5322152022-07-012022-09-305322152022-09-305322152022-03-315322152022-04-012022-09-305322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses1Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses2Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses3Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses4Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses5Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses6Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses7Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses8Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses9Member5322152022-07-012022-09-30in-bse-fin:OtherOperatingExpenses10Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses1Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses2Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses3Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses4Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses5Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses6Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses7Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses8Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses9Member5322152022-04-012022-09-30in-bse-fin:OtherOperatingExpenses10Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments1Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments2Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments3Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments4Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments1Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments2Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments3Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments4Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments1Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments2Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments3Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments4Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments1Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments2Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments3Member5322152022-04-012022-09-30in-bse-fin:ReportableSegments4Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments1Member5322152022-09-30in-bse-fin:ReportableSegments1Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments2Member5322152022-09-30in-bse-fin:ReportableSegments2Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments3Member5322152022-09-30in-bse-fin:ReportableSegments3Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments4Member5322152022-09-30in-bse-fin:ReportableSegments4Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments1Member5322152022-09-30in-bse-fin:ReportableSegments1Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments2Member5322152022-09-30in-bse-fin:ReportableSegments2Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments3Member5322152022-09-30in-bse-fin:ReportableSegments3Member5322152022-07-012022-09-30in-bse-fin:ReportableSegments4Member5322152022-09-30in-bse-fin:ReportableSegments4Memberiso4217:INRxbrli:pureiso4217:INRxbrli:shares532215AXISBANKNOTLISTEDINE238A01034Axis Bank Ltd.Banking FormatEquity2022-04-012023-03-312022-10-202022-10-06INRLakhsHalf yearlyMulti segment2022-10-2011:15:002022-10-2016:30:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedConsolidated1577942000004485610000014373000003740400000207828000000447600000002525880000001014998000002382080000046068200000698890000001713888000008119920000054718000000757274000001947490000056252500000056252500000103600000232800000561233000006144600000200.14020.005918.2718.1418.2718.14198937300000399554000000.0250.00510.018Notes: <BR> <BR> 1. Consolidated Statement of Assets and Liabilities of the group as on 30th September, 2022 is given below. <BR> (` in lacs) <BR> Particulars As on 30.09.2022 As on 31.03.2022 As on 30.09.2021 <BR> (Unaudited) (Audited) (Unaudited) <BR> CAPITAL AND LIABILITIES <BR> Capital 614,46 613,95 613,33 <BR> Employees' Stock Options Outstanding 300,69 150,77 82,31 <BR> Reserves and Surplus 1,27,605,58 1,17,495,94 1,08,900,67 <BR> Minority Interest 337,81 261,35 209,36 <BR> Deposits 8,10,041,91 8,20,914,16 7,35,710,14 <BR> Borrowings 1,99,440,30 1,99,778,16 1,70,151,67 <BR> Other Liabilities and Provisions 71,449,55 56,314,18 51,282,14 <BR> TOTAL 12,09,790,30 11,95,528,51 10,66,949,62 <BR> ASSETS <BR> Cash and Balances with Reserve Bank of India 53,364,45 94,034,51 81,932,86 <BR> Balances with Banks and Money at Call and Short Notice 19,578,74 18,309,00 16,213,89 <BR> Investments 2,86,693,75 2,74,608,13 2,49,208,79 <BR> Advances 7,51,899,84 7,25,125,50 6,35,253,61 <BR> Fixed Assets 4,837,49 4,679,12 4,374,10 <BR> Other Assets 93,126,79 78,483,01 79,677,13 <BR> Goodwill on Consolidation 289,24 289,24 289,24 <BR> TOTAL 12,09,790,30 11,95,528,51 10,66,949,62 <BR> <BR> 2. The above results represent the consolidated financial results of Axis Bank Limited and its subsidiaries & associates. <BR> <BR> 3. The above results are prepared in accordance with the principle set out in Accounting Standard 21 - Consolidated Financial Statements and Accounting Standard 23 – Accounting for Investments in Associates in Consolidated Financial Statements as notified under Section 133 of the Companies Act, 2013. <BR> <BR> 4. During the quarter ended 30th September 2022, the Bank infused additional equity capital of `104.81 crores in Axis Finance Limited, a wholly-owned subsidiary of the Bank. <BR> <BR> 5. Axis Asset Management Company Ltd. (AAMC), a subsidiary of the Bank, has proactively initiated an investigation by independent external advisors into certain allegations of potential irregularities relating to the conduct of certain personnel of the said subsidiary. The investigation continues to be in progress and next steps and implications, if any, will be determined basis the final findings in this matter. Considering the size and scale of operations of the Axis Bank Group, the impact, if any, on the consolidated financial results is not expected to be material. <BR> <BR> 6. The financial statements of the Bank’s foreign subsidiary, Axis Bank UK Limited (‘the Company) are prepared in accordance with UK adopted international accounting standards which have been converted to Indian GAAP for the purpose of consolidated financial statements of the Group. Following the termination of the Share Purchase Agreement between OpenPayd Holdings Limited and the Bank for the sale of 100% stake in Axis Bank UK Limited in August 2022, the Company has initiated the wind down of its operations. Accordingly, the financial statements of the Company have been prepared on a basis other than that of a going concern. Considering the size and scale of operations of the Company, the impact of the above is not material on the financial statements/position of the Group. <BR> <BR> 7. The financial statements of certain subsidiaries have been prepared in accordance with notified Indian Accounting Standards (‘Ind-AS’) with effect from 1st April, 2018. The financial statements of such subsidiaries used for consolidation 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. <BR> <BR> 8. In accordance with RBI guidelines, banks are required to make Pillar 3 disclosures including leverage ratio and liquidity coverage ratio and Net Stable Funding Ratio (NSFR) under the Basel III framework. The Bank has made these disclosures which are available on its website at the following link: https://www.axisbank.com/shareholders-corner/regulatory-disclosure/basel-III-disclosures. The disclosures have not been subjected to audit or limited review by the joint statutory auditors of the Bank. <BR> <BR> 9. India is emerging from the after effect of COVID-19 virus, a global pandemic that affected the world economy over the last more than 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. <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> 10. 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. <BR> <BR> 11. These results for the quarter and half year ended 30th September, 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. <BR> <BR> 12. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures. <BR> 2022-04-012022-09-30UnauditedConsolidated301360400000875764000003375300000744920000039976130000079691300000479452600000197147800000477668000009067010000013843690000033558470000014386790000093123000000134555600000344109000001001447000000100144700000229200000444700000999292000006144600000200.14020.005932.5432.4732.5432.47198937300000399554000000.0250.00510.0162Rent, taxes & lighting3817400000Printing and stationery602500000Advertisement and publicity635100000Depreciation on bank's property (incl. impairment provision)2970000000Directors' fees, allowances and expenses26100000Auditor's fees and expenses17500000Law Charges397700000Postage, Telegrams, Telephones etc.887100000Repairs and maintenance4012700000Insurance & Other Expenditure32702100000Rent, taxes & lighting7344000000Printing and stationery1198200000Advertisement and publicity965600000Depreciation on bank's property (incl. impairment provision)5724500000Directors' fees, allowances and expenses49600000Auditor's fees and expenses34200000Law Charges767500000Postage, Telegrams, Telephones etc.1804100000Repairs and maintenance7731400000Insurance & Other Expenditure65051000000614460000012760558000008100419100000199440300000072088050000012097903000000533644500000195787400000286693750000075189984000004837490000093416030000012097903000000Notes: <BR> <BR> 1. Consolidated Statement of Assets and Liabilities of the group as on 30th September, 2022 is given below. <BR> (` in lacs) <BR> Particulars As on 30.09.2022 As on 31.03.2022 As on 30.09.2021 <BR> (Unaudited) (Audited) (Unaudited) <BR> CAPITAL AND LIABILITIES <BR> Capital 614,46 613,95 613,33 <BR> Employees' Stock Options Outstanding 300,69 150,77 82,31 <BR> Reserves and Surplus 1,27,605,58 1,17,495,94 1,08,900,67 <BR> Minority Interest 337,81 261,35 209,36 <BR> Deposits 8,10,041,91 8,20,914,16 7,35,710,14 <BR> Borrowings 1,99,440,30 1,99,778,16 1,70,151,67 <BR> Other Liabilities and Provisions 71,449,55 56,314,18 51,282,14 <BR> TOTAL 12,09,790,30 11,95,528,51 10,66,949,62 <BR> ASSETS <BR> Cash and Balances with Reserve Bank of India 53,364,45 94,034,51 81,932,86 <BR> Balances with Banks and Money at Call and Short Notice 19,578,74 18,309,00 16,213,89 <BR> Investments 2,86,693,75 2,74,608,13 2,49,208,79 <BR> Advances 7,51,899,84 7,25,125,50 6,35,253,61 <BR> Fixed Assets 4,837,49 4,679,12 4,374,10 <BR> Other Assets 93,126,79 78,483,01 79,677,13 <BR> Goodwill on Consolidation 289,24 289,24 289,24 <BR> TOTAL 12,09,790,30 11,95,528,51 10,66,949,62 <BR> <BR> Treasury55982600000Corporate/Wholesale Banking82910200000Retail Banking222626800000Other Banking Business8253700000Treasury104104900000Corporate/Wholesale Banking160062500000Retail Banking422539700000Other Banking Business15185000000369773300000701892100000117185300000222439500000252588000000479452600000Treasury13336800000Corporate/Wholesale Banking31658400000Retail Banking23913400000Other Banking Business6818800000Treasury23311900000Corporate/Wholesale Banking60670700000Retail Banking38364500000Other Banking Business1220850000075727400000134555600000000075727400000134555600000Treasury4235563400000Corporate/Wholesale Banking3228870100000Retail Banking4531108300000Other Banking Business18964800000120145066000008339640000012097903000000Treasury2298955400000Corporate/Wholesale Banking1855636400000Retail Banking6630703200000Other Banking Business1569900000107868649000002883770000010815702600000Notes: <BR> 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 the discussions of the DBU Working Group formed by Indian Banks’ Association (IBA) (which included representatives of banks and RBI) held in July 2022, reporting of Digital Banking as a separate sub-segment of Retail Banking segment will be undertaken based on the decision of the DBU Working Group. <BR> ii. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures. <BR> 1345556000000179888000002970100000000152650000000-584290000004337340000000000004337340000017792900000000030310800000-446237300000-29861910000000-29861910000000000000416000007388600000000000000-865680000000-9391500000000-939150000001284900000002828990000031668500000307140000000764500000-440060000000-4400600000-3969347000002931500000-3940032000001123435100000729431900000