Axis Bank , India's third largest private lender by market capitalisation, has released provisional key financial figures for the third quarter, demonstrating strong growth momentum across all major business parameters. The bank reported robust expansion in both deposit mobilization and lending activities during the quarter, with shares gaining 1.55% to close at ₹1,286.50.

Strong Deposit Growth Momentum

The bank's deposit franchise showed impressive growth with total deposits reaching ₹12.60 lakh crore as of December 31. This represents a substantial year-on-year increase of 15.00% from ₹10.96 lakh crore in the corresponding quarter of the previous year. Quarter-on-quarter growth was equally strong at 4.80% from ₹12.04 lakh crore in the previous quarter.

Advances Portfolio Expansion

Gross advances demonstrated healthy growth, reaching ₹11.70 lakh crore, marking a significant 14.10% year-on-year increase from ₹10.26 lakh crore in the same quarter last year. The sequential growth was 3.70% from ₹11.28 lakh crore in the previous quarter, indicating sustained lending momentum across the bank's portfolio.

Quarterly Average Performance

The bank's quarterly average deposit balances also showed strong performance, with total deposits averaging ₹11.97 lakh crore during the quarter, representing a 12.30% year-on-year growth and 5.10% quarter-on-quarter increase. CASA deposits on a quarterly average basis grew 8.90% year-on-year to ₹4.48 lakh crore, while term deposits averaged ₹7.49 lakh crore, up 14.40% from the previous year.

Market Performance and Outlook

Shares of Axis Bank settled at ₹1,286.50, gaining ₹19.60 per share or 1.55% over the previous closing price. The stock has been a market outperformer with 19.00% returns over a one-year period compared to 9.00% returns by Nifty in the same period. The stock is currently trading above its 50-day and 200-day simple moving averages of ₹1,253.00 and ₹1,171.00, respectively. The bank has shared these provisional figures in compliance with regulatory requirements, with final results to be announced following the completion of the statutory auditors' review process.

Axis Bank has announced an update to its Global Medium Term Notes Programme with the publication of a new Offering Circular dated December 26, 2025. The updated circular has been made available on three major exchanges: India International Exchange IFSC Limited, NSE IFSC Limited, and Singapore Exchange Limited.

Programme Background and Approvals

The Global Medium Term Notes Programme builds upon previous corporate approvals obtained by the bank during 2025. The Board of Directors had initially approved the fundraising initiative during their meeting held on April 24, 2025, authorizing the issuance of various debt instruments up to ₹35,000.00 crore.

The shareholders subsequently provided their approval for the fundraising plan during the Annual General Meeting held on July 25, 2025, where all related resolutions were passed with the required majority.

Debt Instrument Categories

The approved fundraising framework encompasses a comprehensive range of debt securities that the bank may issue in Indian or foreign currency. These instruments include:

• Long term bonds and masala bonds
• Sustainable and ESG bonds, including green bonds
• Optionally and compulsorily convertible debentures
• Non-convertible debentures
• Perpetual debt instruments
• Additional Tier 1 bonds and infrastructure bonds
• Tier II capital bonds

Exchange Listings and Documentation

The updated Offering Circular has been made available across three key exchanges, providing broad market access for potential issuances. The documentation is accessible through the official websites of each exchange platform.

Issuance Framework

Under the Global Medium Term Notes Programme, Axis Bank retains the flexibility to issue debt instruments from time to time, with particular emphasis on Additional Tier 1 Notes and other permissible securities. The bank may denominate these issuances in either foreign currency or Indian rupees, depending on market conditions and regulatory requirements.

The programme operates within the regulatory framework established by the Reserve Bank of India guidelines, the Companies Act 2013, and Securities and Exchange Board of India regulations covering non-convertible securities and listing obligations. All potential issuances will be subject to prevailing market conditions and applicable legal requirements at the time of issuance.