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:

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 successfully allotted US$500,000,000 Additional Tier 1 Notes and US$300,000,000 Senior Notes under its US$5,000,000,000 Global Medium Term Note (GMTN) programme. The issuance strengthens the bank's capital base and funds general corporate purposes, with the notes set to be listed on the Global Securities Market of the India International Exchange (IFSC) Limited and the Debt Securities Market of the NSE IFSC Limited.

The allotment was completed on June 30, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Additional Tier 1 Notes, designated as Series 31, are perpetual instruments with no fixed maturity date and carry a fixed coupon rate of 6.875% per annum. The Senior Notes, categorized as Series 10, have a tenor of five years maturing on June 30, 2031, and offer a coupon of 5.348% per annum.

Both tranches are unsecured, with the Additional Tier 1 Notes ranking junior to the Senior Notes. Interest payments for both series are scheduled semi-annually. The notes are not being offered or sold to persons resident in India or the United States. The use of proceeds aligns with the objectives outlined in the Offering Circular dated December 26, 2025.

Key Details of the Issuance