% of GNPA.
Balance
The Bank’s balance sheet grew at 15% year-on-year and stood at Rs 17,52,171 crore as on December 31, 2025. Total deposits grew by 5% quarter on quarter and 15% on an annual basis at month end, of which current account deposits grew by 7% on a quarterly basis and 20% on an annual basis, while savings account deposits grew by 1% on a quarterly basis and 11% on an annual basis.
Term deposits increased by 6% and 16% on a QOQ and YOY basis, respectively.
The share of CASA deposits in total deposits was 39%.
The Bank’s advances grew 14% YoY and 4% QoQ to Rs 11,59,052 crores as on December 31, 2025. Retail loans grew 6% YoY to Rs 6,44,575 crore and accounted for 56% of the Bank’s net advances.
The share of secured private loans was 73%, with home loans accounting for 26% of the retail portfolio. Small Business Banking (SBB) grew by 2% quarter on quarter and 14% on an annual basis, loans against real estate grew by 20% on an annual basis, personal loans grew by 2% on a quarterly basis and 5% on an annual basis, credit card advances grew by 3% on an annual basis and the rural loan book grew by 2% on a quarter on quarter basis.
The SME portfolio remains well diversified across geographies and sectors, the bank said. It grew 6% quarter-on-quarter and 22% year-on-year to Rs 1,39,327 crore. The corporate loan portfolio grew by 7% quarter on quarter and 27% on an annual basis.
The bank’s total distribution network stood at 6,110 domestic branches and extension counters, along with 281 Business Correspondent Banking Outlets (BCBOs), spread across 3,315 centers as of December 31, 2025, compared to 5,706 domestic branches and extension counters, and 202 BCBOs across 3,122 centers as of December 31, 2024.
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