Debasis Mohapatra
Bengaluru, 26 April 2026
Axis Bank posted a net profit of Rs 7,071 crore for the fourth quarter of FY26, almost flat as compared to last year. Net profit, however, increased 9% over the previous quarter.
While Net interest income (NII) rose 5% year-on-year basis to Rs 14,457 crore, net interest margin (NIM) stood at 3.62% for the fourth quarter.
Asset quality of the bank improved sequentially, with gross non-performing assets (GNPA) ratio declining to 1.23% from 1.40% in the previous quarter. Net NPA ratio improved to 0.37% from 0.42%.
The private sector lender reported sound growth in deposits and advances. While its advances grew 19% year-on-year to Rs 12.34 lakh crore, deposits rose 14% over the same period of last fiscal year. Its CASA ratio was at 40%.
“We have closed the year on a strong note, with consistent progress across all our strategic priorities. While we enter the new financial year with confidence and optimism focusing on building a more resilient franchise, we are conscious of the global macro and geo-political situation shaping up and are closely watching it,” Amitabh Chaudhry, MD & CEO of Axis Bank said.
Provision and contingencies for the fourth quarter of FY26 stood at Rs 3,522 crore. Specific loan loss provisions during this period was at Rs 1,146 crore.
“During Q4 of FY26, the Bank proactively strengthened its balance sheet by voluntarily enhancing its prudent provisioning framework for standard assets. Based on an assessment of evolving and unpredictable macroeconomic and geopolitical uncertainties, the Bank created an additional one-time provision of Rs 2,001 crore during the quarter,” the bank said in a press release.
