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Axis Bank reports growth in advances and deposits
Axis Bank’s gross advances grew 14% in Q3, while deposits reached ₹12.6 lakh crore, up about 15% year on year.
Axis Bank posted a 14% year-on-year increase in gross advances for the third quarter, supported by retail and corporate lending growth. Total deposits rose about 15% to ₹12.6 lakh crore, reflecting sustained customer engagement across segments. The lender maintained credit metrics while expanding its loan book, with growth seen across key portfolios amid ongoing demand for banking services.