Axis Bank Q3 Update | Gross advances up 14% to ₹11.71 lakh crore, deposits rise 15%

Private sector lender Axis Bank Ltd on Monday (January 5) reported growth in advances and deposits for the quarter ended December 31, 2025.

Gross advances at the end of the quarter stood at ₹11.71 lakh crore, up 14.1% year-on-year from ₹10.26 lakh crore as of December 31, 2024, and rose 3.7% sequentially from ₹11.28 lakh crore on September 30, 2025.

Total deposits increased 15% year-on-year to ₹12.61 lakh crore, compared with ₹10.96 lakh crore a year ago, and were higher by 4.8% on a quarter-on-quarter

basis from ₹12.04 lakh crore. CASA deposits at the end of the quarter stood at ₹4.93 lakh crore, up 13.9% year-on-year and 2.9% quarter-on-quarter. Term deposits increased 15.8% year-on-year to ₹7.68 lakh crore and rose 6% sequentially.

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On a quarterly average basis, total deposits were ₹11.97 lakh crore, up 12.3% year-on-year and 5.1% quarter-on-quarter. CASA quarterly average balances increased 8.9% year-on-year to ₹4.48 lakh crore, while term deposits averaged ₹7.49 lakh crore, reflecting a 14.4% year-on-year increase and 6.2% growth from the previous quarter.

Second Quarter Results

The lender's net interest income (NII), or core income, increased by 1.9% from the year-ago period to ₹13,744 crore. A CNBC-TV18 poll had projected the figure to be ₹13,224 crore. Net profit for the period stood at ₹5,090 crore, which is lower than the CNBC-TV18 poll figure of ₹5,692 crore. On a year-on-year basis, Axis Bank's net profit fell 26%.

Following an RBI advisory, Axis Bank has made an additional one-time standard asset provision of ₹1,231 crore during the September quarter for two discounted crop loan variants. The standard asset provision will be written back into the P&L, when all outstanding loans in the two discontinued product variants are recovered or closed in the normal course of business by March 31, 2028, Axis Bank said in its notes to account.

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Shares of Axis Bank Ltd ended at ₹1,286.50, up by ₹19.60, or 1.55%, on the BSE today, January 5.