Axis Bank’s Q2 provisional filing showed gross advances up 22.7% YoY to ₹13,84,600 crore, nudging the share price up 1.3% to ₹147.75 on the NSE—its first rally since the last quarter.
Deposits followed the advance trend, climbing 20.7% YoY to ₹14,52,100 crore. The lift was driven primarily by a 27.3% rise in term deposits, while CASA only grew 10.6% YoY, lagging the overall deposit expansion.
Foreign currency deposits also added to the momentum: FCNR deposits hit $10.62 billion (≈₹1.02 lakh crore), and international branches extended $4.57 billion (≈₹43,800 crore) in FCNR‑linked loans. Excluding FCNR exposure, advances still grew 18.8% YoY.
Sequentially, advances jumped 8.8% and deposits 5.8% over the prior quarter, reaffirming the bank’s ability to capture credit demand. The CASA mix, however, slipped 1.5% QoQ, signalling a shift toward more term funding.
Analysts note that while the advance and deposit lifts are strong, the slower CASA growth could dampen net‑interest margins if the trend continues. The bank’s liquidity coverage ratio rose to 125% from 116%, giving it a buffer to manage any short‑term funding pressure. Forward, the bank reiterated its FY27 guidance, focusing on leveraging FCNR inflows to sustain growth.