Axis Financial institution Q3 updates: Gross advances develop 14% YoY, deposits surge 15% to Rs 12.6 lakh crore
The gross advances elevated by 3.7% on a sequential foundation whereas the overall deposits grew 4.8% quarter-on-quarter.
Axis Financial institution’s CASA deposits elevated 13.9% YoY to Rs 4.93 lakh crore, although sequential development was comparatively modest at 2.9%. In the meantime, time period deposits remained the important thing development driver, climbing 15.8% YoY and 6% QoQ to Rs 7.68 lakh crore.
Common deposit balances additionally confirmed wholesome traction. Whole common deposits grew 12.3% YoY to Rs 11.97 lakh crore, led by a 14.4% rise in common time period deposits, whereas common CASA balances elevated 8.9% YoY.
Additionally learn: Kotak Financial institution Q3 Updates: Web advances soar 16% YoY to Rs 4.8 lakh crore, deposits rise 15%
The quarterly common for time period deposits stood at Rs 7.49 lakh crore, up 14.4% YoY and 6.2% QoQ in comparison with Rs 6.55 lakh crore in Q3FY25 and Rs 7.06 lakh crore in Q2FY26.
The numbers declared by the corporate are a part of its quarterly updates and are provisional.Learn extra: Adani Ports’ cargo volumes rise 9% YoY in December, container volumes surge 18%
Shares of Axis Financial institution immediately settled at Rs 1,286.50 on the NSE, gaining Rs 19.60 per share or 1.55% over the Friday closing value.
Axis Financial institution shares are market outperformers with 19% returns over a one-year interval in comparison with 9% returns by Nifty in the identical interval. The inventory is presently buying and selling above its 50-day and 200-day easy transferring averages of Rs 1,253 and Rs 1,171, respectively in accordance with Trendlyne.
(Disclaimer: The suggestions, recommendations, views, and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Occasions.)
