Axis Bank Q4 FY26 update: advances, deposits rise

What Axis Bank reported for the March 2026 quarter

Axis Bank Ltd disclosed provisional business numbers for the quarter ended March 31, 2026, in line with SEBI requirements. The update focuses on balance-sheet traction, particularly loans and deposits, before detailed financial results. Such business updates are closely tracked because they offer an early read on loan growth, deposit mobilisation, and funding mix. In this quarter, the bank reported growth across advances, total deposits, CASA balances, and term deposits. The figures are presented as both quarter-on-quarter (QoQ) and year-on-year (YoY) changes.

Gross advances: growth stays strong on both QoQ and YoY basis

Axis Bank’s gross advances stood at ₹12,442 billion as of March 31, 2026. The bank reported 6.3% QoQ growth and 18.4% YoY growth in gross advances. These metrics indicate the loan book expanded meaningfully over the year and also accelerated sequentially in the March quarter. The business update does not split the March 2026 quarter advances into retail, SME, or corporate categories in the same section as the provisional numbers. However, elsewhere in the provided disclosure text, the bank refers to “significant growth in retail and SME loans” along with overall advances growth.

Total deposits: sequential rise and double-digit annual growth

Total deposits were reported at ₹13,358 billion for the March 31, 2026 quarter-end. Axis Bank reported 6.0% QoQ and 13.9% YoY growth in total deposits. Deposit growth matters because it influences funding costs, liquidity buffers, and the bank’s ability to sustain loan growth. The update suggests the bank added deposits both in the immediately preceding quarter and over the last twelve months.

CASA balances: higher balances, improving low-cost deposit base

The bank’s Current Account Savings Account (CASA) balances reached ₹5,289 billion. CASA balances grew 7.3% QoQ and 10.6% YoY, as per the provisional numbers. CASA is typically considered a lower-cost source of funds compared with term deposits. A faster QoQ rise in CASA than overall deposits can support funding mix, depending on how term deposits trend over the same period. The disclosure text also mentions that the “share of CASA deposits in total deposits stood at 42%”, although the specific date for that ratio is not stated in the same line.

Term deposits: steady sequential growth, stronger YoY momentum

Term deposits were reported at ₹8,069 billion. They rose 5.1% QoQ and 16.1% YoY in the quarter ended March 31, 2026. This shows term deposits grew slightly slower than CASA on a sequential basis, but faster on a YoY basis. For banks, stronger term deposit growth can support liquidity and loan expansion, but it can also affect overall cost of funds depending on market rates and competition.

Quarterly average balances (QAB): what the averages indicate

Axis Bank also provided quarterly average balances, which can reduce month-end seasonality effects. The quarterly average balance for total deposits stood at ₹12,265 billion, up 2.4% QoQ and 13.1% YoY. The CASA quarterly average balance stood at ₹4,583 billion, up 2.3% QoQ and 10.4% YoY. The term deposits quarterly average balance was ₹7,682 billion, up 2.5% QoQ and 14.8% YoY. Compared with month-end numbers, QAB growth rates are lower on a QoQ basis, which can happen when balances build closer to the quarter-end.

Key numbers at a glance

Additional context from earlier disclosed periods in the same text

The provided text also includes business metrics for earlier periods, offering a broader context on Axis Bank’s growth trajectory. As of June 30, 2025, total deposits were ₹11,616.15 billion, up from ₹10,624.84 billion as of June 30, 2024. For the same June 30, 2025 date, CASA deposits were ₹4,681.66 billion, and the CASA ratio was stated at 40%. Net advances were disclosed at ₹10,597.24 billion as of June 30, 2025, with retail loans at ₹6,229.60 billion, accounting for 59% of net advances.

The text also cites end-September 2025 figures: business at ₹23,201.90 billion, advances at ₹11,167.03 billion, and deposits at ₹12,034.87 billion. CASA deposits at end-September 2025 were stated at ₹4,790.07 billion, with the CASA ratio at 39.8%. Current account deposits were ₹1,612.83 billion, while savings account deposits were ₹3,177.24 billion for that period.

Market impact: what these operating metrics typically influence

The March 2026 quarter numbers show Axis Bank growing both sides of the balance sheet, with advances rising faster than deposits on a YoY basis in the provisional disclosures. Investors often track whether deposit mobilisation is keeping pace with loan growth, as this can affect reliance on wholesale funding and the bank’s liquidity profile. The funding mix also matters, and the March 2026 update separately highlights growth in CASA and term deposits, as well as quarterly average balances. Because the update is provisional and does not include margins, slippages, credit costs, or profitability, it primarily informs expectations around loan momentum and deposit trends.

Analysis: why the QAB and mix details matter for banks

Providing both quarter-end and QAB numbers helps readers separate underlying run-rate trends from quarter-end spikes. In this update, QAB growth is meaningfully lower than quarter-end growth on a QoQ basis for deposits, CASA, and term deposits, which signals balances may have built up later in the quarter. The split between CASA (₹5,289 billion) and term deposits (₹8,069 billion) also highlights the bank’s funding composition at quarter-end. For banking analysts, the balance between CASA growth and term deposit growth is important, as it can influence pricing power and the overall cost of deposits. The provisional loan and deposit numbers, taken together, point to continued scale-up ahead of the bank’s detailed financial results.

Conclusion

Axis Bank’s provisional update for the quarter ended March 31, 2026 shows gross advances of ₹12,442 billion and total deposits of ₹13,358 billion, with healthy growth on both QoQ and YoY basis. CASA balances rose to ₹5,289 billion, while term deposits reached ₹8,069 billion, and the bank also disclosed QAB trends for deposits. The next key milestone for investors will be the bank’s detailed quarterly results, where profitability, asset quality, and margin movement will provide the full picture behind this balance-sheet growth.