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532215

AXISBANK

NOT LISTED

INE238A01034

Axis Bank Ltd.

Banking Format

Equity

2022-04-01

2023-03-31

2022-07-25

2022-07-06

INR

Lakhs

First quarter

Multi segment

2022-07-25

12:15:00

2022-07-25

16:15:00

Not applicable

2022-04-01

2022-06-30

Unaudited

Standalone

138930100000

42814500000

1929700000

3612200000

187286500000

29989600000

217276100000

93446400000

21860900000

43098800000

64959700000

158406100000

58870000000

3593600000

55276400000

14023800000

41252600000

6142900000

0.1461

0.0062

13.43

13.4

13.43

13.4

210367700000

47806200000

0.0276

0.0064

0.0144

1. Statement of Assets and Liabilities as on 30th June, 2022 is given below: (` in lacs) Particulars As on 30.06.2022 As on 31.03.2022 As on 30.06.2021 (Unaudited) (Audited) (Unaudited) CAPITAL AND LIABILITIES Capital 614,29 613,95 613,05 Employees' Stock Options Outstanding 230,41 148,60 - Reserves and Surplus 1,18,763,50 1,14,411,51 1,03,276,78 Deposits 8,03,571,68 8,21,720,91 7,13,862,15 Borrowings 1,70,605,17 1,85,133,86 1,50,937,75 Other Liabilities and Provisions 58,795,22 53,149,28 43,360,16 TOTAL 11,52,580,27 11,75,178,11 10,12,049,89 ASSETS Cash and Balances with Reserve Bank of India 49,143,82 94,034,51 67,429,70 Balances with Banks and Money at Call and Short Notice 15,922,94 16,952,62 5,565,98 Investments 2,97,765,48 2,75,597,20 2,39,914,61 Advances 7,01,129,93 7,07,695,95 6,14,873,69 Fixed Assets 4,654,91 4,572,35 4,279,63 Other Assets 83,963,19 76,325,48 79,986,28 TOTAL 11,52,580,27 11,75,178,11 10,12,049,89 2. The figures of the last quarter of the previous year 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 previous year. 3. ‘Other income’ includes profit/loss on investments including provision for depreciation, earnings from foreign exchange and derivative transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, selling of third party products etc. 4. During the quarter ended 30th June, 2022, Axis Pension Fund Management Limited (APFML) was incorporated as a subsidiary of Axis Asset Management Company Limited and a step-down subsidiary of Axis Bank Limited (the Bank). The Bank has contributed `7.22 crores towards 9.02% of the paid-up equity share capital of APFML. 5. During the quarter 30th June 2022, the Bank infused additional equity capital of `201.94 crores in Axis Finance Limited, a wholly-owned subsidiary of the Bank. 6. During the quarter ended 30th June, 2022, the Bank allotted 16,84,312 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme. 7. India is emerging from the after effect of COVID-19 virus, a global pandemic that affected the world economy over the last two years. The extent to which any new wave of COVID-19 will impact the Bank’s operations and asset quality will depend on the future developments, which are highly uncertain. 8. Details of loans not in default and stressed loans (NPA and SMA accounts) acquired and transferred during the quarter ended 30th June, 2022 under the RBI Master Direction on Transfer of Loan Exposures dated 24th September, 2021 are given below: a) Details of loans not in default acquired from other entities: Particulars Corporate segment Retail segment Mode of acquisition Assignment Assignment Aggregate principal outstanding of loans acquired `112.12 crores `176.42 crores Weighted average residual maturity 3.83 years 12.84 years Weighted average holding period N.A. N.A. Retention of beneficial economic interest by the originator N.A. 10% Coverage of tangible security 100% secured Weighted Average LTV ~ 50% Rating-wise distribution# of loans acquired by value - BBB and BBB+ 100% N.A. # Represents internal rating as on the date of acquisition b) Details of loans not in default transferred to other entities: Particulars Corporate segment Retail segment Mode of transfer Assignment and Novation - Aggregate principal outstanding of loans transferred `1,536.05 crores - Weighted average residual maturity N.A. - Weighted average holding period (for assignment transactions) 0.32 years - Retention of beneficial economic interest Nil - Coverage of tangible security 100% secured - Rating-wise distribution# of loans transferred by value - A- and above 97% - - BBB+ 3% - # Represents internal rating as on the date of transfer c) The Bank has not transferred (excluding prudentially written off accounts) or acquired any stressed loans (NPA and SMA accounts) during the quarter ended 30th June, 2022. d) The Bank has not made any investment in Security Receipts during the quarter ended 30th June, 2022 and the book value of outstanding Security Receipts as on 30th June, 2022 is Nil. 9. The above results have been recommended by the Audit Committee and approved by the Board of Directors of the Bank at its meeting held today. 10. These results for the quarter ended 30th June, 2022 have been subjected to a “Limited Review” by the joint statutory auditors – M. P. Chitale & Co., Chartered Accountants and CNK & Associates LLP, Chartered Accountants who have issued an unmodified review report thereon. The results for Q1 FY2022 were reviewed by another firm of Chartered Accountants, Haribhakti & Co. LLP on which they had issued an unmodified opinion. 11. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.

Rent, taxes & lighting

3425000000

Printing and stationery

582000000

Advertisement and publicity

118500000

Depreciation on bank's property (incl. impairment provision)

2634600000

Directors' fees, allowances and expenses

12700000

Auditor's fees and expenses

8200000

Law Charges

351500000

Postage, Telegrams, Telephones etc.

851700000

Repairs and maintenance

3464800000

Insurance & Other Expenditure

31649800000

Treasury

45905900000

Corporate/Wholesale Banking

73367500000

Retail Banking

196316500000

Other Banking Business

4643100000

320233000000

102956900000

217276100000

Treasury

10170800000

Corporate/Wholesale Banking

27952900000

Retail Banking

12952700000

Other Banking Business

4200000000

55276400000

Treasury

4260231700000

Corporate/Wholesale Banking

2941724800000

Retail Banking

4238436700000

Other Banking Business

4462600000

11444855800000

80946900000

11525802700000

Treasury

1943143400000

Corporate/Wholesale Banking

1656915500000

Retail Banking

6708172400000

Other Banking Business

493800000

10308725100000

23299700000

10332024800000

Notes: i. In terms of RBI circular dated 7th April, 2022 on Establishment of Digital Banking Units (DBUs), ‘Digital Banking’ is required to be reported as a sub-segment of Retail Banking segment for the purpose of disclosure under Accounting Standard – 17 on Segment Reporting. Considering (i) that the proposed DBUs of the Bank have not commenced operations; and (ii) having regard to the discussions of the DBU Working Group formed by Indian Banks’ Association (IBA) (which included representatives of banks and RBI) held on 14th July, 2022, subject to any further changes in regulation or clarifications, the Bank shall report Digital Banking as a separate sub-segment of Retail Banking segment from the quarter ending 30th September 2022. ii. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.