Axis Bank Q1FY27 PAT at ₹7,114 crores up 23% YOY; strong market share gains with deposits up 18% YOY and advances up 19% YOY

Axis Bank, one of the largest private sector banks in India, delivered a strong start to FY27, reporting a Q1FY27 net profit of ₹7,114 crores, up 23% YoY, driven by positive operating jaws and stable asset quality. Net Interest Income (NII) grew 8% YoY to ₹14,646 crores, while Core Operating Profit grew 10% YoY and 5% QoQ to ₹11,122 crores. The Bank continued to gain market share across deposits and advances, with deposits growing 18% YoY and advances rising 19% YoY, driving a 20% YoY expansion in the balance sheet to ₹19,21,966 crores. Asset quality further strengthened, with Gross NPA at 1.28% (down 29 bps YoY), Net NPA at 0.39% (down 6 bps YoY). The Bank also improved its Return on Equity (RoE) to 14.16% while maintaining a strong Capital Adequacy Ratio (CAR) of 16.67%.

Reinforcing its leadership in digital banking, Axis Bank maintained an approximately 38% UPI Payer PSP market share, with UPI transaction value growing 48% YoY. The Bank’s Corporate loan book grew 38% YoY, while the Mid-Corporate book grew 27% YoY and SME lending increased 25% YoY. The Bank's domestic subsidiaries also delivered a strong performance, reporting Q1FY27 PAT of ₹546 crores, up 21% YoY.

During the quarter, Axis Bank accelerated its focus on building a future-ready franchise through investments in digital innovation, AI-led transformation and ecosystem partnerships. Strengthening its Safe Banking proposition, the Bank became the first leading bank to introduce Aadhaar Face Authentication as a self-service journey for digitally updating mobile numbers. It also collaborated with Flipkart and PayU to enable biometric authentication for card payments through secure OTP-free transactions and launched AI-powered compliance solutions for current account customers to simplify ReKYC and business profile updates through intelligent, paperless workflows. The Bank also unveiled its first Digital Locker-focused branch, offering a differentiated futuristic banking format with advanced automation, security and convenience.

The Bank further deepened its engagement with the hospitality and tourism sectors through its partnership with FHRAI and by hosting the Tourism Promotion & Expansion Plan Meet in Srinagar to support inclusive and sustainable economic development in Jammu & Kashmir. It announced a ₹100-crore partnership with BITS Pilani to establish an advanced Industry Research, Technology & Innovation Park in Hyderabad and released the fifth edition of the 2025 Burgundy Private Hurun India 500, a report showcasing India's 500 most valuable companies, collectively valued at US$3.4 trillion.

The quarter also marked a significant milestone for the Axis Group. Axis Finance announced a ₹2,250-crore capital raise from Axis Bank and Kedaara Capital to support its next phase of growth across retail, MSME and wholesale lending.

The Bank's efforts were further recognised through multiple industry accolades, including three Platinum wins at the Infosys Finacle Innovation Awards, two honours at the PWM WealthTech Awards 2026, and the Financial Express Best Digital Bank of the Year 2026 award.

 Amitabh Chaudhry, MD & CEO, Axis Bank said, “As customer expectations evolve and technology continues to reshape financial services, our focus remains on building a franchise that combines trust, innovation and resilience at scale. This quarter, we continued to invest across these priorities—strengthening digital security, deploying AI to simplify customer journeys, expanding growth platforms and supporting ecosystems that drive economic progress. With these investments we hope to create enduring value for our customers, stakeholders and the communities we serve.”