Axis Bank's net profit fell 4% in Q1 FY2026, impacted by increased bad loan provisions.

Axis Bank reported a 4% drop in net profit to ₹5,806 crore for the first quarter of fiscal year 2026, due to higher provisions for bad loans. Net interest income slightly increased to ₹13,560 crore. Despite this, the bank saw a 14% rise in operating profit to ₹11,515 crore, and deposits grew 9% to ₹11.62 lakh crore. Gross NPAs rose to 1.57%, and the bank's capital adequacy ratio improved to 16.85%.