RBI approves re-appointment of N. S. Vishwanathan as Axis Bank Chairman

The Reserve Bank of India has approved the re-appointment of N. S. Vishwanathan as the Non-Executive (Part-time) Chairman of axis bank for a period of three years, effective from October 27, 2026 to October 26, 2029. This regulatory approval is subject to the condition that shareholders re-appoint him as an Independent Director for the said term.

The Board of Directors had previously approved the proposal on April 25, 2026, pending necessary clearances from the Reserve Bank of India and the bank's shareholders. The central bank communicated its approval via letter no. CO.DOR. HGG No.S2961/08-86-001/2026-27 dated July 7, 2026.

Shareholders will vote on the proposals for his re-appointment as both Non-Executive (Part-time) Chairman and Independent Director during the 32nd Annual General Meeting scheduled for Friday, July 31, 2026. The meeting notice was issued on April 25, 2026.

Key Details of Re-appointment

Detail	Information
Position	Non-Executive (Part-time) Chairman
Tenure	October 27, 2026 to October 26, 2029
Regulatory Approver	Reserve Bank of India
Shareholder Vote Date	July 31, 2026

The re-appointment ensures continuity in leadership at the bank, contingent upon the approval of shareholders at the upcoming annual general meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.63%	+2.48%	-6.40%	-6.33%	+17.34%	+66.34%

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:

Key figures (₹ billion)	As on 30-Jun-26	As on 31-Mar-26	As on 30-Jun-25	YoY Growth %	QoQ Growth %
Gross Advances (End balance)	12,729	12,443	10,719	18.8%	2.3%
Total Deposits (End balance)	13,729	13,358	11,616	18.2%	2.8%
- CASA (End balance)	5,217	5,289	4,682	11.4%	-1.4%
- Term Deposits (End balance)	8,512	8,069	6,934	22.8%	5.5%
Total Deposits (Quarterly Average balance)	13,048	12,265	11,049	18.1%	6.4%
- CASA (Quarterly Average balance)	4,814	4,583	4,243	13.5%	5.1%
- Term Deposits (Quarterly Average balance)	8,234	7,682	6,806	21.0%	7.2%

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.