Axis Bank reports 22.7% rise in gross advances in Q2
In short
Axis Bank said its gross advances rose 22.7% year on year to Rs 13.846 lakh crore in Q2, and total deposits rose 20.7% to Rs 14.521 lakh crore. The bank also mentioned FCNR(B) deposit mobilisation and a senior management resignation.
This matters because loan and deposit growth can shape a bank’s outlook and its share price. The source does not say who resigned or whether the update changes earnings expectations.
What the reporting says
Axis Bank reported a 22.7% year-on-year rise in gross advances to Rs 13.846 lakh crore in Q2, while total deposits grew 20.7% to Rs 14.521 lakh crore. The publisher summary also says the bank disclosed FCNR(B) deposit mobilisation and a senior management resignation, while shares ended at ₹1,223.95, up 0.82% on the BSE. The reporting does not identify the resigning executive or explain the market reaction.
Why it matters
Axis Bank reported Q2 business-update numbers showing gross advances up 22.7% year on year to Rs 13.846 lakh crore and total deposits up 20.7% to Rs 14.521 lakh crore. The publisher summary also noted FCNR(B) deposit mobilisation and a senior management resignation, while shares closed at ₹1,223.95, up 0.82% on the BSE. The source does not name the executive or give any earnings impact.