Axis Bank posts 38% profit rise in Q2 as HDFC Bank reports net profit of Rs 19,509 crore

Axis Bank reported a net profit of ₹7,003 crore for the second quarter, marking a 38 per cent rise driven by a fall in provisions. Net interest income grew 12 per cent to Rs 15,371 crore during the period.

Financial Health

Provisions for the lender fell by 52 per cent, while the gross non-performing asset ratio improved to 1.16 per cent. The bank also reported FCNR-B deposits of ₹1.018 trillion, which includes deposits backed by advances from its international branches and standby letters of credit.

Other Major Lenders

Meanwhile, according to Economic Times - Markets, India's largest private lender HDFC Bank posted a net profit of Rs 19,509 crore for the second quarter of FY27, marking a 4.6 per cent year-on-year jump from Rs 18,641 crore recorded in the same period last year.

Context

Major commercial banks report quarterly financial results to update shareholders and regulators on their earnings, loan growth, and asset quality. Private lenders in India track net interest income and provisions closely to measure their core lending health and risk coverage.