Axis Bank Accelerates, IndusInd Stumbles in Q3FY26 Private Bank Scorecard

• Axis Bank showed the fastest sequential profit growth (27.5%) and strong deposit growth, despite a slight margin decline.
• HDFC Bank and ICICI Bank maintained stability with steady loan and deposit expansion, and strong asset quality.
• Kotak Mahindra Bank led in loan growth (16.1% YoY), maintained the highest CASA ratio (41.3%), and sector-leading NIM (4.54%).
• IndusInd Bank was the weakest performer, facing declines in advances (13.5% YoY), deposits, and a sharp 90.9% YoY profit collapse.
• Asset quality remained stable for most large banks, but IndusInd Bank had elevated net NPA (1.04%) and high credit costs (2.62%).

Why It Matters: Q3FY26 saw mixed results for top private banks, with Axis and Kotak performing well, while IndusInd struggled significantly.