{
  "id": 15155473,
  "title": "Axis Bank Reports 38% Surge In Q2 FY27 Profit, Quarterly Earnings Reach ₹7,003 Crore",
  "url": "https://urgent.news/2026/10/17/axis-bank-reports-38-surge-in-q2-fy27-profit-quarterly-earnings-reach",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T07:49:57.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/axis-bank-reports-38-surge-in-q2-fy27-profit-quarterly-earnings-reach-7003-crore"
  },
  "original_language": "en",
  "account": "Axis Bank reported a significant 38% increase in its net profit to ₹7,003 crore for Q2 FY27, ending September 30, 2026. This growth was driven by a 12% rise in net interest income and improved asset quality. The bank's deposit and advances saw a solid increase, with total deposits up by 21% year-on-year and advances growing by 23%. Retail loans, which make up 54% of net advances, grew 16% year-on-year. Asset quality improved as well, with gross and net non-performing assets decreasing. The bank maintained a strong capital adequacy ratio of 16.27% and an excess Statutory Liquidity Ratio of ₹1,04,306 crore. In terms of innovation, Axis Bank announced plans to hire an additional 12,500 employees in FY27 to adapt to digital advancements. In the digital payments and card industry, the bank achieved a market share of about 13.1% of cards in force and holds approximately 38% of UPI Payer PSP volume. CEO Amitabh Chaudhry emphasized the bank's focus on innovation, trust, and execution, particularly in the areas of digital payments and AI-driven technology.",
  "summary": "Mumbai: Axis Bank Ltd announced on Saturday a 38% year-on-year increase in its net profit to ₹7,003 crore for the quarter ended 30 September 2026. This growth was attributed to a 12% rise in net interest income (NII) and improved asset quality. Financial Performance Net interest income for the quarter stood at ₹15,371 crore, up 12% year-on-year and 5% quarter-on-quarter. Core operating profit was…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Axis Bank Q2FY27 result: Profit rises 38% to ₹7,003 crore, misses estimates",
        "url": "https://urgent.news/2026/10/17/axis-bank-q2fy27-result-profit-rises-38-to-7-003-crore-misses",
        "published": "2026-10-17T08:17:49.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "India's Axis Bank quarterly profit rises 37.6%, but misses estimates on higher costs",
        "url": "https://urgent.news/2026/10/17/indias-axis-bank-quarterly-profit-rises-37-6-but-misses-estimates-on",
        "published": "2026-10-17T08:43:51.000Z"
      }
    ]
  },
  "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."
}