Loan Growth YoY
19%
+19% YoY
Total advances grew 19% year-on-year, with wholesale up 38% and retail up 8%.
AXISBANK
Banking
15 Apr 2026
Axis Bank Ltd — Q4 FY26
Axis Bank reported Q4 FY26 PAT of ₹7,711 crore, flat YoY, impacted by a one-time standard asset provision of ₹2,001 crore and a tax benefit of ₹2,193 crore.
✓ Verified against BSE filing
2-Min Summary
Axis Bank reported Q4 FY26 PAT of ₹7,711 crore, flat YoY, impacted by a one-time standard asset provision of ₹2,001 crore and a tax benefit of ₹2,193 crore. NII grew 5% YoY to ₹14,457 crore, while NIM contracted 29bps YoY to 3.62%. Loan growth was robust at 19% YoY, driven by wholesale (38% YoY) and retail disbursements (+24% YoY). Asset quality improved with GNPA at 1.23% (down 17bps QoQ) and net credit cost at 37bps (down 39bps QoQ). Management reiterated a through-cycle NIM target of 3.8% within 15-18 months of the last rate cut. The bank created a ₹2,001 crore buffer provision against West Asia risks. Key risk: prolonged geopolitical tensions could stress asset quality and credit costs.
Key Numbers
Retail Disbursement Growth YoY
24%
+24% YoY
Retail disbursements grew 24% YoY and 19% QoQ, indicating strong momentum.
CASA Ratio
37%
+48bps QoQ
CASA ratio improved 48bps quarter-on-quarter to 37%.
Cost of Deposits
N/A
-46bps YoY
Cost of deposits declined 46bps year-on-year and 4bps QoQ.
Management Guidance
Through-cycle NIM target of 3.8%
Management expects to achieve a through-cycle NIM of 3.8% within 15-18 months from the last rate cut transmission.
marginsRetail-commercial mix target of 70:30
The bank aims to maintain a retail and commercial banking advances mix of approximately 70% of total advances, plus/minus 3-4%.
growthNo equity capital requirement for growth
Management reiterated that the bank does not need equity capital for growth or protection; may issue Tier 2/AT1 instruments opportunistically.
otherKey Risks
West Asia geopolitical tensions
Prolonged conflict could disrupt supply chains, raise oil prices, and impact asset quality and credit costs.
high · management_commentaryDeposit pricing pressure
Analyst raised concern about rising wholesale deposit rates; management noted year-end uptick but expects some softening.
medium · analyst_questionNIM compression from rate cuts
Full transmission of 25bps repo cut impacted NIM; further cuts could pressure margins despite repricing benefits.
medium · data_observationNotable Quotes
We have not shifted away from our stance that we expect to deliver 3.8% through the cycle.
The construct of this provision is very different from the 512 crores we were holding for expected credit losses.
We are the only ISO 4201 certified BFSI BSI organization globally.