axis bank reported unaudited financial results for the first quarter ended June 30, 2026, showing robust growth in both advances and deposits. Gross advances reached ₹12,729 billion, marking an 18.8% increase from ₹10,719 billion in the same period last year. Total deposits stood at ₹13,729 billion, reflecting an 18.2% year-on-year rise from ₹11,616 billion. The growth in deposits was primarily driven by term deposits, which surged 22.8% to ₹8,512 billion, while Current Account Savings Account (CASA) deposits grew by 11.4% to ₹5,217 billion.

On a sequential basis, gross advances grew by 2.3% from ₹12,443 billion as of March 31, 2026. Total deposits increased by 2.8% quarter-on-quarter. CASA deposits, however, declined by 1.4% compared to the previous quarter, whereas term deposits saw a 5.5% increase. The quarterly average balance for total deposits was ₹13,048 billion, up 18.1% year-on-year and 6.4% quarter-on-quarter.

Key Financial Figures

The following table details the bank's performance metrics for the quarter:

Earnings Call Details

Axis Bank will host an earnings call with analysts and investors to discuss the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The call is scheduled for 6:20 P.M. (IST) on July 18, 2026. Senior management will discuss the financial results with participants during the session.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The results for the period ended June 30, 2026, are provisional and subject to a limited review by the statutory auditors of the Bank.

Axis Bank has accepted the resignation of Puneet Sharma as Chief Financial Officer, effective at the close of business on August 31, 2026. Sharma tendered his resignation on June 28, 2026, to pursue the next phase of his professional journey, concluding a tenure of over six years focused on building financial controls and a resilient balance sheet. He will cease to be a key managerial personnel and a part of the senior management from the effective date. The Bank placed on record its appreciation for Sharma's contributions during his tenure.

Board Approvals

The Board of Directors, meeting on June 29, 2026, approved the re-appointment of two directors based on the recommendations of the Nomination and Remuneration Committee. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 2.00 pm IST and concluded at 4.00 pm IST.

CH S S Mallikarjunarao has been re-appointed as an Independent Director for a second term of four years, effective from February 1, 2027, to January 31, 2031, subject to shareholder approval. Munish Sharda has been re-appointed as a Whole-Time Director, designated as Executive Director, for a further period of three years, effective from February 27, 2027, to February 26, 2030, subject to approval by the Reserve Bank of India and the members of the Bank. The Bank confirmed that neither appointee is debarred from holding the office of director by any statutory authority.

The following table summarises the re-appointments approved at the board meeting: