AXIS/CO/CS/289/2021-22

15[th] September, 2021

Chief Manager, The Deputy General Manager, Listing & Compliance Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1[st] Floor, New Trading Ring, Plot No. C/1, “G” Block Rotunda Building Bandra-Kurla Complex P. J. Towers, ‘Dalal Street Fort, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: AXISBANK BSE Scrip Code : 532215

Dear Sir(s),

SUB.: DISCLOSURE UNDER REGULATION 30 READ WITH PARA A OF SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

Enclosed, please find the schedule of Analyst / Investor meeting / interactions held at Mumbai on 14[th] September, 2021, in terms of the captioned subject. Further, we also enclose herewith the presentation made at the said meeting.

The same is being uploaded on the website of the Bank www.axisbank.com

You are requested to take note of above and arrange to bring it to the notice of all concerned.

Thanking You.

Yours Sincerely,

For Axis Bank Limited GIRISH Digitally signed by GIRISH VASUDEVAN VASUDEVAN KOLIYOTE Date: 2021.09.15 KOLIYOTE 08:59:47 +05'30' Girish V. Koliyote Company Secretary

Encl: as above

AXIS BANK Legal &CS: Axis House, Wadia International Centre, Pandurang Budhkar marg, Worli, Mumbai 400 025 Registered Address: "Trishul" - 3rd Floor, Opp. Samartheswar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380006. Telephone No.: 079-26409322 Fax No.: 079-26409322 CIN : L65110GJ1993PLC020769 Website: www.axisbank.com

	Place: Mumbai
	Interactions held on 14th September 2021
Sr. No.	Institution Name
1	Infina Finance
2	Reliance General Insurance
3	Aviva India
4	White Oak Capital
5	Navi Asset Management
6	Bharti AXA
7	Bajaj Allianz Insurance
8	Axis Mutual Fund
9	AlfAccurate Advisors
10	SBI Mutual Fund
11	Pacific Paradigm
12	New Horizon
13	SAFE Enterprises
14	PNB MetLife
15	Indiabulls Asset Management
16	HDFC Mutual Fund

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Investor Presentation Quarterly Results Q1FY22

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NSE: AXISBANK

BSE: 532215

LSE (GDR): AXB

Axis Bank at a glance

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3 [rd] largest 4,600 80,250+ 5 [th] straight year
Axis Bank
Private Bank in India Branches Employees Constituent of FTSE 4Good EI ^
Traditional Banking Segment Digital Banking Segment
Market Share
5.1% 4.6% 5.7% 15% 14% 11%
Assets [#] Deposits [##] Advances [##] UPI ** Mobile ** CIF ^^
3.46% 2.05% 2.55%
Profitability
Net Interest Margin [1] Cost to Assets [1] Operating Profit Margin [1]
19.01% | 15.42% ` 124 Bn | 2.05% 70% | 1.20%
Balance Sheet CAR CET 1 *** Cumulative provisions PCR Net NPA
(standard + additional non-NPA)
15.1%
1 [st] 61% 90%
Axis Finance’s ROE
Key Subsidiaries Axis Capital’s position Growth in Axis Securities Growth in Axis AMC’s
with near zero
in ECM [$] PAT PAT
Restructuring
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domestic network including extension counters ^ EI – Emerging Index Series ** by volumes **CAR – Capital Adequacy ratio, including profit for Q1FY22

#Based on Mar-20 data ##Based on Mar-21 data $ As per Prime Database rankings for Equity Capital Market deals in Q1FY22 ^^CIF – Credit Cards in force as of May’21[1] For Q1FY22

Quarterly Results Q1 FY22

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Executive Summary
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Financial Highlights
Capital and Liquidity Position
Business Segment performance
Asset Quality
Future of Work and Sustainability
Subsidiaries’ Performance
Other important information
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Quarterly Results Q1 FY22

Major highlights of Q1FY22

Healthy CASA deposits growth, steady operating performance, resilient balance sheet

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	• Deposits on QAB basis grew by11%YOY and7%QOQ, Loan book grew by12%YOY and was flat sequentially • On QAB basis, SA grew 19%YOY and 7%QOQ, RTD deposits grew11%YOY and2%QOQ. • On QAB basis, CASA grew 19%YOY and 4%QOQ, CASA ratio stood at42%, up342 bpsYOY
Healthy growth in granular CASA deposits continues to aid loan growth


	• NII grew 11% YOY, NIM at3.46%, growing 6 bps YOY • Fee income grew62%YOY on a lower base of corresponding period. Retail fee grew76%YOY and contributed62% tooverall fees • PAT at`2,160crores, up 94% YOY
Steady operating performance


Well capitalized with adequate liquidity buffers	• Overall capital adequacy ratio (CAR)1 stood at19.01%with CET 1 ratio of15.42%as at the end of Jun’21 • Rs 5,012 crores of COVID provisions, not considered for CAR calculation provide cushion of 67 bps over the reported CAR • Average Liquidity Coverage Ratio (LCR) during Q1FY22 was115% • Excess SLR during Q1FY22 was`74,974crores


	• Retail loans grew14%YOY and were stable on sequential basis, ~80%of the book is secured. • Q1FY22 disbursements in Retail segment up over 3.3 times YOY, secured to unsecured disbursement mix returning to pre covid level of 79: 21 • SME loans grew 18%YOY led by tech driven transformation initiative ‘Sankalp’ • Corporate loans grew8%YOY and1.3%QOQ
Loan growth driven by all three business segments


	• Maintained strong position in Digital banking with15%market share in UPI transactions &14%in Mobile Banking for the quarter • 67%of SA accounts and60%of personal loans in Q1FY22 were sourced digitally • Bank continues to maintain early leadership in Cloud adoption amongst domestic financial services sector with ~50apps on Cloud
Continue to maintain strong position in Digital

	• GNPA at3.85%YoY declining 87 bps YoY and increase 15 bps QoQ • Healthy PCR at70% • SACR improved from 1.56% to2.05%YOY and Coverage ratio improved from 104% to118%YOY • Covid-19 restructuring implemented loans at0.33%of GCA, of which 33% is retail, 95% secured with low LTV in the range of ~ 40% - 60%, Overall provision coverage of23%on restructured book
Balance sheet buffers strengthened with high PCR and additional provisions

	• Domestic subsidiaries reported a total PAT ofRs 245crores in Q1FY22, up 98%YOY; Return on investments in subsidiaries at54% • Axis AMC’s PAT grew90%YOY,Axis Securities PAT grew61%YOY • Axis Finance ROE stood at15.1%, asset quality metrics remain stable with net NPA of1.8%, near zero restructuring • Axis Capital completed 19 Investment banking deals in Q1FY22, with Q1FY22 PAT up6times YOY
Key subsidiaries delivered strong performance, Max Life stake acquisition complete

including profit for Q1FY22 QAB: Quarterly Average Balance Coverage Ratio = Aggregate provisions (specific + standard + additional + Covid) / IRAC GNPA Standard Assets Coverage Ratio (SACR) = Standard asset provisions plus additional provisions plus Covid provision / Standard loans

*** Advances and deposits are after netting structured collateralised foreign currency loans. Further there has also been migration of certain loan accounts amongst segments in Q1FY22. Prior period numbers in the presentation have been regrouped as applicable for comparison.**

Quarterly Results Q1 FY22

Key metrics for Q1FY22

Snapshot (As on 30[th] June 2021)

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Absolute (Rs. Cr) YOY Growth
Q1FY22 YoY growth
Net Interest Income 7,760 11%
Fee Income 2,668 62%
Operating Expenses 4,932 32%
Operating Profit 6,416 10%
Net Profit 2,160 94%
Q1FY22 YOY Growth
Total Assets [1] 10,12,050 14%
Net Advances [1] 6,14,874 12%
Total Deposits ^ [1] 7,13,862 16%
Shareholders’ Funds 103,890 21%
Q1FY22 Q1FY21
Diluted EPS (Annualised in ) 28.19 15.79<br>Book Value per share (in) 339 305
ROA (Annualised) 0.86% 0.48%
ROE (Annualised) 9.11% 5.74%
Gross NPA Ratio 3.85% 4.72%
Net NPA Ratio 1.20% 1.23%
Basel III Tier I CAR 16.48% 14.62%
Basel III Total CAR 19.01% 17.47%
Loss
Profit &
Sheet
Balance
Key Ratios
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Deposits [#] 11% YOY
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83%
CASA + RTD [#]
15% YOY (QAB [#] )
16% YOY (End Balance)
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QAB – Quarterly Average Balance

Core Operating Profit (in ₹ Crores)

13% YOY

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5,222 5,896
Q1FY21 Q1FY22
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Advances 12% YOY

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36%
54%
10%
Retail SME Corporate
14% YOY 18% YOY 8% YOY
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Profit After Tax (in ₹ Crores)

94% YOY

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2,160
1,112
Q1FY21 Q1FY22
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^ period end balances * including profit for the quarter

1. Advances and deposits are after netting structured collateralised foreign currency loans. Further there has also been migration of certain loan accounts amongst segments in Q1FY22. Prior period numbers in the presentation have been regrouped as applicable for comparison.

Quarterly Results Q1 FY22

5 5

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Executive Summary
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Financial Highlights
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Capital and Liquidity Position
Business Segment performance
Asset Quality
Future of Work and Sustainability
Subsidiaries’ Performance
Other important information
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Quarterly Results Q1 FY22

Steady growth in granular deposits continue to drive loan growth

Deposits (QAB)[^]

Loans

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All figures in ₹ Billion

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6,858 11% YOY
6,427
6,156 6,051 6,048
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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6,144 6,149 12% YOY
5,646
5,488 5,699
6% 7% 40% YOY
6% 6% 6%
10% YOY
94% 94% 94% 94% 93%
Jun-20 Sep-20 Dec-20 Mar-21 8%Jun-21
Domestic Overseas
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Deposit mix (QAB)[^]

Granular deposits comprising of CA, SA and RTD grew by 15% YOY

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6,427 6,858 11% YOY
6,156 6,051 6,048
13%
12% 13% 13% 14% 17% YOY
29% 29%
27% 28% 30% 19% YOY
11% YOY
41% 43% 43% 43% 41%
20% 16% 14% 14% 17% 3% YOY
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Segment loan mix

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12% YOY
6,144 6,149
5,488 5,646 5,699
8% YOY
2,222 2,251
2,124 2,032 (36%)
2,090
609 585 18% YOY
496 531 565 (10%)
3,102
3,313 3,312
2,902 2,991
14% YOY
(54%)
Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Retail SME Corporate
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Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
NRTD RTD SA CA Total
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^ Quarterly Average Balance

Quarterly Results Q1 FY22

Progress on building a stable low cost deposit franchise on track, with healthy growth in CASA

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Savings account balances^

Current account balances^

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All figures in ₹ Billion
18% 18% 17%
15%
8%
10%
3% 4% -0.4%
0.2%
878 875
745 767 800
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
QoQ YoY
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19%
17%
15% 15% 14%
5% 6% 7%
4%
2%
2,016
1,889
1,692 1,726 1,788
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
QoQ YoY
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Retail term deposits^

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7%
3% 0.4% 5% 2%
2,732 2,786
2,505 2,586 2,598
(67%) (73%) (75%) (75%) (70%)
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
QoQ
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**(CASA + RTD*) ratio^ & cost of deposits**

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4.73%
4.37%
4.09% 3.90% 3.78%
84% 86% 86% 83%
80%
43% 43% 43% 41%
41%
39% 41% 43% 43% 42%
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
CASA% RTD% . Cost of Deposits
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Retail Term Deposits ^ Based on Quarterly Average Balance

Quarterly Results Q1 FY22

Figures in brackets refer to proportion of overall Term Deposits

Operating performance has been steady

Operating revenue

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12,223
11,133 11,149 11,348 19% YOY
9,572
3,807 3,776 4,668 3,588 39% YOY
2,587
6,985 7,326 7,373 7,555 7,760 11% YOY
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Net Interest Income Non-Interest Income
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Core Operating profit

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6,092 6,080
5,754 5,896
13% YOY
5,222
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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All figures in ₹ Crores

Operating Expense

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2.00% 1.97% 1.96% 1.96% 2.05%
5,359
5,054 4,932
4,235
3,728
3,376 3,691 3,081
2,822
2,322
1,406 1,413 1,678 1,668 1,852
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Staff cost Non-staff cost Opex to Assets annualized
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Profit after tax

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2,677 94% YOY
2,160
1,683
1,112 1,117
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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Quarterly Results Q1 FY22

Net interest margin

Advances mix by rate type

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28%
MCLR Duration Split
(Jun-21)
4%
5%
1M
29% 2% 3M, 4%
6M, 11%
12M, 17%
34%
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Cost of Funds

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5.62%
5.42%
5.20%
4.93%
4.60%
4.30%
4.10%
3.97%
Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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MCLR linked Fixed Foreign currency- floating Base Rate linked Repo linked

Net interest Margin (NIM)

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3.71% 3.72% 3.71%
3.58% 3.57%
3.58% 3.59% 3.56%
3.46%
3.40%
NIM includes interest on
income tax refund of 8 bps
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
NIM - Overall NIM - Domestic
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NIM Movement - Q4 FY21 to Q1 FY22
Favourable Unfavourable
0.05%
3.56%
0.05%
3.46%
NIM Q4 FY21 Interest Reversal Spread / Product NIM Q1 FY22
Mix
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Quarterly Results Q1 FY22

We continue to focus on building granularity in fees

All figures in ₹ Crores

Retail Banking fees

Retail fee mix

Retail fee during Q1FY21 was impacted by lower loan disbursements, lower card issuance related fees and interchange income, and service charge waivers pursuant to regulations

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disbursements, lower card issuance related fees and interchange 36% 35%
income, and service charge waivers pursuant to regulations 32% 30% 28%
76% YoY 23% 24% 25%
2,164 18%^ 19% 19%
1,712 1,856 1,660 11%
940
TPP Retail card Retail Assets excl Cards Others
Q1FY21 Q4FY21 Q1FY22
• 39% YOY growth in Third Party products (TPP) distribution fees; of which insurance
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
distribution fees grew 34% YOY
57% 62% 64% 64% 62%
• 72% YOY growth in Retail Card fees reflecting pick up in card spends
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Corporate & Commercial Banking fee

Corporate & commercial banking fee mix

Trade and Financial Institutional payments related fee form part of Transaction Banking

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1,212 42% YoY
1,040 1,050
1,008
711
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22

43% 38% 36% 36% 38%
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79%
72%
67%
24% 26%
16%
9% 2% 5%
Transaction Banking ^ Credit Treasury
Q1FY21 Q4FY21 Q1FY22
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108% YOY growth in CA and Cash management services fee within transaction banking
62% YOY growth in Trade related and Financial Institutions payments fees

^ including Forex, Trade and FI payments

35% YOY growth in forex fees
Figures in % represent share of segment contribution to total fees

Quarterly Results Q1 FY22

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Executive Summary
Financial Highlights
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Capital and Liquidity Position
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Business Segment performance
Asset Quality
Future of Work and Sustainability
Subsidiaries’ Performance
Other important information
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Quarterly Results Q1 FY22

Strong capital position with adequate liquidity

Bank’s Capital Adequacy Ratio

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Bank raised ₹10,000 crores
of equity capital in Aug’20
19.12% 19.01%
17.53%
15.84% 3.72% 3.59%
4.19%
4.57% 15.40% 15.42%
13.34%
11.27%
Mar 19 Mar-20 Mar-21 Jun-21
CET 1 CAR (AT1 + Tier 2) CAR
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RWA to Total Assets

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69%
67%
64% 64%
Mar-19 Mar-20 Mar-21 Jun-21
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Liquidity Coverage Ratio (consolidated)

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140%
130%
120%
117%
120% 115% 115%
112%
110% 106%
100%
90%
80%
70%
60%
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Bank's LCR (consolidated)
Regulatory minimum LCR
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The Bank holds excess SLR of `74,974 crores
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Includes effect of one-off item impacting around 1%

Quarterly Results Q1 FY22

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Executive Summary
Financial Highlights
Capital and Liquidity Position
Business Segment performance
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Asset Quality
Future of Work and Sustainability
Subsidiaries’ Performance
Other important information
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Quarterly Results Q1 FY22

Retail Banking

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4 [th] ` 2.3 Tn
~25.7 Mn
Largest issuer of AUM in wealth
SA customers
Credit Cards ** management
83% 73% 54%
CASA + RTD ratio Sourcing from ETB Share of
(QAB) customers Advances [#]
19% 14% 62%
Growth in SA Growth in Share in total fee^
QAB deposits advances
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*for Retail Assets in Q1FY22 from Existing to Bank (ETB) customers # share in Bank’s total advances, ^ share in Bank’s total fee for Q1FY22 ** Based on May-21 data

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Healthy growth in SA deposits led by deepening and premiumisation strategy

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Created liability sales vertical in FY20 to have greater outreach and sharper focus on quality of NTB* acquisitions; Branch channel continued
• its focus on deepening ETB* relationships
Premiumisation strategy focuses on improving account quality of overall balances while increasing contribution from premium[#] segments

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Customer segmentation^
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Higher customer engagement led to broad base growth from ETB relationships Focus on Premium lea ing to higher share in ETB SA book

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Private
Burgundy
Priority
Prestige
Prime
Easy
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Strong traction in SA deposits continues …

	YOY	QOQ
Retail SA	18%	5%
Govt SA	25%	18%
Overall SA	19%	7%

Share of ETB Balances

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35.1% 35.6% Premium
ETB SA
Q1FY21 Q1FY22
ETB balances relative to Jun closing of previous fiscal
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Premium segment share in the ETB Savings portfolio increased by ~ 50 bps YoY as of Jun’21

We continue to see improvement in number of NTB acquisitions

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Premium segment (in nos) Retail Savings ^^ (in nos)
(Indexed) (Indexed)
243
225
188 190
100 100
Q1FY21 Q2FY21 Q1FY22 Q1FY21 Q2FY21 Q1FY22
^^Retail non institutional savings
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ETB – Existing to Bank; NTB – New to Bank
Premium includes Burgundy Private, Burgundy, Priority and Prestige and NRI segments

Quarterly Results Q1 FY22

^ Not to scale, Area doesn’t represent the actual proportion of deposits

Deep Geo strategy has been scaling up well

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Drive higher business growth and increase market share in Rural and Semi Urban markets through asset led liability strategy

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Holistic banking opportunities in RuSu markets to complement the Bank’s overall growth strategy meaningfully

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Distribution network
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2065
1577
387
Mar-20 Mar-21 Jun-21
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Significantly expanded Deep Geo coverage in last 2 years from 387 branches to 2,065 branches

Bank has entered into an alliance with Common Service Centre (CSC).

Such outlets will be leveraged for asset and liability business of the Bank and 14,025 of such outlets have been identified till date.

Key products and growth

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Focus has been on secured lending, deepening deposit base and drive fee growth

Key Assets

Farmer Funding
Gold Loans
Small Business Banking
Home loans
Auto Loans
✓ 82% are Secured loans

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We have seen steady progress on growth metrics during Jun’20 to Jun’21 period

Deposits : 19% YOY growth
Disbursements : 211% YOY growth

Weekly focused drives

Weekly region specific and focused product drives like “Mortgage Carnival”, “Wheels Dhamaka”, “PL Festive Delights”, “Power Gold Loans”, “Farmer Funding Days” received strong response and contributed to strong growth in disbursements.

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Quarterly Results Q1 FY22

Village level entrepreneurs

Rs 3 trillion Retail loan book is well diversified and ~80% secured with significantly high proportion of ETB and salaried customers

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Retail book

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(in ₹ Billion)
3,313 3,312
3,102
2,991
2,902
Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
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14% YOY
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~ 80% of our retail book is secured Disbursement trends in secured loans

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4% 7% 87% 84% 82% 83% 79%
72%
6%
171
37%
10%
115
100
88 84
12%
12% 12% 28
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Home loans Rural lending Auto loans PL
LAP SBB CC Others
Indexed to 100 as % of overall disbursements
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ETB mix in retail portfolio

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92%
81% 79%
62% 58%
52%
Credit Personal LAP Auto HL SBB
Card Loan
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100% of PL and 69% of Credit Cards portfolio is to salaried segment

Average LTVs:

52% in overall home loan portfolio

36% in LAP portfolio

Sourcing:

50% contribution from Branches to overall Retail book sourcing

Quarterly Results Q1 FY22

We are the 4th largest issuer of Credit Cards in the country

Featured Cards

Credit Cards in force (mn)

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12.1% 11.9% 11.7% 11.5% 11.4% 11.4%
7.0 6.8 6.9 6.9 7.1 7.2
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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Co-branded Cards

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Key insights

Premium Cards

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Cards sourced through KTB partnerships in Q1FY22 as we continue to 18% invest in partnership business with leading brands so as to be at the forefront of digital innovation.

Cards sourced digitally through straight through applications as 74% compared to 50% in Q4FY20

Continued focus to increase sourcing and deepen spends from the Affluent segment, through Online spends campaign in Q1FY22

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Axis Bank Aura Credit Card

of the customers;

Industry first affordable offering of various benefits which give cardholders access to 48 free video doctor consultations and free

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Flipkart Axis Bank Credit Card

One of the fastest growing co-brand portfolio with 1.2 million CIF within 2 years of its launch
Co-branded card partnership in collaboration with Flipkart; it has one of the best in class spends and engagement metrics

Source: RBI Data Reports

Quarterly Results Q1 FY22

• Note: Figures in boxes represent market share for the period Q1FY22, market share is as of month of May’21

Trends in Card spends

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‘GRAB DEALS’ our Shopping platform which is gaining popularity recently, hosted a 10 day event called "Grab Deals Fest’ starting 25[th] June where we offered excusive deals to our Debit and Credit card customers. This was the first of many campaigns which the customers can look forward to during the year on ‘GRAB DEALS’
7x growth in visits 27x in terms of Gross Merchandise Value

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Credit Card market share and spends
18,322
15,838 16,967 14,785
12,106
8,055
84 % YoY
10.1%
Total spends
8.4% 8.2% 8.3% 8.6% 8.0%
3.5%
1.3% 1.2% 1.4% 1.8%
1.6% 147% YoY
Comm spends
6.6% 7.1% 7.0% 6.9% 6.8% 6.4%
72% YoY
Retail spends
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Retail CC spends Commercial CC spends
Share of non- discretionary spends increased from 48% in Mar’21 to 57% in May’21
Jun’21 spends recovered 20% MoM, we are seeing a further recovery in July
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Share of non- discretionary spends increased from 48% in Mar’21 to 57% in May’21
Jun’21 spends recovered 20% MoM, we are seeing a further recovery in July

Debit Card spends

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All figures In ₹ Cr
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13,907
13,334
40 % YoY
12,056
11,071
10,431
7,492
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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Debit Card spends in Q1FY22 dipped due to country wide lockdown and drop in discretionary spends - Non-Discretionary spends have increased to 60% in Q1FY22 from an average of 50% in previous quarter;
Online spends share has moved up to 45% in Q1FY22 compared to 38% in Q4FY21, early July trends showing a recovery in spends

Quarterly Results Q1 FY22

*Market share based on RBI reported data for 2M FY22

We continue to grow Acquiring through innovations and integrated approach

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Throughput trend & market share

Innovations in Acquiring

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(In ₹ thousand cro res)
Jun’20 Sep’20 Dec’20 Mar’21 May’21
10.8% 12.0% 13.5% 13.4% 14.2%
51.8 51.9
45.6
34.9
22.4
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Market share source for the month in %: RBI data
Available till May’21
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Android PoS : State-of-the-Art terminal loaded with VAS such as Khaata & BQR.

33% contribution to sourcing in Q1FY22.
33% higher activity and ticket size of transactions witnessed than other terminals
Buy Now Pay Later : Valued added service that offers cardless EMI facitlity allowing faster processing of high value transactions
CX Index: Captures merchants’ experience around On-boarding, Usage & Service. Helps provide direction for future course of actions to bring further stability to the business

Expansion strategy

Key insights

Both Throughput and installations continue to grow YoY.
Focused approach on providing newer services to the merchants, understanding their experiences & improving on them, rebuilding on merchant relationships
Acquiring strategy is aligned to CA growth with very good success observed in our CA balance growth
Accelerated Sourcing:

Sourced 0.53 Lakh+ terminals in Q1FY22 to reach 6.75 lakh terminals as of Jun’21

Leveraging “Partnership Ecosystems” to get more merchants into the Digital Payments foray
Investment in Digital Infrastructure to “take the Bank to the Merchant”. Offering a bouquet of Banking products along with a payment solution.

Quarterly Results Q1 FY22

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The Bank is a leading player in India’s Wealth Management space

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Overall Burgundy Performance (Mar’17 -Jun’21)
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AUM [^] 28.7%
Customer Base 20.6%
Touchpoints [~] 8.5%
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•
•
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Overall AUM ₹ 2,30,873 Crores
Burgundy Private AUM ₹ 63,372 Crores
CAGR growth for Mar-17 to Jun-21 period ~ includes RMs, Wealth Specialist team, Managing partners and Investment Advisors

All figures In ₹ Cr

Burgundy Private Client Base

Burgundy Private 3-in-1 Cards

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Burgundy AUM has grown steadily
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2,093
1,607
1,510
1,666 1,286
1,415 1,110
1,225
857
986
Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
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2,30,873
2,13,085
1,47,002
1,32,702
1,23,298
Mar-18 Mar-19 Mar-20 Mar-21 Jun-21
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Burgundy Private was launched on 2[nd] December, 2019

Quarterly Results Q1 FY22

We have a strong and well diversified distribution network

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Domestic branch network Branch presence across categories Axis Virtual Centre
4,528 4,594 4,600
16%
4,050
30%
3 mn
6
Customer
Centers
connect ^
31% 1500
Virtual RMs
23%
Mar-19 Mar-20 Mar-21 Jun-21
Includes extension counters Metro Urban Semi-Urban Rural
• We are connecting with more than 3 million
customers every month through this channel.
• Calibrated approach towards new branch additions across focused segments and regions
• AVC manages relationship with our existing
• customers under affluent and other programs
Aligned to our Deep Geo strategy , specific RuSu branches follow an asset-led liability model
• Dedicated Asset Desk Managers for fulfilment of all loan leads at select branches • AVC expanded to three new centres across
Mumbai, Ahmedabad and Kolkata during FY21 and
• Select Platinum branches to cater to SBB customer base is now present across West, South, North and East
with six centres
^ Customers contacted every month
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AVC manages relationship with our existing customers under affluent and other programs
AVC expanded to three new centres across Mumbai, Ahmedabad and Kolkata during FY21 and is now present across West, South, North and East with six centres

^ Customers contacted every month

Quarterly Results Q1 FY22

Corporate & Commercial Banking

36% YoY growth in Mid Corporate book

8% 18% YOY growth in YoY growth in corporate advances CBG advances_ 36% 85%* _Share of short Share of corporate term loans to overall advances to clients corporate loans rated A-and above

36% 85% 94% Share of short Share of corporate Incremental sanctions term loans to overall advances to clients to A-and above corporate loans rated A-and above_ 17% 1[st] 9%** _YOY growth in CA Rank in DCM[~] Market share in GST (QAB) deposits for rupee bonds payments (Q1FY22)

Commercial Banking Group[~] Debt Capital markets ** in corporate segment for Q1FY22

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Strong relationship led franchise driving synergies across One Axis entities

We have re-oriented the organisation structure in Corporate & Commercial Banking for delivering execution excellence

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Segregated the responsibilities of coverage and product groups to ensure sharper focus
Corporate & Commercial Bank coverage reorganized into 8 coverage groups, each with a stated objective
Strengthened the leadership team across Mid Corporate, MNC, Government Coverage, Transaction Banking and Forex Sales

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‘One stop shop’ for Banking needs of Indian Corporates
Strategic Client Group Transaction Banking
1 • Cash Management
• Trade & Supply Chain
Large Corporate • Letter of Credit/ Bank Guarantee
• Bill/ Invoice Discounting
• Current Accounts Axis Trustee
2 •
Government Coverage Correspondent Banking
• Custodial Services
Full Service
Multi-national Loan & Deposits
Corporate & • Working Capital / Term Loans
Commercial • A.Treds
Wholesale Deposits
Mid Corporate Bank
3 Treasury, Capital Markets & Investment Banking
• Debt Capital Markets (DCM)
Commercial Banking • Equity Capital Markets (ECM) Axis Capital
• M&A & Advisory
Financial Institution • Forex & Derivative Solutions
Group 4 Linkage to Retail Bank
• Wealth Management – Burgundy / Burgundy Private Axis Finance
Structured Assets • Salary Accounts of employees Axis MF
Reliable Partner Throughout the Business Life Cycle
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We continue to have penetration of 9 or more products and services across our top corporate relationships including at least two services offered by our subsidiaries

Quarterly Results Q1 FY22

…with better rated originations and focussed on short term loans

All figures in ₹ Crores

Incremental sanctions to corporates rated A- & above

85% of the book is rated A- or better

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65% of sanctions
were to those rated
AA- & above
95% 95% 94% 94%
FY19 FY20 FY21 Q1FY22
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18% 17% 15% 15%
82% 83% 85% 85%
Mar-19 Mar-20 Mar-21 Jun-21
A- or better BBB and below
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YOY QOQ
Corporate Loans
8% 1%
2,22,164 2,25,095
2,08,998
32,287 38,455 32% 19%
29,152
1,79,846 1,89,878 1,86,640 4% 2%
Jun-20 Mar-21 Jun-21
Overseas Domestic
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Corporate loan book mix (tenure based)

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63% 62% 62% 64%
37% 38% 38% 36%
Mar-19 Mar-20 Mar-21 Jun-21
Short term loan Long term loan
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Quarterly Results Q1 FY 22

Short term refers to loans of less than 1 yr tenure; Long term refers to loans of greater than 1 yr tenure

Overseas corporate loan book is 95% India linked

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The Bank’s International strategy is to focus on Indian corporates that have global operations
We have consolidated our overseas business through branches in Dubai, Singapore and Gift City, India
Gift City IBU[1] has grown strongly as we continue to expand our trade finance business and leverage our leadership in treasury

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... the funding is primarily for Indian
Overseas loan contribution driven by
We have the largest IBU in GIFT City
conglomerates and PSU entities
Gift City IBU
14% 15% 17%
95% India linked $ 3.65 bn asset book size
92% rated A and above ~3x YOY growth in Trade Finance book in Q1FY22
86% 85% 83%
50% constituted by top 10 conglomerates Leadership position in treasury segment – with
highest share of Non Deliverable Forwards (NDFs)
trading volumes among all IBUs
2.2 yrs average tenor of the book
Jun-20 Mar-21 Jun-21
Well balanced in term and working capital loan mix
Domestic Overseas
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~3x YOY growth in Trade Finance book in Q1FY22

Leadership position in treasury segment – with highest share of Non Deliverable Forwards (NDFs) trading volumes among all IBUs

Quarterly Results Q1 FY 22

Based on standard book only

1 International Business Unit

We have strengthened our proposition as a Transaction Bank

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Current Account Greenwich Service Excellence 2021
17% YoY growth in Current Account quarterly 1 for Large Corporates and Middle Markets – Knowledge
average Balances (Q1FY22) of Transaction Banking needs
Foreign LC Market Share Digital Adoption
Market share moved from
71% Current Account customers
7.6% (Q1FY21) to 9.7% (Q1FY22)
registered for CIB/RIB/MB
Forex Turnover Market Share Bharat Bill Payment System
Market Share moved from Ranked 1 [s] [t] in Addition of number of Billers to
3.2% (Jun’20) to 3.5% (May’21) BBPS Ecosystem.
GST Payment Market Share NEFT Payment Market Share
Market Share maintained at Market Share maintained at
9% (Q1FY22) Vs 9% (Q1FY21) 9.7% (Q1FY22) Vs 9.7% (Q1FY21)
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Source: Foreign LC – SWIFT Watch GST Payment – Ministry of Finance

NEFT Payment – RBI Report Forex Turnover – RBI Report

Quarterly Results Q1 FY 22

We remain well placed to benefit from a vibrant Corporate Bond market

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All figures in ₹ Crores

Placement & Syndication of Debt Issues

Movement in corporate bonds

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Market share and Rank
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Amount mobilized / arranged^ Market share and Rank
2 [nd] 1 [st]
38,061
17,733
25.9%
23.4%
Q1FY21 Q1FY22 Q1FY21 Q1FY22
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36,915
34,904
33,071
32,190
31,183
18%
16% 16% 16%
14%
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
% to Corporate Loans
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Ranked No. 1 arranger for rupee denominated bonds as per Bloomberg league table for CY20
Leveraging our leadership position in Debt capital markets, we had mobilized ~ ` 18,071 crores through active participation in the TLTRO auctions

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Ranked No. 1 arranger for rupee denominated bonds as per Bloomberg for 14 consecutive calendar years since 2007

We have invested funds in marquee names (non FI, non PSU) thereby helping to build some new client relationships in wholesale segment .
We have limited our investments under this book to AAA/AA rated corporate
issuers

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Bank has been awarded as the Best DCM House at the Finance Asia Country Awards, 2021

Quarterly Results Q1 FY22

^ Only includes the proportion of amount arranged by Axis Bank *As per Bloomberg League Table for India Bonds

All figures in ` Crores

Industry-wise Distribution (Top 10)

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Rank	Outstanding1 as on 30th Jun’21 Sectors	Advances	Investments	Non-fund based	Total	Total
					Value	(in % terms)
1.	Financial Companies2	58,271	20,045	22,110	100,426	13.12%
2.	Engineering & Electronics	11,933	2,041	26,988	40,962	5.35%
3.	Infrastructure Construction3	22,510	1,977	10,450	34,937	4.56%
4.	Petroleum & Petroleum Products	9,606	4,252	12,670	26,528	3.46%
5.	Power Generation & Distribution	19,102	922	4,597	24,622	3.22%
6.	Trade	16,442	500	3,600	20,542	2.68%
7.	Food Processing	15,615	362	2,756	18,733	2.45%
8.	Iron & Steel	12,119	1,003	4,858	17,980	2.35%
9.	Telecommunication Services	12,464	769	4,682	17,914	2.34%
10.	Real Estate4	16,675	138	749	17,563	2.29%

1 Figures stated represent only standard outstanding (advances, investments and non fund based) across all segments

2 Includes Banks (28%), Non Banking Financial Companies (31%), Housing Finance Companies (21%), MFIs (4%) and others (16%)

3 Financing of projects (roads, ports, airports, etc.)

4 Lease Rental Discounting (LRD) outstanding stood at `10,538 crores

Quarterly Results Q1 FY22

Business Performance Commercial Banking

Commercial Banking business benefitting from technology led transformation

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One of the most profitable segments of the Bank with high PSL coverage
Data driven credit decisions, minimal documentation, simplified products and digitized operations aiding higher business growth

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CBG Current Account CBG Advances
Balances (QAB)
Indexed to 100
18% YOY
118 120 60,932 58,537
Private
49,670
100
Q1FY21 Q4FY21 Q1FY22 Q1FY21 Q4FY21 Q1FY22
19% of Burgundy & Burgundy Private accounts were 78% of loans were PSL compliant
sourced through CBG
Number of new asset 86% of book is rated SME3 or better
NTB accounts opened
Indexed to 100
139 15% 14% 14%
100
85% 86% 86%
Q1FY21 Q1FY22
Mar-20 Mar-21 Jun-21
SME-3 or better Others
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Higher customer engagement led to broad base growth from ETB relationships Project Sankalp - Delivering Customer First & One Ax s

Customer 360 view coupled with customer tiers and effective meeting rhythm based on analytics to fulfil needs vs. selling products
Enhanced synergy with Branch Banking equipped with automated dashboards for better lead management

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Reduction in docs required

60%+

30 mins

for pre-screening vs 1 day

Increase in Asset productivity of RM (no of new NTB NOAs opened / month)

Quarterly Results Q1 FY22

SME lending book is well diversified, 96% of SME book is secured and predominantly working capital financing

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Well diversified Geographical mix
17% 16%
9%
18%
10%
11%
19%
West 1 West 2 South 1
South 2 North 1 North 2
East & Others
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Book by Loan size
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Well diversified Sectoral mix
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16% 15%
2%
4% 9%
4%
4%
9%
4%
4%
8%
5%
8% 8%
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23%
30%
26% 21%
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Less than 5 Cr 5 cr to 10 cr 10 cr to 25 cr More than 25 cr

Less than 5 Cr 10 cr to 25 cr	5 cr to 10 cr More than 25 cr	West 1 South 2 East & Others	West 2 North 1	South 1 North 2		Trade Retail & Wholesale Food & Beverages Textiles CRE Industrials Drugs & Pharmaceuticals Iron & Steel-Manufacturing		Services & Others Engineering Basic Materials Others Other Metal & Metal Products Chemicals & Fertilisers Trade Others Others

SME book mix (by type)

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6% 4%
94% 96%
Jun-20 Jun-21
Secured Unsecured
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SME book mix (by tenure)

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25%
33%
75%
67%
Jun-20 Jun-21
Short term loan Long term loan
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Incremental sanctions to SME rated SME3 & above

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84% 84% 88%
FY20 FY21 Q1FY22
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Working Capital Utilization rates down 200 bps YOY

Quarterly Results Q1 FY22

Digital Banking – Axis Bank’s “silent revolution”

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84% ~74% 67% 69% 60% 57% 4.6 Digitally active Credit cards New SA Fixed deposits PL disbursed New MF SIP Mobile App customers(Q1FY22) issued (Q1FY22) acquisition* opened sales (Q1FY22) ratings D2C products 250+ 15% 14% 90% ~975 300+ 65,000+ Services on Market share in Market share in Digital Automated Employee tool Staff on BYOD[~] digital channels UPI (Q1FY22)[#] mobile (2MFY22^) transactions^^ processes (IA) Journeys Transformation ~850 ~150 ~75% PB 120% ~50 Agile People In-house New hires from Scale big data Lift of bank Apps on Cloud Enabled teams dedicated to development non-banking Hadoop credit model with CI/CD, Capabilities digital agenda team backgrounds clusters GINI scores micro-services architecture over bureau

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Top 3

Digital tablet based account opening process for Q1FY22 ^RBI data for 2MFY22 by volume

** digitally in Q1 FY22[#] by volume

^^Based on all financial transactions by individual customers in Q1FY22

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OPEN approach across the Bank for our bouquet of digital products

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Deposits
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Investments & Insurance

Loans & Cards

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0-based redesign; customer centric, design led and 0-operations

Proprietary in-house capabilities

Ecosystems capable ; built for all Axis and partner channels

Numbers, Numbers, Numbers : Impact led and metrics driven

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Saving Accounts Current Accounts

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Fixed Deposit

PPF

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Mutual Funds General Insurance

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Forex card Life Insurance

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Personal loan Credit cards

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GST based Auto loans business loans

Quarterly Results Q1 FY22

Building a Strong Digital Suite for Retail Forex Business

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Servicing the Forex needs of our retail customers, through ‘frictionless-digitized’ transactions

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1
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Launched Outward Remittance on Mobile App

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A simple 2 step intuitive customer journey with 24/7 enablement for anytime anywhere payment processing
An omni-channel experience with syncing of beneficiaries and transaction history seamlessly between Internet Banking & Mobile Banking
Preferential pricing for customers on Digital
34% contribution of Digital transactions in Q1FY22, up from 24% in FY21

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2
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Launched Forex Card Digital Issuance Platform

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Omni-channel platform available across Web, Mobile & Branch
Simple 3 step process to avail Forex Card
Pre-filled information and minimized data ask, making it a quick and easy process
Preferential pricing for customers on Digital
27% of all new issuances through the digital platform for retail purposes in Q1FY22

Quarterly Results Q1 FY 22

We are investing heavily in building capabilities

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Building the right talent

2 Enabling the team through technology

~ 850 people dedicated to digital agenda
- Fully cloud ready: new customer facing applications as cloud native
~75% new hires from non-banking background
~150 member full service inhouse team:
Design • Dev-ops
• Product managers • QA • Developers: Front-end, back• Scrum masters end, full stack • Digital marketers
CI-CD pipeline in place; using new age tools such as Jira, Confluence, Bitbucket, Jfrog etc
Deployment in Kubernetes clusters for scale
Modular micro-services based architecture

Establishing agile processes

4 Setting the right data infrastructure

Agile operating model established
Big data clusters developed on Hadoop with PetaByte scale data
Cross-functional teams as end-end owners
Operating rhythms across daily huddles, development in sprints, insprint automated user testing setup
Dev-ops infrastructure set up. Info-sec checks integrated into development lifecycle
150+ use cases deployed across credit, fraud, marketing analytics on cloud decisioning platform
Multiple machine learning based credit models developed; 2000 attributes considered; up to 120% lift on GINI over generic bureau models

Quarterly Results Q1 FY22

We continue to have strong market share in Mobile Banking

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Axis Mobile is amongst the highest ranked Banking app on Apple Store (rating of 4.6) & Google Play Store (4.5) and offers 250+ DIY services

Mobile Transactions Market Share by Volumes

Axis Bank Mobile Banking Spends (in Cr) and Volumes (in Mn)

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17% 17%
16%
15%
14%
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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4,76,612
Mobile banking spends (in ` Cr) 156% YOY
3,67,649
3,05,808
2,33,888
1,43,583 94% YOY
1,271
1,171 1,166
967
654
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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56% of Mobile Banking customers bank only on Mobile App with Mobile Banking logins at 15.75 of Internet banking logins

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Axis Aha! answered 5.66 million messages in Q1FY22
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Quarterly Results Q1 FY 22

Source: RBI data (for the period), * For 2MFY22 period

Axis Bank – Pioneer in the UPI Ecosystem

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Powering all major UPI TPAPs – Google Pay, PhonePe, Amazon, Whatsapp Processing nearly 400 million+ monthly transactions as Payer PSP

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Acquiring more than 6 million daily transactions for our merchants More than 9 lakh merchants transacting per day on our stack Among the lowest Technical Declines among peer banks Easy to plug SDK, Intent, Collect & Pay API’s offered to partners Pioneer in launching new initiatives like AutoPay & ODR Robust bandwidth & connectivity with NPCI Dedicated 24 x 7 tech support team

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A world of features offered on Axis UPI

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Money Transfers to
Friends & Family
Shopping & Merchant
Payments Online
Instant Cashbacks &
Refunds Online
Recurring/AutoPay
Payments
IPO Investments/ PAN Validation
QR Based Payments (via UPI)
Quarterly Results Q1 FY22 39
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UPI has scaled up tremendously to become a key channel for customer transactions

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We have developed best-in-class UPI stack that enables us to offer cutting edge customized solutions across SDK, Intent, Collect and Pay offerings apart from new use cases like UPI AutoPay

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Dedicated IT cloud infrastructure to exclusively handle high volume UPI transactions has resulted in Axis Bank achieving one of the lowest decline rates as a remitter when compared to peer banks

Strong customer base and partnerships

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UPI transaction value and volumes
(as Payer PSP)
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1,209
229 mn 1,109 80% YOY
1,052
996
Cumulative VPA base
196% YOY
672
Marque partnerships across the PSP and 1,96,020
acquiring side
1,63,779
1,45,571
1,04,611
66,160
and many others.. Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Quarterly transaction value (in `Cr)
A user registering VPA once in Axis Pay and once in Google Pay is
Quarterly transaction volume (in mn)
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** A user registering VPA once in Axis Pay and once in Google Pay is counted as 2

UPI P2M Throughput (INR cr)

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395% YOY
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51,356
44,009
36,664
20,588
10,393
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
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The Bank maintained its strong positioning in the UPI space with a market share of 15% as Payer PSP (by volume) and 19% in UPI P2M Acquiring (by throughput) in Q1FY22

Quarterly Results Q1 FY22

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Executive Summary
Financial Highlights
Capital and Liquidity Position
Business Segment performance
Asset Quality
Future of Work and Sustainability
Subsidiaries’ Performance
Other important information
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Quarterly Results Q1 FY22

Asset quality metrics stable, healthy provision cover, slippages elevated due to Covid restrictions

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GNPA & NNPA

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4.72%
4.55%
4.28%
3.85%
3.70%
1.23% 1.19% 1.20%
1.03% 1.05%
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
GNPA NNPA
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GNPA 3.85% & NNPA 1.20%

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Retail SME Corporate Total
54%^ 73%^ 79%^ 70%^
5.3%
2.6% 4.0%
3.9%
1.2%
1.2% 1.2%
1.1%
GNPA NNPA GNPA NNPA GNPA NNPA GNPA NNPA
^ Provision Coverage Ratio without technical write-offs
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Slippages (Annualised) 22% of Q1FY22
slippages downgraded
and upgraded in same
quarter
4.15%
3.90%
3.05% 2.93%
2.60%
2.15%
1.57%
1.09%
FY19 FY20 FY21 Q1FY22
Gross Slippages Net Slippages
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Credit Cost (Annualised)

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3.30%
2.26%
(1) 1.88%
3.02% 1.70%
2.11%
0.61% 1.70%
1.48%
0.48%
Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Credit Cost Net credit cost
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(1) 1.21% excluding CBG provision change

as per IRAC norms

Quarterly Results Q1 FY22

** credit cost net of recoveries in written off accounts

BB & Below Corporate Book, Restructuring and NPAs

All figures in ₹ Crores

Bank’s Net NPA and Fund based BB and Below portfolio

Key comments on BB and Below book

PCR (excluding technical write offs) at 70%; net NPA improved 3 bps YoY

~ 100% of restructured corporate book classified as BB & below
~ Rs. 2,800 crs (21%) is rated better by at least one rating agency

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75% 77% 75% 72% 70%
3.00% 2.56%
2.45% 2.39%
2.50% 2.25%
2.14%
2.00% 1.37%
1.02% 1.42% 1.19%
1.50% 1.09%
1.00%
0.50% 1.23% 1.03% 1.19% 1.05% 1.20%
0.00%
Q1FY21 Q2FY21 Q3FY21^ Q4FY21 Q1FY22
Net NPA BB & Below (Fund based) PCR without technical write-offs
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Decline in BB & below investment and non fund based pool due to repayments

BB & Below Outstanding	Q4FY21	Q1FY22
Fund based (FB)	7,443	8,042
Non fund based	4,574	4,424
Investments	666	635

~ Rs. 330 crs (3%) could have been upgraded as borrowers were downgraded based on probable restructuring, which was not availed
Average ticket size of BB & Below book less than Rs. 50 crs
Top 4 sectors comprising Infra Construction, Power Generation & Distribution, Hotels & Trade account for 65% of fund based BB and Below book

Judicious approach to restructuring under Covid-19 framework	Judicious approach to restructuring under Covid-19 framework	Judicious approach to restructuring under Covid-19 framework	Judicious approach to restructuring under Covid-19 framework	Judicious approach to restructuring under Covid-19 framework
Restructured Book		Implemented at end of Q1FY22 (Covid 1.0 + 2.0)$		Approved under Covid 2.0 framework but not implemented$
% of GCA		0.33%		0.11%
Rs Crs		2,192		719
	Segment-wise implemented restructured Book (Covid 1.0 + 2.0) % of respective loan book Corporate 0.6% CBG 0.0% Retail 0.2%
	Segment-wise implemented restructured Book (Covid 1.0 + 2.0)		% of respective loan book
	Corporate		0.6%
	CBG		0.0%
	Retail		0.2%

Linked but not restructured non fund based Rs 992 crs
MSME 1.0 and 2.0 standard restructured book at Rs. 332 crores
Overall provision coverage on restructured book at 23%, 100% provision made on unsecured retail restructured book, though classified as standard

The outstanding amount in ‘BB and Below’ portfolio incorporates cumulative impact of rating Upgrades / Downgrades and Slippages from the pool

$ accounts that are standard as at 30.6.2021

*As % of customer assets, as applicable ^ as per IRAC norms

Quarterly Results Q1 FY22

All figures in ₹ Crores

Detailed walk of NPAs over recent quarters

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		Q1FY21	Q2FY21^	Q3FY21^	Q4FY21	Q1FY22
Gross NPAs - Opening balance	A	30,234	29,560	27,472	29,046	25,315
Fresh slippages	B	2,218	1,750	7,993	5,285	6,518
Upgradations & Recoveries	C	608	2,026	2,162	3,463	2,543
Write offs	D	2,284	1,812	4,257	5,553	3,341
Gross NPAs - closing balance	E = A+B-C-D	29,560	27,472	29,046	25,315	25,949
Provisions incl. interest capitalisation	F	22,112	21,108	21,695	18,321	18,103
Net NPA	G = E-F	7,448	6,364	7,351	6,994	7,846
Provision Coverage Ratio(PCR)		75%	77%	75%	72%	70%
Accumulated Prudential write offs	H	25,707	25,850	28,599	31,856	34,589
PCR(with technical write-off)	(F+H)/(E+H)	87%	88%	87%	88%	87%

Provisions & Contingencies charged to Profit & Loss Account	Provisions & Contingencies charged to Profit & Loss Account	Provisions & Contingencies charged to Profit & Loss Account	Provisions & Contingencies charged to Profit & Loss Account	Provisions & Contingencies charged to Profit & Loss Account	Provisions & Contingencies charged to Profit & Loss Account
	Q1FY21	Q2FY21^	Q3FY21^	Q4FY21^	Q1FY22
Loan Loss Provisions	3,512	973	4,952	2,754	3,152
Other Provisions	904	3,608	(348)	541	380
For Standard assets*	737$	1,453$	490	(6)	27
For Investment depreciation	134	29	399	767	(57)
Others	33	2,126**	(1,237)**	(220)**	410**
Total Provisions & Contingencies(other than tax)	4,416	4,581	4,604	3,295	3,532

including provision for unhedged foreign currency exposures $ includes 10% provision on loans under moratorium

** includes provision for restructuring pool ^ as per IRAC norms

Quarterly Results Q1 FY22 44

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Quarterly Results Q1 FY22

The Future of Work initiative has evolved into multiple flexible work formats

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GIG-A-Opportunities

Access to new Talent Pools

Hiring program in alternate formats: skilled freelancers and virtual full time employment

130 candidates hired in alternate formats
44% Women, 54% Non Banking Talent, 50% Non-Metro
Quicker on-boarding, Day 1 productive talent contributing to significant projects across the Bank

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GIG-A-Anywhere

Transforming Operating Models

Program for existing employees to move to a 100% virtual formats

~2,250 employees across 22 central departments moved to a 100% virtual format in two phases
Talent value segmentation used to identify roles where virtual working would continue to be productive
Employees now have ability to move across formats through internal career mobility

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Hybrid Model

Flexibility and Agility

Established for all roles that are not customer-facing / regulatory mandated to work from premises

Allowed for a rapid scale up / scale down of in-office presence in Q4 in response to changing environment
Coverage of ~15,000 employees across the Bank

Quarterly Results Q1 FY22

Axis Bank’s ESG Imperative

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Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet

Inclusive and Equitable Economy

We are committed to providing opportunities that help the most economically disadvantaged achieve prosperity

Thriving Community

Healthier Planet

We are committed to working with We are committed to consciously nurture communities across the country to help the planet we live in and make it a better them thrive on a sustainable basis. place for future generations.

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Among the top Among top 10 Constituents of constituents of Nifty100 ESG S&P BSE 100 Sector Leaders ESG Index Index

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Among Top 10 FTSE4Good Index
Constituents of constituent for 5 [th]
MSCI India ESG consecutive year in
Leaders Index 2021
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Quarterly Results Q1 FY22

We are putting Strong ESG Oversight in place

ESG a Board-level agenda

Bank’s ESG strategy reviewed at the BOD
CSR Committee’s Charter expanded to include ESG oversight
Climate risk discussed at Risk Committee

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Key ESG Policies in Public Domain

Code of Conduct and Ethics (Link)
Human Rights Policy (Link)
Diversity, Equity & Inclusion Policy (Link)
Equal Employment Opportunity Policy (Link)
Anti-Bribery and Anti-Corruption Policy (Link)

ESG oversight at Leadership level

ESG Steering Committee established comprising senior leadership
DEI Council formed to drive Diversity, Equity and Inclusion
Working Group formed to drive ESG integration in banking and financing activities
Tax Policy (Link)
Sustainable Lending Policy & Procedures (Link)
Policy on Environmental Management (Link)
Corporate Social Responsibility Policy (Link)
Customer Privacy Policy (Link)

Steady Progress on ESG Benchmarks

Building Ownership at Business Level

ESG-aligned commitments being discussed with pertinent businesses
Incorporating ESG imperatives into departmental action plans
5[th] Consecutive year on FTSE4Good Index
CDP Score moved from C to B in 2020
In 70[th] percentile among global Banks on DJSI
MSCI ESG Ratings improves from BBB to A

Quarterly Results Q1 FY22

Positive Outcomes and Impact Across the ESG Spectrum

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Key sustainability performance highlights

Sustainable Banking and Finance Banking

Corporate Lending Portfolio of ~ Rs 10,000 Cro res in green sectors as on 31[st] March 2021

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37 funding proposals assessed under Sustainable Lending Policy and Procedures (SLPP) in FY 21
Saksham digital platform -- ~5 million sheets of paper saved annually from 2.6 million customer requests
Branch of the Future initiative: Reduced paper usage by estimated ~0.5 million sheets monthly

Banking for the Emerging India

1.5 Million+ live customers under Axis Sahyog microfinance program as on 31[st] March 2021

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2,065 Rural and Semi-urban branches covering 500+ districts under the Deep Geo strategy (as of Jun’21)
Over 0.8 million borrowers under the PM MUDRA Yojana for micro-entrepreneurs
83,000+ Active customers under Asha affordable housing loans
Bank enters ‘Better Life Farming’ initiative, a global multi-stakeholder partnership supporting small farmers

Human Capital

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80,250+ employees as on 30[th] June 2021, average age of 31.4 years
Committed to achieving 30% women representation in the workforce by 2027, from 23% in FY 21
Over 2.1 Million hours clocked by 74,000+ employees in virtual classroom sessions
• 83 GIG-A roles filled in FY 21 – 40% were women, 44% from Non-Metros

Quarterly Results Q1 FY22 49

Positive Outcomes and Impact Across the ESG Spectrum

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Key sustainability performance highlights

Corporate Social Responsibility

0.92 million households reached under Axis Bank Foundation’s Mission 2 Million target
Axis DilSe – Over 300 students being supported at Lyzon Friendship School in rural Manipur
Axis Bank Scholarship program for female students pursuing STEM degrees at Ashoka University
~ 0.9 million reached under the Financial Literacy Program
COVID-19 support to frontline agencies in close to 150 districts in India

Operational Excellence

Committed to reducing specific GHG emissions by 5% YOY

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~ 88,000 GJ of green power generation from 7.05 MW installed solar capacity
15,360 MT of GHG emissions avoided from energy efficiency initiatives
~2.2 lakh litres of diesel saved from On-grid inverter solution in rural branches
Targets and Commitments taken on energy efficiency, green power procurement and green design

Thought Leadership

The Bank is represented on key ESG-focused committees and working groups:

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CII Western Region ESG Sub-Committee FY 2022
SES Governance ESG Advisory Board
Renewable Energy to Responsible Energy Initiative
CDP Technical Working Group on Water Indicators for FIs

Quarterly Results Q1 FY22

Committed to Highest Standards of Data Security and Customer Privacy

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Cyber Security Framework
Identify Protect Detect Respond Recover
Information assets and Safeguards to prevent Timely discover Actions to timely contain Plans for resilience and
applicable risks cyber attacks occurrence of cyber event and resolve cyber incident restoration to normalcy
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Comprehensive Cyber Security Policy and Standards based on industry best practices
Cyber Security structure and framework based on National Institute of Standards and Technology (NIST) Standard
Information Security Management System is ISO27001:2013 certified

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Payment Cards business is compliant with PCI DSS standards
24x7 Security Operations Centre in place to detect any suspicious traffic and events

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Advanced layers of defense through technical and administrative controls to protect network, servers, end-Points, applications, identity and data.
Continuous security assessments to proactively detect and remediate vulnerabilities

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Cyber Security Threat Intelligence used to detect malicious underground activities against the Bank
Sustained customer engagements on cultivating safe banking habits across payment channels
Data protection controls throughout the data lifecycle to protect personal and Bank sensitive data.

Quarterly Results Q1 FY22

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Other important information
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Quarterly Results Q1 FY22

Significant value creation happening in our key group entities

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Detailed One Axis presentation Link

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Invst Banking Consumer Retail Fintech
Asset Management Trustee TReDS platform Insurance
& Inst Equities focused NBFC Brokerage platform
One of the fastest Leadership position in AAA rated NBFC with 3 [rd] largest bank led Amongst the leading One of the major fintech Leading player on 4th largest private
growing MF player ECM deals segment diversified product offerings brokerage firm trustees in India players in India TReDs platform insurance company [@]
75% (JV Schroders Plc^^) 100% 100% 100% 100% 100% 67% 12.99% (Co-promoter),
Stake Accounting Associate
All figures in ` Crores
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**Total investments* made**

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0.4% CAGR^
1,800 1,806 1,815 1,815
Mar-19 Mar-20 Mar-21 Jun-21
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**Combined networth* of operating subs**

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18% CAGR^
3,419
3,221
2,488
2,348
Mar-19 Mar-20 Mar-21 Jun-21
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Combined PAT* of operating subs ( annualized )

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61% CAGR^
961
813
459
328
FY19 FY20 FY21 Q1FY22
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** Including stakes owned by Axis Capital and Axis Securities; Also, there is further Option to take overall stake to 19.99% ^^ 25% is held by Schroders Plc ^ CAGR for Mar-19 to Jun-21 period @ Based on New Business Premium

The figures represented above are for the subsidiaries mentioned in the slide (excluding Axis Trustee and Max Life) and are as per Indian GAAP, as used
for consolidated financial statements of the Group

Axis AMC : Strong performance, AUM growth of 55% YOY, PAT up 90% YOY

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All figures in ₹ Crores

Equity QAAUM

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Overall QAAUM Equity QAAUM
45% CAGR 48% CAGR
2,08,143
1,96,549
76% YOY
55% YOY 1,07,936
98,822
1,38,402 1,34,316
61,968 61,223
89,720
44,486
Mar-19 Mar-20 Mar-21 Jun-20 Jun-21 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21
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CAGR for period Mar-19 to Jun-21

Trend in PAT

Major Highlights

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242
90% YOY
110% CAGR (2 yr)
121
73
55
39
FY19 FY20 FY21 Q1FY21 Q1FY22
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6.3% AAUM market share in Q1FY22, up from 5.5% in Q1FY21 driven by fund performance
55% of overall AUM consists of Equity & Hybrid funds
74% equity AUM growth in last 12 months maintaining itself as one of the fastest growing AMC in the country
37% YOY growth in Client folios that stood at 8.8 mn

^Disclosure: Scheme AUM/AAUM (Amt in cr) Rs.217851.60 / Rs. 208142.92 Asset Classwise AUM / AAUM: Liquid/Money Market: 33341.89/34950.86, Gilt: 152.65/ 156.90 Income/Debt: 54928.10 / 53408.11 Equity including ELSS: 114653.77 /106397.14 Hybrid: 8442.42/8353.88 Solution: 1608.97/1538.43 Index: 477.54/440.85 ETF: 899.04/743.75 FOF: 3347.22/2153.01 . AUM by geography (%) [Cities]: Top 5: 60.40% Next 10: 19.02% Next 20: 7.81% Next 75: 7.96% Others: 4.80%

Quarterly Results Q1 FY22

Axis Capital : Go to Banker for India Inc

**Q1FY22 Ranking* (includes IPO, FPO, QIP, REIT, InvIT, OFS & Rights)**

Rank	Banker	No of Deals*
1	Axis Capital	15
2	Peer 1	8
3	Peer 2	8
4	Peer 3	7
5	Peer 4	6

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Major Highlights

19 IB transactions were completed in Q1FY22 that include 6 IPOs, 6 QIPs, 2 OFS, 1 Rights issue and 2 PE advisory deals among others
Re-emphasized its ECM leadership and strong domain expertise by helping companies across multiple sectors like Healthcare, Financials, Real Estate, to raise equity from markets
Transactions included first ever InvIT by any PSU and largest public InvIT transaction till date; and largest IPO in hospital space till date
Axis Capital’s Institutional Equity business trading volumes in cash segment grew 84% and that for F&O grew 410% in Q1FY22
6 times YOY growth in PAT

All figures in ₹ Crores

Revenue from Operations

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381
33% CAGR (2 yr)
241
214
206% YoY
107
35
FY19 FY20 FY21 Q1FY21 Q1FY22
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Profit After Tax

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166
61% CAGR (2 yr)
100
504% YoY
64
47
8
FY19 FY20 FY21 Q1FY21 Q1FY22
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*Source: Primedatabase; Updated till 30[th] June, 2021; Includes all Equity IPOs, FPOs, QIPs, OFS, REIT, InvIT,Rights Transactions

Quarterly Results Q1 FY22

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Axis Securities : Strong performance in Q1FY22 with 93% growth in revenue

Total customer base (in mn)

Axis Securities had acquired nearly 1 mn Karvy’s trading accounts in Q4FY21, making Axis Securities as the 3[rd] largest bank led retail brokerage in terms of customer base

59% YOY 29% CAGR*

Major Highlights

21% YOY growth in customer acquisitions for Q1FY22 period

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3.63 3.71
2.27 2.33
2.10
Mar'19 Mar'20 Mar'21 Jun'20 Jun'21
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64% of the volumes in Q1FY22 from Mobile trading, one of the highest mobile adoption rates in the country
51% of clients traded through Axis Direct Mobile App in Q1FY22
147 crores of broking revenues reaching new quarterly highs
61% YOY growth in PAT for Q1FY22
CAGR for period Mar-19 to Jun-21

All figures in ₹ Crores

Broking Revenue

Profit After Tax

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45% CAGR (2 yr)
93% YoY
425
203 191
147
76
FY19 FY20 FY21 Q1FY21 Q1FY22
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61% YoY
56
35
Q1FY21 Q1FY22
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Quarterly Results Q1 FY22

All figures in ` ₹ Crores

Axis Finance : Poised for growth, PAT grew 86% YOY

Growth in loan book

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11,107
10,259
8,040 7,704 7,748
Mar'19 Mar'20 Mar'21 Jun'20 Jun'21
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15% CAGR
43% YOY
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Major Highlights

20.6% Capital adequacy ratio
1.8% Net NPA% with near nil restructuring
7 times YOY growth in Retail book with retail disbursements accounting for 19% of total incremental Q1 disbursements
~99% of incremental disbursements in the Wholesale business were to cash flow backed and higher rated companies during the quarter
31% Cost to Income for Q1FY22
15.1% overall ROE

** CAGR for period Mar’19 to Jun’21

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Trend in total income, pre-provision profit and PAT
27% YOY
21% YOY
984 1023
911
86% YOY
358 363 385
300
227 193 211 236
89 32 107 60
FY19 FY20 FY21 Q1FY21 Q1FY22
Income Pre-provisioning profit PAT
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Quarterly Results Q1 FY22

A.TReDS : The Invoicemart product continues to be a market leader

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A.TREDS is one of the three entities allowed by RBI to set up the Trade Receivables Discounting System (TReDS), an electronic platform for facilitating cash flows for MSMEs
The TReDS platform connects MSME sellers and their corporate buyers to multiple financiers. It enables discounting of invoices of the MSME sellers raised on large buyers, through a transparent bidding mechanism that ensures financing of receivables at competitive market rates.
Our digital invoice discounting platform ‘Invoicemart’ became the 1[st] TReDS platform to reach ` 10,000 crore worth of MSME Invoice discounting
Invoicemart has helped in price discovery for MSMEs across nearly 500 cities and towns in India who are now able to get their bills discounted from 42 financiers (banks and NBFC factors)

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Progress so far (Jul’17 to Jun’21)
Throughput Invoices Discounted (in No’s) Participants on-board
` 14,527 Cr ~ 7.2 Lakh Buyers: 841 | Sellers: 9,267
Financiers: 42
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Quarterly Results Q1 FY22

Freecharge continues to make progress in its payments led financials services journey; Initial response to “Buy Now Pay Later” encouraging

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Merchant payment solutions
product continues to show
strong momentum
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product continues to show
strong momentum
4412 UTILITIESDTH, RECHARGESMOBILE LOANS CARDS CA/SA/FD
2375 Q1 FY22
•
1301
Management.
•
234 Q4 FY21 monitor.
100
• New payment
• Buy now pay Later
LPG & Loan
• UPI Mandates.
• E-Nach – Auto bill repayments.
Q3 FY21
payments.
Processed volume growth • Rental payments
(Values are Indexed) • Digital CA
• Micro insurance for SMBs
800+ Educational • Marketing platform for
Q2 FY21 SMBs
institutes digitized
using Freecharge • MFs for new investors
•
payment solutions Freecharge Credit Card
• Digital FD
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Financial Goal Management.
Financial Health monitor.
New payment categories – Fastag, LPG & Loan repayments.
Digital SA

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Freecharge Paylater

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Insta onboarding, decisioning & activation – Less than 3 minutes and in just 3 steps.

30 day credit period.
Monthly limit of upto `5000/-
Targeted towards Millennials.

Initial response has been encouraging

Quarterly Results Q1 FY22

*Small and medium businesses

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Quarterly Results Q1 FY22

We have created a differentiated identity and are amongst the most valuable Brands in India

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Featured amongst Top 20 most valuable brands in India

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Store Rating
4.6
4.5
People’s Choice
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Axis Bank Mobile App
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2018 Global Rank #14
vs. #32 in 2017
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Among 42 leading banks worldwide

Quarterly Results Q1 FY22

Major awards won by the Bank and its subsidiaries

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‘Most Recommended Retail Bank in India’ and Most Helpful Bank during Covid-19 in India

Ranked no 1 in Corporate Banking Quality in India

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Anti-Money Laundering Technology Implementation

Best Cyber Security Project, Best Financial AI Project & Best Risk Management Project

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Best Digital Bank India 2021

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Best Use of IT in Risk Management / Fraud Prevention

Quarterly Results Q1 FY22

Shareholding Pattern (as on June 30[th] , 2021)

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SUUTI Others
GDR's 1.52% 7.67%
2.55%
General Insurance Corp & other promoters
1.89%
Life Insurance Corporation
7.99%
Foreign Institutional Investors
55.44%
Indian Institutions
22.94%
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➢ Share Capital
`613 crores
➢ Shareholders’ Funds
`103,890 crores
➢ Book Value Per Share ➢ Diluted EPS (Q1FY22)[#] ➢ Market Capitalization
`339

`28.19

`231,565 crores (as on July 23[rd] , 2021)

annualised

Quarterly Results Q1 FY22

Financial Performance

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Financial Performance(₹crores)		Q1FY22	Q1FY21	% Growth
Interest Income	A	16,003	16,445	(3%)
Other Income	B = C+D+E	3,588	2,587	39%
- Fee Income	C	2,668	1,652	62%
- TradingIncome	D	499	622	(20%)
- Miscellaneous Income	E	421	313	34%
- Recoveries in written-off a/c’s		287	228	26%
Total Income	F = A+B	19,591	19,032	3%
Interest Expended	G	8,243	9,460	(13%)
Net Interest Income	H = A-G	7,760	6,985	11%

Operating Revenue	I = B+H	11,348	9,572	19%
Core OperatingRevenue*	J	10,828	8,950	21%
OperatingExpenses	K	4,932	3,728	32%
-Staff Expense	L	1,852	1,406	32%
-Non Staff Expense	M	3,080	2,322	33%
Operating Profit	N = I-K	6,416	5,844	10%
Core Operating Profit*	O	5,896	5,222	13%
Provisions other than taxes	P	3,532	4,416	(20%)
Profit Before Tax	Q = N-P	2,884	1,428	102%
Tax Expenses	R	724	316	129%
Net Profit	S = Q-R	2,160	1,112	94%
EPS Diluted (in`) (annualized)		28.19	15.79
Return on Average Assets(annualized)		0.86%	0.48%
Return on Equity (annualized)		9.11%	5.74%
Capital AdequacyRatio(Basel III)**		19.01%	17.47%

excluding trading profit and exchange gain/loss on capital repatriated from overseas branch/subsidiary ** including profit for the quarter

Quarterly Results Q1 FY22

Financial Performance

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Financial Performance($ mn)		Q1FY22	Q1FY21	% Growth
Interest Income	A	2,153	2,212	(3%)
Other Income	B = C+D+E	483	348	39%
- Fee Income	C	359	222	62%
- TradingIncome	D	67	84	(20%)
- Miscellaneous Income	E	57	42	34%
- Recoveries in written-off a/c’s		39	31	26%
Total Income	F = A+B	2,636	2,560	3%
Interest Expended	G	1,109	1,273	(13%)
Net Interest Income	H = A-G	1,044	940	11%

Operating Revenue	I = B+H	1,527	1,288	19%
Core OperatingRevenue*	J=I-D	1,457	1,204	21%
OperatingExpenses	K	664	502	32%
-Staff Expense	L	249	189	32%
-Non Staff Expense	M	414	312	33%
Operating Profit	N = I-K	863	786	10%
Core Operating Profit*	O=N-D	793	703	13%
Provisions other than taxes	P	475	594	(20%)
Profit Before Tax	Q = N-P	388	192	102%
Tax Expenses	R	97	42	129%
Net Profit	S = Q-R	291	150	94%
EPS Diluted (in`) (annualized)		28.19	15.79
Return on Average Assets(annualized)		0.86%	0.48%
Return on Equity (annualized)		9.11%	5.74%
Capital AdequacyRatio(Basel III)**		19.01%	17.47%

$ figures converted using exchange rate of 1$ = ` 74.33

excluding trading profit and exchange gain/loss on capital repatriated from overseas branch/subsidiary ** including profit for the quarter

Quarterly Results Q1 FY22

Balance Sheet

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Balance Sheet	As on 30th Jun’21	As on 30 Jun’20		As on 30th Jun’21	As on 30th Jun’20	% Growth
CAPITAL AND LIABILITIES	In`Crores\|In`Crores		in $ Mn	in $ Mn
Capital	613	564		82	76	9%
Reserves & Surplus	1,03,277	85,507		13,894	11,504	21%
Deposits	7,13,862	6,15,655		96,040	82,827	16%
Borrowings	1,50,938	1,42,836		20,307	19,217	6%
Other Liabilities and Provisions	43,360	40,081		5,883	5,392	8%
Total	10,12,050	8,84,643		1,36,156	1,19,016	14%
ASSETS
Cash and Balances with RBI / Banks and Call money	72,996	60,080		9,820	8,083	21%
Investments	2,39,915	1,87,323		32,277	25,202	28%
Advances	6,14,874	5,48,846		82,722	73,839	12%
Fixed Assets	4,279	4,359		576	586	(2%)
Other Assets	79,986	84,035		10,761	11,306	(5%)
Total	10,12,050	8,84,643		1,36,156	1,19,016	14%

Prior period numbers in the have been regrouped as applicable for comparison

$ figures converted using exchange rate of 1$ = ` 74.33

Quarterly Results Q1 FY22

Safe Harbor

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Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “strategy”, “philosophy”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, future levels of nonperforming loans, our growth and expansion, the adequacy of our allowance for credit losses, our provisioning policies, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Axis Bank Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

Quarterly Results Q1 FY22

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Thank You

Quarterly Results Q1 FY22

AI assistant

Axis Bank Limited — Interim / Quarterly Report 2022

10591_rns_2021-09-15_9a246d6c-5266-4a5d-9264-06e206f0aacd.pdf

AXIS/CO/CS/289/2021-22

SUB.: DISCLOSURE UNDER REGULATION 30 READ WITH PARA A OF SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

Axis Bank at a glance

Major highlights of Q1FY22

Healthy CASA deposits growth, steady operating performance, resilient balance sheet

Key metrics for Q1FY22

Snapshot (As on 30[th] June 2021)

QAB – Quarterly Average Balance

Advances 12% YOY

Steady growth in granular deposits continue to drive loan growth

Deposits (QAB)[^]

Loans

Deposit mix (QAB)[^]

Segment loan mix

Progress on building a stable low cost deposit franchise on track, with healthy growth in CASA

Savings account balances^

Current account balances^

Retail term deposits^

(CASA + RTD*) ratio^ & cost of deposits

Operating performance has been steady

Operating revenue

Core Operating profit

Operating Expense

Profit after tax

Net interest margin

Advances mix by rate type

Cost of Funds

Net interest Margin (NIM)

We continue to focus on building granularity in fees

Retail Banking fees

Retail fee mix

Corporate & Commercial Banking fee

Corporate & commercial banking fee mix

Strong capital position with adequate liquidity

Bank’s Capital Adequacy Ratio

RWA to Total Assets

Liquidity Coverage Ratio (consolidated)

Retail Banking

Healthy growth in SA deposits led by deepening and premiumisation strategy

Higher customer engagement led to broad base growth from ETB relationships Focus on Premium lea ing to higher share in ETB SA book

Strong traction in SA deposits continues …

Share of ETB Balances

We continue to see improvement in number of NTB acquisitions

Premium includes Burgundy Private, Burgundy, Priority and Prestige and NRI segments

Deep Geo strategy has been scaling up well

Drive higher business growth and increase market share in Rural and Semi Urban markets through asset led liability strategy

Key products and growth

Key Assets

Weekly focused drives

Rs 3 trillion Retail loan book is well diversified and ~80% secured with significantly high proportion of ETB and salaried customers

Retail book

ETB mix in retail portfolio

Average LTVs:

Sourcing:

We are the 4th largest issuer of Credit Cards in the country

Featured Cards

Credit Cards in force (mn)

Co-branded Cards

Key insights

Premium Cards

Axis Bank Aura Credit Card

Trends in Card spends

Debit Card spends

We continue to grow Acquiring through innovations and integrated approach

Throughput trend & market share

Innovations in Acquiring

Expansion strategy

Key insights

The Bank is a leading player in India’s Wealth Management space

Burgundy Private Client Base

We have a strong and well diversified distribution network

Corporate & Commercial Banking

Strong relationship led franchise driving synergies across One Axis entities

…with better rated originations and focussed on short term loans

Incremental sanctions to corporates rated A- & above

85% of the book is rated A- or better

Corporate loan book mix (tenure based)

Axis Bank Limited Interim / Quarterly Report 2022

**(CASA + RTD*) ratio^ & cost of deposits**