Key Metrics of Axis Bank
About Axis Bank
Outlets operated by Axis Bank.
Sectors
Company details
- Website
- axis.bank.in
- Founded
- 1990
- Registered office
- Trishul, 3rd Floor, Opp. Samartheshwar Temple Law Garden, Ellisbridge, Ahmedabad, In-gj, 380006
- Listed
- NSE: AXISBANK · ₹1,205.70
Operational Areas of Axis Bank
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 09 Oct 2026 | CARE | Reaffirmed | AAA | — | Stable | ₹11,850 Cr | View |
| 30 Dec 2025 | CARE | Reaffirmed | AAA | — | Stable | ₹11,850 Cr | View |
| 22 Sep 2025 | CARE | Reaffirmed | AAA | — | Stable | ₹11,850 Cr | View |
| 27 Sep 2024 | CARE | Reaffirmed | AAA | — | Stable | ₹11,850 Cr | View |
| 29 Sep 2023 | CARE | Reaffirmed | AAA | — | Stable | ₹11,850 Cr | View |
| 04 Apr 2023 | CARE | Reaffirmed | AAA | — | Stable | ₹11,850 Cr | View |
| 08 Apr 2022 | CARE | Reaffirmed | AAA | — | Stable | ₹6,300 Cr | View |
| 06 Sep 2021 | CARE | Reaffirmed | AAA | — | Stable | ₹39,300 Cr | View |
| 07 Sep 2020 | CARE | Reaffirmed | AAA | — | Stable | ₹39,300 Cr | View |
| 06 Dec 2019 | CARE | Reaffirmed | AAA | — | Stable | ₹39,300 Cr | View |
Credit strengths (CARE, Oct 2026)
+ Strong capitalisation levels
Axis Bank continues to maintain adequate capitalisation, supported by healthy internal accruals and its demonstrated ability to raise capital from the equity and debt markets. The Bank’s capital adequacy ratio (CAR) stood at 16.42% as on March 31, 2026, compared with 17.07% as on March 31, 2025, while CET-I moderated to 14.38% from 14.67% over the same period. The moderation was partly in the backdrop of strong balance-sheet growth, with advances increasing by 18.5% YoY and total assets
+ CareEdge Ratings notes the change in the senior management team following the appointment of Mr. Rajeev Mantri as Chief
Financial Officer (CFO), effective September 28, 2026, pursuant to the resignation of Mr. Puneet Sharma. Mr. Mantri is a Char tered Accountant an d holds a Global Executive MBA from INSEAD, Singapore, with nearly three decades of experience in banking and financial services across finance, strategy, regulatory engagement, governance and business transformation. CareEdge Ratings does not expect the aforesaid management transition to have any material impact on the Bank’s credit profile, consideri
+ Strong liability franchise and diversified resource profile
Axis Bank continues to have an established deposit franchise with a large and diversified depositor base. Total deposits incr eased by 13.9% YoY to ₹13,35,834 crore as on March 31, 2026, compared with ₹11,72,952 crore as on March 31, 2025. Deposit mobilisation strengthened further in Q1FY27, with deposits increasing by 18.2% YoY to ₹13,72,936 crore as on June 30, 2026, broadly supporting the strong growth in advances.
Credit challenges
− Moderate asset quality
Axis Bank continues to report comfortable headline asset-quality indicators, with the GNPA ratio improving to 1.23% as on March 31, 2026, from 1.28% as on March 31, 2025, aided by strong advances growth. However, NNPA increased moderately from 0.33% to 0.37% over the same period. As on June 30, 2026, GNPA stood at 1.28% and NNPA at 0.39%, indicating broadly stable headline asset quality. Nevertheless, fresh slippages remained elevated during FY26. Additions to GNPA increased from ₹19,442 crore i
− Moderate earnings profile
The Bank's profitability moderated during FY26 despite strong balance-sheet growth. Total income increased by only 3.5% YoY to ₹1,53,163 crore, while PPOP grew by 1.7% to ₹42,817 crore. At the same time, provisions increased sharply by 71% to ₹13,263 crore, resulting in PBT declining by 14.0% and PAT declining by 7.3% to ₹24,457 crore. The Bank witnessed material compression in margins, with NIM declining to 3.2 2% in FY26 from 3.54% in FY25 , driven by
Could lead to an upgrade
Factors that could individually or collectively lead to positive rating action/upgrade: • Not applicable
Agency-reported financials (CARE, 09 Oct 2026)
| Metric | March 31, 2025 | March 31, 2026 | Q1FY27 |
|---|---|---|---|
| Total income | ₹1,47,934 Cr | ₹1,53,163 Cr | ₹40,721 Cr |
| Profit after tax (PAT) | ₹26,373 Cr | ₹24,457 Cr | ₹7,114 Cr |
| Total assets | ₹16,03,714 Cr | ₹18,78,659 Cr | ₹19,21,966 Cr |
| Net interest margin (NIM) (%) | 3.5% | 3.2% | 3.1% |
| Net NPA (%) | 0.3% | 0.4% | 0.4% |
| Capital adequacy ratio (CAR) (%) | 17.1% | 16.4% | 16.7% |
| Revenue growth (YoY) | — | 3.5% | — |
| PAT margin | 17.8% | 16.0% | 17.5% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Issuer | Other | — | ₹0 | — | AAA (Stable) | Reaffirmed | CARE |
| Infrastructure Bonds | Debentures & bonds | — | ₹5,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Infrastructure Bonds | Debentures & bonds | — | ₹3,500 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Tier II Bonds | Subordinated debt | — | ₹3,350 Cr | — | AAA (Stable) | Reaffirmed | CARE |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| INE238A08344 | BASEL II Lower Tier II | Subordinated debt | 9.15% | 31 Dec 2012 | 31 Dec 2022 | — | — | Withdrawn |
| INE238A08336 | BASEL II Lower Tier II | Subordinated debt | 9.30% | 20 Mar 2012 | 20 Mar 2022 | — | — | Withdrawn |
| INE238A08328 | BASEL II Lower Tier II | Subordinated debt | 9.73% | 01 Dec 2011 | 01 Dec 2021 | — | — | Withdrawn |
| INE238A08401 | Bonds Oct Oct | Debentures & bonds | — | — | — | ₹0 | — | Withdrawn |
| INE238A08385 | Bonds Oct Oct | Debentures & bonds | — | — | — | ₹0 | — | Withdrawn |
| INE238A08377 | Sep Sep | Subordinated debt | — | — | — | ₹0 | — | Withdrawn |
| INE238A08369 | Feb Feb | Subordinated debt | — | — | — | ₹0 | — | Withdrawn |
CARE ratings on record (checked 26 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Infrastructure Bonds | ₹8,500 Cr | CARE AAA; Stable |
| Issuer Ratings | — | CARE AAA; Stable |
| Lower Tier II | — | Withdrawn |
| Tier II Bonds | ₹3,350 Cr | CARE AAA; Stable |
Credit assessment · Banks
Rating Methodology – Banks (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Information on file | 33% · missing: Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Lender details, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 70% chance the next rating action is stable or better
- Current rating AAA (investment grade)
Rated limits by facility
Timeline
From the report
The Bank raised equity capital of ₹10,000 crore (₹9,963 crore net of share issue expenses) in FY21 through a qualified institutional placement (QIP), which strengthened its core capitalisation.
From the report
In FY22, the Bank raised Additional Tier I (AT I) capital of US$600 million (~₹4,548 crore), while in FY23, it raised Tier II bonds aggregating ₹12,000 crore.
From the report
During FY26, the Bank raised ₹5,000 crore through long-term infrastructure bonds in November 2025, demonstrating continued access to debt capital markets.
From the report
CareEdge Ratings expects ABL to continue providing growth capital and strategic support to these entities, as evidenced by equity infusions of₹250 crore into Axis Securities Limited and ₹599 crore into Axis Finance Limited in FY25.
From the report
The bank raised equity capital of ₹10,000 crore (₹9,963 crore net of share issue expenses) in FY21 from qualified institutional placement (QIP) of equity shares, which strengthened the core capitalisation of the bank.
From the report
In FY23, the bank raised Tier II bonds of ₹12,000 crore.
From the report
CareEdge Ratings expects ABL to continue providing growth capital and strategic support to these entities, as evidenced by equity infusions of ₹250 crore into Axis Securities Limited and ₹598 crore into Axis Finance Limited in FY25.
From the report
The bank raised equity capital of ₹10,000 crore (₹9,963 crore net of share issue expenses) in FY21 from qualified institutional placement (QIP) of equity shares, which strengthened the core capitalisation of the bank.
From the report
In FY23, the bank raised Tier II bonds of ₹12,000 crore.
From the report
CareEdge Ratings expects ABL to continue providing growth capital and strategic support to these entities, as evidenced by equity infusions of ₹250 crore into Axis Securities Limited and ₹598 crore into Axis Finance Limited in FY25.
From the report
The bank raised equity capital of ₹10,000 crore (₹9,963 crore net of share issue expenses) during FY21 by way of Qualified Institutional Placement (QIP) of equity shares which strengthened the core capitalisation of the bank.
From the report
During FY23, the bank raised Tier II bonds of ₹12,000 crore.
From the report
The bank reported high quality liquid assets (HQLA) of Rs. 2,57,647 crores as on March 31, 2024.
From the report
The bank raised equity capital of ₹10,000 crore (₹9,963 crore net of share issue expenses) during FY21 by way of Qualified Institutional Placement (QIP) of equity shares which strengthened the core capitalisation of the bank.
From the report
During FY23, the bank raised Tier II bonds of ₹12,000 crore.
From the report
The bank reported high quality liquid assets (HQLA) of ₹2,48,537 crore as on March 31,2023 and ₹2,41,461 crore as on June 30,2023.
From the report
The bank raised equity capital of ₹10,000 crore (₹9,963 crore net of share issue expenses) during FY21 by way of Qualified Institutional Placement (QIP) of equity shares which strengthened the core capitalisation of the bank.
From the report
Earlier in FY20, the bank raised equity capital of Rs.2,563 cr ore by way of conversion of warrants and Rs.12,500 crore by way of QIP of equity shares during FY20.
From the report
Further, to enhance the bank’s ability to absorb any loss or incremental credit costs, the bank raised additional equity capital of Rs.10,000 crore (Rs.9,963.02 crore net of share issue expenses) by way of Qualified Institutional Placement (QIP) of equity shares during FY21demonstrating strong ability to raise equity capital.
From the report
The bank raised equity capital of Rs.12,500 crore during FY20 (refers to period from April 01 to March 31) by way of a qualified institutional placement (QIP) at an issue price of Rs.629 per share.
From the report
In order to shore up the bank’s ability to absorb any loss or incremental credit costs, the bank has raised equity capital of Rs.10,000 crore through a QIP of equity shares during Q2FY21 (refers to period from July 01 to September 30) and has an enabling board resolution to raise additional Rs.5,000 crore of capital.
From the report
During Q2FY20 (refers to period from July 01 to September 30), the bank raised additional equity capital of Rs.12,500 crore by way of a qualified institutional placement (QIP) at an issue price of Rs.629 per share.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Axis Bank
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 HDFC Bank |
Outlets operated by HDFC Bank. | hdfc.bank.in | 1994 | India |
 ICICI Bank |
Outlets operated by ICICI Bank. | icici.bank.in | — | India |
 State Bank of India |
Outlets operated by State Bank of India. | sbi.bank.in | 1955 | India |
| Outlets operated by Bank of Baroda. | bankofbaroda.bank.in | 1908 | India | |
 Punjab National Bank |
Outlets operated by punjab national bank. | pnb.bank.in | 1894 | India |
 Canara Bank |
Outlets operated by Canara Bank. | canarabank.com | 1906 | Mumbai, India |
 Union Bank of India |
Outlets operated by Union Bank of India. | unionbankofindia.bank.in | 1919 | India |
| Outlets operated by Bank of India. | bankofindia.bank.in | 1906 | Mumbai, India | |
| Outlets operated by Kotak Mahindra Bank. | kotak.bank.in | 1985 | Mumbai, India | |
| Outlets operated by Indian Bank. | indianbank.bank.in | 1907 | Thrissur, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
economics of banking, financial services, financial sector
Filings
No filings on record yet.