Axis Bank seeks shareholder approval to raise Rs 55,000 crore in FY27, comprising Rs 20,000 crore equity and Rs 35,000 crore debt. This capital raise supports the bank's strategy to strengthen its balance sheet by aggressively mobilizing deposits and focusing on premium customer acquisition.
Axis Bank aims for industry-leading growth while balancing margins, according to MD & CEO Amitabh Chaudhry. Despite a 7% net profit dip in FY26, the bank expanded market share in advances and deposits, maintained a 40% CASA ratio, and invested in technology and branch expansion to over 6,000 locations to strengthen its Bharat Banking franchise.
Axis Bank reported Q4FY26 net profit of Rs 7,071 crore, down 0.64% YoY, despite 4.7% growth in interest income to Rs 32,724 crore. Net Interest Income rose 5% to Rs 14,457 crore with NIM at 3.62%. The bank strengthened its balance sheet with cumulative provisions of Rs 15,473 crore and created a one-time provision of Rs 2,001 crore against macroeconomic uncertainties. Advances grew 19% YoY to Rs 12,33,570 crore while Gross NPA improved to 1.23% from 1.40% in Q3FY26.
The Indian stock market saw mixed movements today, with the BSE and NSE experiencing gains and losses across various sectors. Trent and SBI emerged as top gainers on both exchanges, while companies like Titan and Axis Bank faced declines. Technology and banking stocks showed a general downward trend.
