New Delhi, July 5 -- Axis Bank, the third largest private sector lender in India, reported more than 18% growth each in its advances and deposits during the first quarter of FY27, according to its quarterly business update.

The bank's gross advances stood at Rs.12.73 lakh crore as on 30 June 2026, registering a rise of 18.8% from Rs.10.72 lakh crore in June 2025. On a sequential basis, gross advances grew 2.3% from Rs.12.44 lakh crore in the quarter ended March 2026.

Total deposits of Axis Bank in Q1FY27 increased 18.2% to Rs.13.73 lakh crore from Rs.11.62 lakh crore, year-on-year (YoY). Total deposits were up 2.8% from Rs.13.36 lakh crore in the March quarter.

The current account and savings account, or CASA deposits grew 11.4% YoY to...