AXISBANK

Axis Bank delivered strong Q1 FY26 results with 15% YoY loan growth and profit of ₹7,800 crore. Margins at 4% remain among the best in large banks. Asset quality is stable with GNPA at 1.5%. The bank is gaining share in retail lending and corporate banking. Valuations at ~1.9x book value are attractive compared to HDFC Bank. With digital leadership and strong fundamentals, Axis Bank is well-positioned to deliver consistent growth. A solid private banking pick.