Axis Bank Ltd Share Price – NSE /  BSE

Banks, Mid Cap

According to the report, the bank's management now expects net interest margins to bottom out in the fourth quarter or early in the first quarter, later than the earlier guidance of a third-quarter trough.

Management expects a shallow, C-shaped recovery in margins. Net interest margins are seen moving towards 3.8% over the next 15 to 18 months.

The report said optimisation of the fee-to-assets ratio remains constrained in the near term due to the current business mix and market conditions.

The brokerage reiterated a Neutral stance on the stock and maintained a target price of Rs 1,285.

On asset quality, management said stress in the credit card portfolio is easing. The personal loan book has largely stabilised. No fresh stress is visible in export-oriented MSMEs.

Technical gross slippages may see a seasonal uptick in the third quarter, led by agricultural cash credit and overdraft facilities. Management said the impact is expected to be milder than in the previous stress cycle.

Management also pointed to improving momentum in the corporate segment. Working capital utilisation and refinancing activity are picking up. The retail business is showing early signs of recovery, though sustainability remains under watch.

Axis Bank is the third-largest private sector bank in India. As of 30th September 2025, the bank's distribution network comprised 5,976 domestic branches and 13,177 ATMs.

The bank reported a 26.42% decline in standalone net profit to Rs 5,089.64 crore in Q2 FY26 compared with Rs 6,917.57 crore in Q2 FY25. Total income increased 1.22% YoY to Rs 37,594.81 crore in Q2 FY26. The bank?s net interest income (NII) stood at Rs 13,745 crore in Q2 FY26, up 1% QoQ and 2% YoY basis. Net Interest Margin (NIM) for Q2 FY26 stood at 3.73%.

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Axis Bank has allotted 1,89,534 equity shares of Rs. 2/- each of the Bank on 02 December 2025, pursuant to exercise of stock options / units under its ESOP / RSU Scheme.

The paid-up share capital of the Bank has accordingly increased from Rs. 6,207,683,300 (3,103,841,650 equity shares of Rs. 2/- each) to Rs. 6,208,062,368 (3,104,031,184 equity shares of Rs. 2/- each).

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He will succeed Amit Talgeri who will step down on completion of his second term, at the close of business hours on December 31, 2025.

Anand is an alumnus of Indian Institute of Management Calcutta, where he specialized in Economics and Finance ranking 2nd in his class. He is a rank holder Chartered Accountant and rank holder Company Secretary. Additionally, he holds the FRM certification from the Global Association of Risk Professionals.

He is presently head, market & liquidity risk & ERM & model risk at Axis Bank and has over two decades of experience across risk management, financial markets, and structuring, having held leadership roles at Axis Bank and other foreign and Indian banks.

Meawnhile, the bank?s board has approved the allotment of 5,00,000 non-convertible debentures (NCDs) (series-9) aggregating to Rs 5,000 crore on private placement basis.

The bank will issue 5,00,000 fully paid, senior, rated, listed, unsecured, taxable, redeemable, long term NCDs (series ? 9) with a face value of Rs 1 lakh. The debentures carry a coupon rate of 7.27% per annum, payable annually, and will mature on 26 November 2035.

The NCDs are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India.

The NCDs are rated ?CRISIL AAA/Stable? by CRISIL Ratings, ?[ICRA]AAA/Stable? by ICRA, and ?Ind AAA/Stable? by India Ratings & Research.

Axis Bank is the third-largest private sector bank in India. As of 30th September 2025, the bank's distribution network comprised 5,976 domestic branches and 13,177 ATMs. The Bank?s Axis Virtual Centre is present across eight centres with over 1,786 Virtual Relationship Managers as on 30th September 2025.

The bank reported a 26.42% decline in standalone net profit to Rs 5,089.64 crore in Q2 FY26 compared with Rs 6,917.57 crore in Q2 FY25. Total income increased 1.22% YoY to Rs 37,594.81 crore in Q2 FY26.

The scrip rose 0.32% to Rs 1,294.30 on the BSE.

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Axis Bank proposes to raise funds by issuing Fully paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debentures (Series - 9) - Base issue of Rs. 2,000 crore and green shoe option to retain oversubscription of Rs. 3,000 crore thereby aggregating Rs. 5,000 crore, on a private placement basis.

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