Axis Bank Limited FY2026 Annual Report
📊
Overview
📋
Detailed Analysis
Sentiment
Mixed
Executive Summary
Axis Bank FY2026: Revenue ₹82,179 Cr (vs ₹79,605 Cr YoY), PAT ₹24,457 Cr (vs ₹26,373 Cr YoY)
In FY2026, Axis Bank reported Operating Revenue of ₹82,179 Cr vs ₹79,605 Cr in FY2025, while Net Profit declined to ₹24,457 Cr vs ₹26,373 Cr in FY2025. Balance sheet scale-up remained strong with Total Assets of ₹18,86,850 Cr as at 31 March 2026 vs ₹16,09,930 Cr as at 31 March 2025, supported by deposit and advance growth. Profitability saw pressure with Net Interest Margin at 3.69% in FY2026 vs 3.98% in FY2025, alongside higher credit cost as Provisions and Contingencies rose to ₹13,263 Cr in FY2026 vs ₹7,759 Cr in FY2025. Asset quality was steady-to-improving at the headline level with Gross...Total assetsp.148
₹18,86,850 Crvs ₹16,09,930 Cr
Total depositsp.148
₹13,35,834 Crvs ₹11,72,952 Cr
Total advancesp.148
₹12,33,570 Crvs ₹10,40,811 Cr
Net Interest Margin (NIM)
3.69%vs 3.98%
Gross NPAp.150
1.23%vs 1.28%
Net NPAp.150
0.37%vs 0.33%
CET-1 ratiop.321
14.38%vs 14.67%
Total capital adequacy ratio (CAR)p.321
16.42%vs 17.07%
Key Highlights
12
The Bank crossed 6,000 branches with 400 new branches and banking outlets opened in FY2026.
Green lending portfolio expanded to ₹45,511 Cr in FY2026 vs ₹22,160 Cr in FY2025.
Incremental financing under Wholesale Banking to sectors with positive social and environmental outcomes achieved ₹61,348 Cr against a target of ₹60,000 Cr.
As at 31 March 2026, the Bank operated 6,739 banking outlets comprising branches, DBUs, extension counters and BCBOs.
As on 31 March 2026, the Bank’s physical network included 6,265 branches, 3 digital banking units, 10 extension counters and 12,796 ATMs and cash recycler machines.
EV loan penetration reached 9.01% in the two-wheeler loan portfolio versus a revised target of 8% in FY2026.
+6 more in Detailed Analysis →
Key Highlights
12
The Bank crossed 6,000 branches with 400 new branches and banking outlets opened in FY2026.
Green lending portfolio expanded to ₹45,511 Cr in FY2026 vs ₹22,160 Cr in FY2025.
Incremental financing under Wholesale Banking to sectors with positive social and environmental outcomes achieved ₹61,348 Cr against a target of ₹60,000 Cr.
The Mobile Banking application had 31 million registered users as of March 2026 with monthly active users of over ~16 million.
The estimated UPI Payer PSP market share by volume improved to ~36% in March 2026 from 30% in February 2025.
Subsidiaries delivered reported total income of ₹9,606 Cr and earnings of ₹2,051 Cr (up 16% Y-o-Y) in FY2026.
As at 31 March 2026, the Bank operated 6,739 banking outlets comprising branches, DBUs, extension counters and BCBOs.
As on 31 March 2026, the Bank’s physical network included 6,265 branches, 3 digital banking units, 10 extension counters and 12,796 ATMs and cash recycler machines.
EV loan penetration reached 9.01% in the two-wheeler loan portfolio versus a revised target of 8% in FY2026.
EV loan penetration reached 7.2% in the four-wheeler passenger loan portfolio versus a revised target of 7% in FY2026.
The Bank offered 22,400 EV loans in FY2026.
The Bank achieved ISO/IEC 42001
MD&A Insights
6
Management reiterated a deposit-led growth strategy with premium NTB acquisitions up 25% y–o–y and NTB average balances up 53% y–o–y.
Wholesale Banking grew 38% y–o–y in FY2026 with 91% of the corporate book rated A- or above.
The Bank made an additional one-time standard asset provision of ₹1,231 Cr for declassified PSL loans during Q2FY26, with a stated write-back timeline no later than 31 March 2028.
Management stated it voluntarily enhanced its prudent provisioning framework by making an additional one-time provision of ₹2,001 Cr during the quarter as a prudent measure.
The Bank disclosed anticipated related party fees/commission for distribution of insurance products with LIC estimated at ₹150 Cr.
The Bank disclosed proposed related party transactions with LIC including payments for availing services estimated at ₹230 Cr and receipt of fees/commission/services charges estimated at ₹150 Cr.
Guidance & Outlook
3
The Board approved borrowing/raising funds via private placement of debt securities up to ₹35,000 Cr for a period of one year.
The Board approved raising funds via equity shares/depository receipts/convertible securities up to ₹20,000 Cr (aggregate).
The Board recommended a final dividend of ₹1 per equity share (face value ₹2) for FY2026 with total dividend payout of ~₹310 Cr (1.27% of standalone PAT).
Risks & Concerns
6
Provisions and contingencies increased to ₹13,263 Cr in FY2026 vs ₹7,759 Cr in FY2025.
Provision Coverage Ratio (including prudential write-offs) declined to 92.11% as at 31 March 2026 vs 93.56% as at 31 March 2025.
Net NPA amount increased to ₹4,789.59 Cr as at 31 March 2026 vs ₹3,685.45 Cr as at 31 March 2025.
Total advances to twenty largest borrowers increased to ₹1,72,086.55 Cr as at 31 March 2026 vs ₹1,50,927.19 Cr as at 31 March 2025, indicating higher borrower concentration.
Total exposure to the Real Estate Sector rose to ₹3,48,367.86 Cr as at 31 March 2026 vs ₹3,06,323.41 Cr as at 31 March 2025.
The Bank paid an RBI penalty of ₹0.29 Cr (paid on 07 May 2025) for non-compliance with directions on ‘Unauthorized Operation of Internal / Office Accounts’.
AI-generated analysis. May contain inaccuracies — verify against original sources.