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Consolidated Financial Statements as prescribed by The Institute of Chartered Accountants of India. n n4.tThe figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published/ unaudited year to date figures upto the end of the third quarter of the respective financial year. n n5.tThe financial statements of certain subsidiaries have been prepared in accordance with notified Indian Accounting Standards (‘Ind-AS’) with effect from 1 April, 2018. The financial statements of such subsidiaries used for consolidation of the consolidated financial results are special purpose financial statements prepared in accordance with Generally Accepted Accounting Principles in India (‘GAAP’) specified under section 133 of the Companies Act, 2013 read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016. n n6.tCOVID-19 virus, a global pandemic has affected the world economy including India leading to significant decline and volatility in financial markets and decline in economic activities. On 24th March, 2020, the Indian Government announced a strict 21-day lock-down which was further extended by 19 days across the country to contain the spread of the virus. The extent to which the COVID-19 pandemic will impact the Bank’s provision on assets will depend on the future developments, which are highly uncertain, including among the other things any new information concerning the severity of the COVID-19 pandemic and any action to contain its spread or mitigate its impact whether government mandated or elected by the Bank. n nThe RBI on 27th March, 2020 and 17th April, 2020, announced ‘COVID-19 Regulatory Package’ on asset classification and provisioning. In terms of the RBI guidelines, the lending institutions have been permitted to grant a moratorium of three months on payment of all instalments/interest, as applicable, falling due between 1st March, 2020 and 31st May, 2020 (‘moratorium period’). As such, in respect of all accounts classified as standard as on 29th February, 2020, even if overdue, the moratorium period, wherever granted, shall be excluded by the lending institutions from the number of days past-due for the purpose of asset classification under RBI’s Income Recognition and Asset Classification norms. The Bank holds provisions as at 31st March 2020 against the potential impact of COVID-19 based on the information available at this point in time. The provisions held by the Bank are in excess of the RBI prescribed norms. n n7.tIn accordance with RBI circular DBR.No.BP.BC.1/21.06.201/2015-16 dated 1st July, 2015 on ‘Basel III Capital Regulations’ and RBI circular DBR.No.BP.BC.80/21.06.201/2014-15 dated 31st March, 2015 on ‘Prudential Guidelines on Capital Adequacy and Liquidity Standards Amendments’, banks are required to make Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III framework. The Bank has made these disclosures which are available on its website at the following link: http://www.axisbank.com/investor-corner/baselIII-disclosures.aspx. The disclosures have not been subjected to audit or limited review by the statutory auditors of the Bank. n n8.tThe above results have been approved by the Board of Directors of the Bank at its meeting held at Mumbai today. n n9.tPrevious period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures. 2020-03-31 Audited Consolidated 493233000000.00 112793400000.00 10987100000.00 20143300000.00 637156800000.00 163419900000.00 800576700000.00 379959400000.00 58199600000.00 122458000000.00 180657600000.00 560617000000.00 239959700000.00 187159300000.00 0.00 52800400000.00 34012900000.00 18787500000.00 0.00 18787500000.00 0.00 256400000.00 18531100000.00 5643400000.00 2.00 857760900000.00 0.00 0.1348 0.0112 6.83 6.80 6.83 6.80 302338200000.00 93604100000.00 0.0486 0.0156 0.002 'Directors' fees, allowances and expenses 9900000.00 Advertisement and publicity 618200000.00 Auditor's fees and expenses 13800000.00 Depreciation on bank's property (incl. impairment provision) 2355300000.00 Insurance & Other Expenditure 25507700000.00 Law Charges 434700000.00 Postage, Telegrams, Telephones etc. 890400000.00 Printing and stationery 346300000.00 Rent, taxes & lighting 2995300000.00 Repairs and maintenance 3158200000.00 'Directors' fees, allowances and expenses 34400000.00 Advertisement and publicity 1347600000.00 Auditor's fees and expenses 36000000.00 Depreciation on bank's property (incl. impairment provision) 8060700000.00 Insurance & Other Expenditure 83614700000.00 Law Charges 1237400000.00 Postage, Telegrams, Telephones etc. 2887700000.00 Printing and stationery 1664900000.00 Rent, taxes & lighting 11714200000.00 Repairs and maintenance 11860400000.00 2.tThe above results represent the consolidated financial results of Axis Bank Limited and its subsidiaries. n n3.tThe above results are prepared in accordance with the principle set out in Accounting Standard 21 - Consolidated Financial Statements as prescribed by The Institute of Chartered Accountants of India. n n4.tThe figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published/ unaudited year to date figures upto the end of the third quarter of the respective financial year. n n5.tThe financial statements of certain subsidiaries have been prepared in accordance with notified Indian Accounting Standards (‘Ind-AS’) with effect from 1 April, 2018. The financial statements of such subsidiaries used for consolidation of the consolidated financial results are special purpose financial statements prepared in accordance with Generally Accepted Accounting Principles in India (‘GAAP’) specified under section 133 of the Companies Act, 2013 read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016. n n6.tCOVID-19 virus, a global pandemic has affected the world economy including India leading to significant decline and volatility in financial markets and decline in economic activities. On 24th March, 2020, the Indian Government announced a strict 21-day lock-down which was further extended by 19 days across the country to contain the spread of the virus. The extent to which the COVID-19 pandemic will impact the Bank’s provision on assets will depend on the future developments, which are highly uncertain, including among the other things any new information concerning the severity of the COVID-19 pandemic and any action to contain its spread or mitigate its impact whether government mandated or elected by the Bank. n nThe RBI on 27th March, 2020 and 17th April, 2020, announced ‘COVID-19 Regulatory Package’ on asset classification and provisioning. In terms of the RBI guidelines, the lending institutions have been permitted to grant a moratorium of three months on payment of all instalments/interest, as applicable, falling due between 1st March, 2020 and 31st May, 2020 (‘moratorium period’). As such, in respect of all accounts classified as standard as on 29th February, 2020, even if overdue, the moratorium period, wherever granted, shall be excluded by the lending institutions from the number of days past-due for the purpose of asset classification under RBI’s Income Recognition and Asset Classification norms. The Bank holds provisions as at 31st March 2020 against the potential impact of COVID-19 based on the information available at this point in time. The provisions held by the Bank are in excess of the RBI prescribed norms. n n7.tIn accordance with RBI circular DBR.No.BP.BC.1/21.06.201/2015-16 dated 1st July, 2015 on ‘Basel III Capital Regulations’ and RBI circular DBR.No.BP.BC.80/21.06.201/2014-15 dated 31st March, 2015 on ‘Prudential Guidelines on Capital Adequacy and Liquidity Standards Amendments’, banks are required to make Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III framework. The Bank has made these disclosures which are available on its website at the following link: http://www.axisbank.com/investor-corner/baselIII-disclosures.aspx. The disclosures have not been subjected to audit or limited review by the statutory auditors of the Bank. n n8.tThe above results have been approved by the Board of Directors of the Bank at its meeting held at Mumbai today. n n9.tPrevious period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures. Corporate/Wholesale Banking 79771100000.00 Other Banking Business 5534000000.00 Retail Banking 162779900000.00 Treasury 50215000000.00 Unallocated 0.00 Corporate/Wholesale Banking 302977300000.00 Other Banking Business 17627000000.00 Retail Banking 614912500000.00 Treasury 231666600000.00 Unallocated 0.00 298300000000.00 1167183400000.00 90437700000.00 366606700000.00 207862300000.00 800576700000.00 Corporate/Wholesale Banking -334600000.00 Other Banking Business 3843700000.00 Retail Banking 7401300000.00 Treasury -9663400000.00 Unallocated 0.00 Corporate/Wholesale Banking -5078200000.00 Other Banking Business 11679000000.00 Retail Banking 49489700000.00 Treasury 15532700000.00 Unallocated 0.00 1247000000.00 71623200000.00 0.00 0.00 18822800000.00 18822800000.00 -17575800000.00 52800400000.00 Corporate/Wholesale Banking 2705947400000.00 Other Banking Business 8035700000.00 Retail Banking 3290479600000.00 Treasury 3183978200000.00 Unallocated 0.00 9188440900000.00 90277200000.00 90277200000.00 9278718100000.00 Corporate/Wholesale Banking 1395376800000.00 Other Banking Business 2149200000.00 Retail Banking 4062833600000.00 Treasury 2933964100000.00 Unallocated 0.00 8394323700000.00 20990100000.00 20990100000.00 8415313800000.00 Effective 1st April 2019, the Bank has reported inter segment revenue and inter segment expense in the Central Funding Unit (which forms part of Treasury segment) on a net basis as against earlier practice of reporting revenue and expenses on a gross basis. Accordingly, segmental revenue numbers for the previous periods have been restated to make them comparable with current period numbers. There is no impact of this change on the segmental profit before tax.