Axis Bank reports Q1 results showing growth in both advances and deposits, along with improvements in its CASA mix. The bank’s total deposits rise 2.8% quarter-on-quarter and 18.2% year-on-year to Rs 13.73 lakh crore. The reporting also highlights that CASA strength improves during the quarter, indicating a higher contribution from current and savings accounts within the overall deposit base. Across the same update, the bank’s gross advances are reported to increase 18% year-on-year, reflecting continued expansion in lending. The figures point to simultaneous growth on both the liability side (deposits) and the asset side (advances) during the quarter. Overall, the update combines deposit growth with stronger CASA performance, suggesting a shift toward a more cost-efficient funding structure. All figures are presented as part of the bank’s Q1 performance update, with both sequential and year-on-year changes cited for deposits.
Axis Bank reports Q1 growth in advances and deposits; CASA improves
Axis Bank reports Q1 results showing growth in both advances and deposits, along with improvements in its CASA mix. The bank’s total deposits rise 2.8% quarter-on-quarter and 18.2% year-on-year to Rs...
- Axis Bank’s total deposits increase to Rs 13.73 lakh crore in Q1.
- Deposits rise 2.8% sequentially (quarter-on-quarter) in Q1.
- Deposits rise 18.2% year-on-year in Q1.
- Axis Bank reports gross advances growing 18% year-on-year in Q1.
- CASA strength improves, indicating better current and savings account contribution.
The bank's total deposits were also up, as they rose 2.8% sequentially and 18.2% on-year to Rs 13.73 lakh crore.
13 hours agoThe bank's total deposits were also up, as they rose 2.8% sequentially and 18.2% on-year to Rs 13.73 lakh crore.
13 hours ago
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