{
  "id": 15160715,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T08:43:51.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444664/indias-axis-bank-quarterly-profit-rises-376-but-misses-estimates-on-higher-costs"
  },
  "original_language": "en",
  "account": "Axis Bank, India's third-largest private bank, reported a quarterly profit of 70.03 billion Indian rupees ($737.5 million) for the period ending September 30, which was slightly below the estimated 71.24 billion rupees. The bank's credit growth remained strong, while provisions for bad loans dropped significantly by 52.2% to 16.94 billion rupees. However, heightened operating costs and a decline in other income, primarily due to falling bond yields and rupee volatility, hindered the bank's earnings. Net interest income rose by 11.8% to 153.71 billion rupees, supported by a 23% surge in total loans. Deposits grew by 20.7% compared to the previous year. The gross non-performing asset ratio was 1.16% as of the end of September, a slight decrease from 1.28% three months prior.",
  "summary": "MUMBAI: Indian private-sector lender Axis Bank reported on Saturday a quarterly profit that narrowly missed analyst expectations, as higher operating expenses and weaker other income offset robust credit growth and lower provisions. Axis Bank, the country’s third-largest private bank by assets, posted a stand-alone net profit of 70.03 billion Indian rupees ($737.5 million) for the quarter ended…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "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",
        "published": "2026-10-17T07:49:57.000Z"
      },
      {
        "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"
      }
    ]
  },
  "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."
}