Chennai, Feb 04: Axis Bank, one of India’s largest private sector banks, today announced its financial results for the third quarter of FY26, reporting a net profit of 6,490 crore.

The Bank’s Net Interest Income (NII) rose 5 percent year-on-year and 4 percent quarter-on-quarter to 14,287 crore during Q3 FY26, supported by steady balance sheet growth. Net Interest Margin (NIM) for the quarter stood at 3.64 percent.

On a quarterly average balance basis, total deposits grew 5 percent quarter-on-quarter and 12 percent year-on-year. The MEB CASA ratio remained strong at 39 percent, continuing to be among the best across large peer banks.

Asset quality showed further improvement, with Gross NPA and Net NPA ratios declining to 1.40 percent and 0.42 percent respectively as of 31 December 2025, compared to 1.46 percent and 0.44 percent as of 30 September 2025.

Fee income for the quarter grew 12 percent year-on-year to 6,100 crore. Retail fees increased 12 percent year-on-year and contributed 71 percent of the Bank’s total fee income, reflecting the strength of its retail franchise.

The overall Capital Adequacy Ratio (CAR) stood at 16.55 percent, while the CET-1 ratio improved by 7 basis points quarter-on-quarter to 14.50 percent, underscoring a robust capital position.

Axis Bank’s wealth management business continued to scale, with Assets Under Management reaching 6,87,738 crore as of 31 December 2025, registering growth of 7 percent quarter-on-quarter and 8 percent year-on-year.

The Bank’s domestic subsidiaries delivered steady performance, reporting a combined profit after tax of 1,490 crore for the nine months ended FY26, up 6 percent year-on-year.

As of 31 December 2025, Axis Bank’s distribution network comprised 6,110 domestic branches and extension counters, along with 281 Business Correspondent Banking Outlets across 3,315 centres, compared to 5,706 branches and 202 BCBOs across 3,122 centres a year earlier.

Commenting on the performance, Amitabh Chaudhry, Managing Director and CEO, Axis Bank, said,

“Our progress this quarter reflects our focus on creating solutions that matter—simplifying access to credit, reimagining digital banking, and investing in talent and ideas that will shape the future. We will continue strengthening our competitive edge by modernising platforms, empowering our teams, and staying ahead of evolving customer behaviour through smart and innovative solutions.”