Axis Bank leads large private banks in loan, deposit growth in Q1FY27

Banks saw good growth in loans during April–June (Q1 FY27) because businesses needed more working capital loans due to rising costs.

Among private banks, Axis Bank performed the best, with both loans and deposits growing by more than 18% compared to last year.

• Total loans (advances) reached ₹12.73 trillion (up 18.8%)
• Deposits increased to ₹13.73 trillion (up 18.2%)
• Term deposits grew strongly by 23%, helping overall deposit growth Businesses are borrowing more due to higher costs, and Axis Bank is growing fast in both lending and deposits.