Results▲ Bullish for Axis Bank
Axis Bank Q2 Business Update: Gross advances surge 23%, deposits up 21% YoY
The brief
- Gross advances rose 23% and deposits grew 21% year-on-year
- Shares ended at ₹1,223.95, up 0.82%
- Strong credit and deposit growth supports sentiment on Axis Bank and private-sector banks
- Axis Bank’s Sanjeev Moghe resigns amid banking sector leadership churn
- Who is Sanjeev Moghe? Axis Bank Group Head resigns after 8 years; read his resignation letter: ‘I leave with a...’
- Axis Bank, Kotak Mahindra Bank, Vedanta and Trent in focus for October 6
- Bank stocks rise after Q2 business updates; Bank Nifty gains 1.4%
- ICICI Bank's alumni now run some of India's biggest financial institutions
Axis Bank Q2 advances rise 22.7% to ₹13.846 lakh crore; deposits climb 20.7%
Monday, 5 October
- Axis Bank Q2 Business Update: Gross advances surge 23%, deposits up 21% YoY