Axis Bank deposit growth – Bharat Pulse News

Axis Bank reported the strongest loan and deposit growth among large private-sector banks in the first quarter of FY27, supported by higher credit demand and continued expansion in its deposit base. Axis Bank Q1FY27 Loan Growth Axis Bank’s advances stood at ₹12.73 trillion as of June 30, rising 18.8% year-on-year and 2.3% sequentially. The growth placed the bank ahead of other large private lenders that released provisional business updates for the April-June quarter. The rise in advances came as commercial banks saw stronger working capital demand, partly linked to higher input costs across sectors. The bank’s numbers indicate steady expansion in its lending book during the quarter. Axis Bank Deposit Growth Axis Bank also led peers in deposit growth, with deposits rising 18.2% year-on-year to ₹13.73 trillion. Term deposits remained the main driver of liability growth, increasing 23% year-on-year and 5.5% sequentially to ₹8.5 trillion. The performance is significant at a time when the banking system continues to face a gap between credit growth and deposit mobilisation. RBI data showed bank credit grew 17.7% year-on-year in the fortnight ended June 15, while deposits grew 12%. HDFC Bank Kotak Q1FY27 Update HDFC Bank reported gross advances of ₹30.61 trillion, up 15.4% year-on-year, while deposits rose 14.7% to ₹31.71 trillion. Sequentially, advances grew 3.4% and deposits increased 2.1%. Kotak Mahindra Bank posted net advances of ₹5.12 trillion, up 15.1% year-on-year and 3.2% sequentially. Its deposits rose 11.7% year-on-year to ₹5.16 trillion but remained largely flat on a sequential basis.

Axis Bank Leads Private Banks In Q1 Growth

Latest News

SC To Hear Karur Stampede Plea

India, Australia Set For Uranium Pact

Rapido Targets 100 Million Food Users

India Orders Meta To Remove Abuse Ads

Axis Bank Leads Private Banks In Q1 Growth

PM Modi Begins Three-Nation Indo-Pacific Visit

Join Us