Axis Bank announced Q1FY26 results Operating performance aided by higher non-interest income and effective cost control: Net Interest Income up 1% YoY and down 2% QoQ, Net Interest Margin (NIM) at 3.80%. Non-interest income up 25% YoY, Fee income up 10%, Retail fee up 9%, granular fees at 91% of total fees. Cost to assets at 2.41% declined 13 bps YoY and 5 bps QoQ. Focus on average deposits continue, MEB deposit growth remains steady: YoY MEB | QAB , total deposits up 9% | 8%; term deposits up 12% | 12%, CA up 9% | 4%, SA up 3% | 1%. MEB | QAB CASA ratio at 40% | 38%, respectively. Average LCR during Q1FY26 was ~119%, outflow rates improved ~150 bps over the last one year. Cost of funds declined 5 bps YoY and 11 bps QoQ. SBB+SME+MC growth remains healthy: SBB+SME+MC mix at Rs 2,472 billion | 23% of total loans, up ~820 bps in last 4 years. Advances grew 8% YoY and 2% QoQ; Bank’s focus segments grew by 11% YoY and 1% QoQ. SME loans up 16% | 2%, Corporate loans up 9% | 6%, Mid-Corporate (MC) up 24% | 15%, on YoY | QoQ basis. SBB book grew 15% YoY and 1% QoQ, Retail loans grew 6% YoY of which Rural loans grew 5% YoY. Well capitalized with self-sustaining capital structure; adequate liquidity buffers: Overall capital adequacy ratio (CAR) stood at 16.85%, CET 1 ratio of 14.68%, up 62 bps YoY. Additional cushion of ~36 bps over the reported CAR, attributable to other provisions of Rs 5,012 crore. Excess SLR of Rs 96,608 crore. Continue to maintain our strong position in Payments and Digital Banking: open by Axis Bank remains among the world’s top rated MB app on Google Play store and iOS app store with a rating of 4.7 and 4.8 respectively; ~15 million MAU. ~0.79 million credit cards acquired in Q1FY26, CIF market share of ~14%. Asset quality trend attributable to Technical Impact (see slide 44 of Q1FY26 investor presentation): GNPA% at 1.57% up 3 bps YoY and 29 bps QoQ, NNPA% at 0.45% up 11 bps YoY and 12 bps QoQ. PCR healthy at 71%; On an aggregated basis, Coverage ratio at 138%. Gross slippage ratio at 3.13%, Net slippage ratio at 2.33%, Net credit cost6 at 1.38%. Provisions to average assets ratio at 1% up 65 bps QoQ. Key domestic subsidiaries delivered steady performance: Q1FY26 total profit at Rs 451 crore up 4% YoY, with a return on investment in domestic subsidiaries of 47%. Axis Finance Q1FY26 PAT grew 23% YoY to Rs 189 crore; asset quality metrics stable, ROE at 13.98%. Axis AMC Q1FY26 PAT grew 12%YoY to Rs 130 crore. Axis Securities customer base grew 15% YoY and Q1FY26 PAT stood at Rs 89 crore. Axis Capital Q1FY26 PAT stood at Rs 38 crore and executed 6 ECM deals in Q1FY26. Result PDF