{
  "id": 12160640,
  "title": "Axis Bank Advances Jump 23%, Deposits Rise 21% In September Quarter",
  "url": "https://urgent.news/2026/10/05/axis-bank-advances-jump-23-deposits-rise-21-in-september-quarter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T13:14:07.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/axis-bank-advances-jump-23-deposits-rise-21-in-september-quarter"
  },
  "original_language": "en",
  "account": "Mumbai -- India's Axis Bank announced impressive gains in advances and deposits for the quarter ending September 30, 2026, as per provisional figures shared with stock exchanges. Gross advances surged by 23% year-over-year, reaching Rs 13.85 lakh crore, up from Rs 11.28 lakh crore a year ago. Sequentially, advances expanded by 8.8% to Rs 12.73 lakh crore, but this growth was partially driven by loans associated with FCNR (B) deposits. Excluding international branch loans for leveraging FCNR (B) deposit funds, advances grew by 18.8% year-over-year and 5.3% quarter-on-quarter.\n\nTotal deposits swelled to Rs 14.52 lakh crore, up 20.7% year-over-year and 5.8% sequentially. Current Account Savings Account (CASA) deposits rose 10.6% annually to Rs 5.30 lakh crore, while term deposits surged 27.3% to Rs 9.23 lakh crore. Quarterly average deposits increased by 22.5% year-over-year to Rs 13.96 lakh crore, and average CASA deposits climbed 13.9% to Rs 4.94 lakh crore, while average term deposits jumped 27.8% to Rs 9.02 lakh crore.\n\nAxis Bank successfully mobilized USD 10.62 billion (Rs 1.02 lakh crore) in FCNR (B) deposits under the Reserve Bank of India's swap facility, which was partly utilized to reduce non-retail term deposits, down 8.6% sequentially. The bank also extended USD 4.57 billion (Rs 43,800 crore) via international branches for placing FCNR (B) deposits, and issued standby letters of credit worth USD 4.69 billion (Rs 44,900 crore) to other banks for loans against FCNR (B) deposits. The disclosed figures are provisional and will undergo limited review by the bank's statutory auditors.",
  "summary": "Mumbai: Axis Bank reported robust growth in advances and deposits for the quarter ended September 30, 2026, with gross advances rising 22.7 per cent year-on-year and total deposits increasing 20.7 per cent, according to provisional figures disclosed to stock exchanges. Advances Gain Pace The private sector lender’s gross advances stood at Rs 13.85 lakh crore at September-end, compared with Rs…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}