Axis Bank Limited · NSE:AXISBANK
Axis Bank — Q2 FY26 Earnings Presentation
77 slides from Axis Bank's earnings presentation, Oct 16, 2025
Slide 1: Exchange disclosure letter under Regulation 30
AXIS/CO/CS/346/2025-26 October 15, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor, Plot No. C/1, “G” Block P. J. Towers, Bandra-Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Fort, Mumbai – 400 001 NSE Symbol: AXISBANK BSE Scrip Code: 532215 De
Slide 2: Press Release: Financial Results for Quarter and Half Year Ended 30 September 2025
PRESS RELEASE AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2025 Market share gains across deposits and advances both growing at 11% & 12% YOY respectively, H1 FY26 Core Operating Profit at ₹20,010 crores, up 4% YOY, aided by stable NII, fee growth and posi
Slide 3: Q2FY26 Performance at a Glance
Q2FY26 Performance at a Glance • Steady operating performance aided by stable NII and robust fee income o Net Interest Income up 1% QOQ and 2% YOY, Net Interest Margin (NIM) at 3.73% o Fee income grew 5% QOQ and 10% YOY, granular fee constituted 91% of overall fees, Retail fee grew 10% YOY • Gained
Slide 4: Profit & Loss Account: Period ended 30th September 2025
Profit & Loss Account: Period ended 30th September 2025 Net Interest Income and Net Interest Margin The Bank’s Net Interest Income (NII) stood at `13,745 crores up 1% QOQ and 2% YOY basis. Net Interest Margin (NIM) for Q2FY26 stood at 3.73%. Other Income Fee income for Q2FY26 grew 10% YOY to `6,037
Slide 5: Balance Sheet: As on 30th September 2025
Balance Sheet: As on 30th September 2025 The Bank’s balance sheet grew 11% YOY and stood at `16,76,614 crores as on 30th September 2025. The total deposits grew 4% QOQ and 11% YOY on month end basis, of which current account deposits grew 13% YOY, saving account deposits grew 4% | 6% and term deposi
Slide 6: UPI Payer PSP leadership, wealth management and other businesses
Axis Bank continues to maintain its market leading position in UPI Payer PSP space with a market share of ~ 37% by volume2 and ~35% by value2, along with maintaining the lowest technical declines3 among the top 50 UPI Remitter Members. Continues to be amongst the largest players in Merchant Acquirin
Slide 7: Technical Impact on asset quality
Technical Impact on asset quality Gross Slippages on account of Technical Impact in Q2FY26 was `1,512 crores, declined 44% QoQ. Net Slippages on account of Technical Impact in Q2FY26 was `280 crores, declined 85% QoQ. Provisions on account of Technical Impact in Q2FY26 were `256 crores, declined 69%
Slide 8: Financial Performance and Balance Sheet
` crores Financial Performance Q2FY26 Q2FY25 % Growth Net Interest Income 13,745 13,483 2% Other Income 6,625 6,722 (1%) - Fee Income 6,037 5,508 10% - Trading Income 498 1,111 (55%) - Miscellaneous Income 90 103 (13%) Operating Revenue 20,369 20,205 1% Core Operating Revenue# 19,871 19,094 4% Opera
Slide 9: Business Performance
` crores As on As on Business Performance % Growth 30th September’25 30th September’24 Total Deposits (i)+(ii) 12,03,487 10,86,744 11% (i) CASA Deposits 4,79,007 4,41,053 9% - Savings Bank Deposits 3,17,724 2,98,533 6% - Current Account Deposits 1,61,283 1,42,520 13% CASA Deposits as % of Total Depo
Slide 10: Safe Harbor
Safe Harbor 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”, “futu
Slide 11: Investor Presentation Quarterly Results Q2FY26
Investor Presentation Quarterly Results Q2FY26 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB
Slide 12: Axis Bank at a glance
Axis Bank at a glance 3rd ~ 54 mn 1,02,800+ 5,976 Axis Bank Employees Branches1 largest Private Bank in India Customers Traditional Banking Segment Digital Banking Segment Market Share 5.3% 5.0% 5.7% ~ 37% ~ 14% Assets 2 Deposits 2 Advances 2 UPI3 Credit Cards 4 Profitability 11.51% 3.73% 2.53% 2.38
Slide 13: Executive Summary
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 3
Slide 14: Major highlights for Q2FY26
Major highlights for Q2FY26 Market share gains across deposits and advances, Deposits up 11% YOY, Advances up 12% YOY, H1 FY26 Core Operating Profit at ₹20,010 crores, up 4% YOY, aided by stable NII, fee growth and positive operating jaws • Net Interest Income up 1% QOQ and 2% YOY, Net Interest Marg
Slide 15: Key metrics for Q2FY26
Key metrics for Q2FY26 Snapshot (As on 30th September 2025) Deposits Advances Absolute (₹ Cr) QOQ YOY Growth (a) 11% YOY (b) 12% YOY Q2FY26 Q1FY26 H1FY26 Q2FY26 Q2FY26 H1FY26 10% YOY Net Interest Income 13,745 13,560 27,304 1% 2% 1% Fee Income 6,037 5,746 11,783 5% 10% 10% Profit & 31% Loss Operatin
Slide 16: Financial Highlights
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 6
Slide 17: Deposit and Loan growth performance
Deposit and Loan growth performance All figures in ₹ billion Deposit mix (QAB)1 Segment loan mix 11,397 YOY QOQ 11,167 YOY QOQ 10,840 11,048 10,664 10,597 10,372 10% 3% 10,146 10,408 12% 5% 10,000 3,497 2,994 3,159 (31%) 20% 11% 2,908 2,946 6,806 7,057 Corporate TD 6,245 6,549 6,690 (62%) 13% 4% 1,3
Slide 18: Q2FY26 Core operating profit up 3% YOY
Q2FY26 Core operating profit up 3% YOY All figures in ₹ Crores Operating revenue Operating expense YOY QOQ 36% 34% Opex YOY 13% 9% 5% 20,205 20,369 growth 1% 2% 17,349 9,493 9,957 14,215 6,722 6,625 8,717 11,699 5,034 1% 9% 6,499 3,855 5,771 6,376 6,839 3,798 6,107 13,483 13,745 3,835 4,332 12,315 1
Slide 19: Net interest margin trend
Net interest margin trend Advances mix by rate type Cost of Funds MCLR Duration Split (Sep-25) 27% 1% 1M, 5.50% 5.39% 1% 3% 0.5% 5.35% 5.43% 5.44% 5.45% 5.46% 8% 5.17% 5.15% 5.03% 4.75% 3M, 1% ~ 72% of 12M, 4% 4.34% 4.09% loans floating 60% 6M, 2% Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1F
Slide 20: NIM has seen structural improvement led by multiple drivers
NIM has seen structural improvement led by multiple drivers 1 Improvement in balance sheet mix 2 Reducing share of low yielding RIDF bonds 3 Composition reflected through average* CASA% Retail & SME as % of loan book 68% 71% 71% 69% 67% As a % to total assets 3.5% 2.3% 1.5% 42.9% 43.6% 42.5% 0.9% 0.
Slide 21: Healthy growth in fees; granularity built across business segments
Healthy growth in fees; granularity built across our business segments All figures in ₹ Crores Retail Banking fees Retail fee mix 10% YOY 43% 45% 44% 4,738 4,269 23% 24% 25% 3,876 3,881 4,051 17% 15% 15% 17% 16% 15% TPP Retail Cards & Payments Retail Assets excl cards & Retail Liabilities & others p
Slide 22: Cost growth at 5% YoY
Cost growth at 5% YoY Q2FY26 opex growth by 5%. Increase in Statutory expenses offset by LD2 Integration expenses 1% 3% 13% (100%) YoY% Breakup of Q1FY26 opex of 9,303 Cr 6% 21% 107% (34%) % in Growth Volume linked, 497 Business as 2,086 28 98 (159) Usual, 4,057 Includes Investments Nil migration Bu
Slide 23: Capital and Liquidity Position
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 13
Slide 24: Strong capital position with adequate liquidity
Strong capital position with adequate liquidity Bank’s Capital Adequacy Ratio 2.12% 1.81% 19.12% 18.54% 14.12% 14.43% 17.64% 16.63% 17.07% 16.55% 3.72% 3.30% 3.62% 2.40% 2.12% 2.89% 15.40% 15.24% 14.67% 14.43% 14.02% 13.74% CET-1 Sep'24 Accretion Consumption CET-1 Sep'25 Mar-21 Mar-22 Mar-23 Mar-24
Slide 25: Business Segment Performance
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 15
Slide 26: Retail Banking
Retail Banking ~52 Mn 4th `6.45 T n Individual Largest issuer of AUM in wealth customers Credit Cards management 6% 2% 57% YOY growth in YOY growth in Share of Retail advances Rural advances Advances~ 4% 40% 71% YOY Growth in SA CASA ratio Share in QAB* deposits (MEB**) total fee^ ~ share in Bank’s
Slide 27: The Deposit journey for Axis Bank
The Deposit journey for Axis Bank should be looked at from three aspects… 1 2 3 We continue to work on improving the …with controlled increase in cost of deposits … growing faster than the industry aided by improved granularization, positively impacting the over the last 9 quarters and… acquisition
Slide 28: Led by multiple initiatives across the Bank
…led by multiple initiatives across the Bank Focus on Productivity & Exclusively curated Digital, transformation Premiumization Bharat Banking Partnerships Micro market strategy product propositions SA New to Bank deposits* up 31% CAGR in Burgundy 14% YOY growth in Salary ~ 22K extensive distributio
Slide 29: Leading player in India's Wealth Management space
Being one of the leading player in India’s Wealth Management space Overall Burgundy AUM^ has grown strongly 31% CAGR* 5% YOY 2% QOQ 6.15 6.45 5.92 5.37 3.57 2.61 2.13 1.47 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 * CAGR for period Mar-20 to Sep-25 All figures In ₹ Tn 16% YOY Burgundy
Slide 30: Retail loan book remains well diversified
₹6.4 trillion Retail loan book remains well diversified ~ 72% of our retail book is secured (1) Retail book (in ₹ Billion) in Rs Crores Sep-25 QOQ YOY % Prop Home Loans 1,65,703 - (1%) 26% 15% 11% Rural loans 91,400 (2%) 2% 14% 7% 6% 6% MFI loans are ~2.7% of YOY LAP 82,259 4% 22% 13% retail loans,
Slide 31: Small Business Banking segment
Small Business Banking segment SBB Portfolio (in Cr.) Well diversified customer base 14% YoY 5% QoQ • ₹70,663 crores overall book with Business Loan (unsecured) book of `21,906 crores 70,663 19% 66,757 • ~88% value contribution from Secured products 17% (working capital, overdraft, term loans, etc.)
Slide 32: Our bet on 'Bharat' is growing from strength to strength
Our bet on ‘Bharat’ is growing from strength to strength, with a focus on building a distinct model • Drive higher business growth and increase market share in Rural and Semi Urban (RuSu) markets through asset led liability strategy • Lending opportunities in RuSu markets to complement the Bank’s ov
Slide 33: Trend in Credit Card issuances
Trend in Credit Card issuances Increase in Cards in force (CIF) market share with increasing card issuances aided by KTB^ partnerships Axis Bank Magnus Credit Card Axis Bank has achieved a key milestone of crossing 15mn+ Cards in force In million 1.21 1.26 1.24 1.13 1.11 1.04 1.04 1.06 1.07 0.96 0.7
Slide 34: Trend in Card spends and POS terminals
Trend in Card spends and POS terminals ‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly Ranked amongst the largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities 50% QOQ increase in GMV (Q2FY26) 27% QOQ growth in Q2FY26 transactions an
Slide 35: Well distributed branch network
We have a very well distributed branch network Branch presence across categories Axis Virtual Centre Domestic branch network* 7% YOY 18% 5,876 5,976 30% 5,377 4,903 ~4.1 mn 8 4,758 Customer connect ^ Centers 29% 23% 1,786 Virtual RMs Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Metro Urban Semi-Urban Rural *
Slide 36: Corporate & Commercial Banking
Corporate & Commercial Banking 20% 19% 28% YOY growth in Corporate YOY growth in YOY growth in loans SME loan book Mid Corporate book 11% 90% 89% YOY growth in Share of corporate Incremental sanctions Transaction Banking Fees advances to clients to A-and above** (for Q2FY26) rated A-and above 7% 12%
Slide 37: Relationship led franchise driving synergies across One Axis entities
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 • Segregated the responsibilities of coverage and product groups to ensure sharper focus • Corporate & Co
Slide 38: 90% of the book rated A- and above
…with 90% of the book rated A- and above 90% of the corporate loan book is Corporate Loans Overseas corporate loan book rated A- or better In ₹ Cr YOY QOQ • 87% is India linked based on standard book • 68% of book as on 30.09.2025 is rated AA- & above • 96% is rated A- and above based on standard bo
Slide 39: Strengthened proposition as a Transaction Bank
We have strengthened our proposition as a Transaction Bank Current Account Digital Adoption 68% Current Account customers 13%YOY growth in Current Account, Month registered for internet/mobile banking End Balances (Q2FY26) Foreign LC Market Share BBPS Value Market Share Market Share at Market Share
Slide 40: Well placed to benefit from a vibrant Corporate Bond market
We remain well placed to benefit from a vibrant Corporate Bond market Placement & Syndication of Debt Issues All figures in ₹ Crores Movement in corporate bonds Amount mobilized / arranged^ Market share and Rank* 1st 1st 25% 3% YOY 63,409 65,363 19% 20.3% 17% 18.2% 73,808 14% 14% H1FY25 H1FY26 H1FY2
Slide 41: neo by Axis Bank: Digital Solutions for Businesses
neo by Axis Bank | Empowering Businesses with Cutting-Edge Digital Solutions from Account Opening to Seamless Web & Mobile Experiences Transformational Impact of Neo reflected in …along with a fully digital application that sets new standards for the strong product-market fit supported by Highly rat
Slide 42: Industry-wise Distribution (Top 10)
Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on 30th Sep'25 Total Rank Advances Investments Non-fund based Sectors Value (in % terms) 1. Financial Companies2 94,633 33,954 51,572 1,80,159 12.93% 2. Engineering & Electronics 26,263 - 40,978 67,241 4.83% 3. Real Estate3
Slide 43: Business Performance: Commercial Banking
Business Performance Commercial Banking
Slide 44: Strong growth in SBB+SME+MC book
Strong growth in SBB+SME+MC book despite tightening our risk standards 24% 22% 21% 19% 16% 2,65,833 27% CAGR*# 2,22,080 63,664 1,87,309 49,731 34% CAGR# 27% CAGR# in combined MSME, MC and 1,41,933 42,172 SBB segment 1,31,506 1,02,097 30,806 1,10,474 21% CAGR# 20,042 94,845 75,786 61,155 70,663 20,90
Slide 45: Commercial Banking business
Commercial Banking business • 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 SME Advances 13% 15% 15% 15% 15% 19% YOY 9% QOQ 87% 85% 85% 85% 85% ₹
Slide 46: SME lending business
SME lending business Book by Loan size Well diversified Geographical mix Well diversified Sectoral mix 15% 15% 16% 27% 24% 28% 8% 10% 18% 7% 2% 12% 2% 3% 6% 2% 20% 2% 9% 3% 7% 28% 18% 4% 3%4% 4% Trade Retail and Wholesale Food and Beverages Textile Engineering Others West 1 West 2 CRE Petrochemical
Slide 47: Digital Banking
Digital Banking 97% 90% 68% 77% 49% 58% Digital Credit cards New MF SIP New SA Individual RTDs PL disbursed (end-to-end digital) transactions1 issued2 (Q2FY26) volume (Q2FY26) acquisition3 value (Q2FY26) (in Q2FY26) D2C products 250+ 300+ 4.7 @ ~15 Mn 480 4,100+ Services on Employee tool Mobile App
Slide 48: Our digital strategy: open by Axis Bank
Our digital strategy: open by Axis Bank Setup open by Axis Bank – A Fully Digital Bank within the Bank Proprietary, distinctive digital - Distinctive In-house Digital Capability across People, Tech & Processes A native capabilities Acquire New Customers at Scale - 49% of retail individual TDs acquir
Slide 49: open by Axis Bank is a one stop solution for digital banking
open by Axis Bank is a one stop solution for all the digital banking needs having: Leadership in technology with several A industry firsts B Distinctive customer experience C We continue tobased scale up Account Aggregator use cases 1st 71% 2.2x ~1.4m 99.39% of Branch service request YOY growth in A
Slide 50: UPI has scaled up to become a key channel
UPI has scaled up tremendously to become a key channel for customer transactions 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 Dedicated IT cloud infrastruct
Slide 51: Asset Quality
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 41
Slide 52: Stable GNPA and NNPA, slippages improved QOQ
Stable GNPA and NNPA, slippages improved QOQ GNPA at 1.46% & NNPA at 0.44% Segmental composition Retail CBG WBG Total 65%^ 72%^ 90%^ 70%^ 1.44% 1.46% 1.57% 1.46% 1.28% 1.29% 2.02% 0.34% 0.35% 0.33% 0.45% 0.44% 0.80% 1.46% 0.35% 0.71% 0.76% 0.08% 0.44% 0.21% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 GNPA NN
Slide 53: Detailed walk of NPAs over recent quarters
Detailed walk of NPAs over recent quarters All figures in ₹ Crores Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Gross NPAs - Opening balance A 16,211 15,466 15,850 14,490 17,765 Fresh slippages B 4,443 5,432 4,805 8,200 5,696 Upgradations & Recoveries C 2,069 1,915 2,790 2,147 2,887 Write offs D 3,119 3,133 3
Slide 54: Summary of Technical Impact across asset quality parameters
Summary of Technical Impact across various asset quality parameters Q2FY26 Q1FY26 Reported Technical Impact* Excl. Technical Impact Reported Technical Impact* Excl. Technical Impact Particulars Rs. crs % Rs. crs % Rs. crs % Rs. crs % Rs. crs % Rs. crs % Gross Slippage 5,696 2.11% (1,512) (0.56%) 4,1
Slide 55: Sustainability
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 45
Slide 56: ESG focus continues to have Bank-wide sponsorship
ESG focus continues to have Bank-wide sponsorship Our Purpose Statement: Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet Steady Performance on Global ESG Benchmarks Ranked 2nd amongst Indian Banks in S&P Environmental Social Governance ESG Scor
Slide 57: Committed to Positive Climate Action and Achieving the SDGs
Committed to Positive Climate Action and Achieving the SDGs In September 2021, the Bank announced commitments aimed at supporting India’s low-carbon and equitable economic transition towards achieving the SDGs and India’s commitments under the Paris Agreement Our Commitment Unit Achievement by FY 20
Slide 58: Sparsh 2.0 Customer Experience program
Sparsh 2.0, our enhanced Customer Experience program, simplifies interactions, driving NPS, automation, and digitization, with a focus on customer loyalty and business growth NPS Sparsh Week 2025 : Translating Customer Obsession into Measurable Business Impact A five-day nationwide activation that s
Slide 59: Subsidiaries' Performance
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 49
Slide 60: Significant value in key group entities
Continue to create significant value in our key group entities One Axis Group Investment 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 3rd largest bank le
Slide 61: Axis Finance: PAT up 18% YOY
Axis Finance : PAT up 18% YOY, Retail book up 24% YOY Growth in Assets under Finance (AUF) 30% CAGR** 23% YOY All figures in ₹ Crores 43,012 Major Highlights 39,079 (3%) 1,211 • Share of Retail + MSME at 55% of total book vs 53% last year 32,123 1,260 34,829 3,486 2,501 728 709 2,080 • 68% YoY AUF g
Slide 62: Axis AMC: PAT up 11% YOY
Axis AMC : PAT up 11% YOY All figures in ₹ Crores 17% CAGR* Overall QAAUM 14% CAGR* Equity QAAUM 3% YOY 12% YOY 3,51,238 3,21,506 3,12,338 2,74,265 1,91,471 1,96,728 2,59,818 1,80,048 2,41,415 1,64,981 1,96,549 1,43,546 1,37,074 98,822 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-24 Sep-25 Mar-21 Mar-22 M
Slide 63: Axis Capital: Leading in Equity Capital Markets
Axis Capital : Among the leading players in Equity Capital Markets Investment Banking Highlights Institutional Equities Highlights • Announced 15 Investment Banking transactions across Capital Markets, • 269 stocks under coverage (20 new initiations in Q2FY26) Private Placement & Advisory in Q2FY26
Slide 64: Axis Securities: 15% YOY growth in customer base
Axis Securities : 15% YOY growth in customer base Total customer base (in mn) 15% YOY 15% CAGR* Major Highlights 6.78 • 15% YOY growth in customer base in Q2FY26 6.36 5.55 5.89 4.86 • 41% of the volumes in Q2FY26 was from Mobile trading 4.17 3.63 • 59% of clients traded through Axis Direct Mobile Ap
Slide 65: Axis Trustee: PAT up 69% YOY
Axis Trustee: PAT up 69% YOY All figures in ₹ Crores Assets under Trust 16% YOY 15% CAGR* Major Highlights 47,44,704 49,41,790 42,65,814 • 25% YOY growth in New Business in Q2FY26 39,04,153 29,94,794 30,01,067 • 68% YOY revenue growth in Facility Agency business 26,43,586 • AIFs & FA at GIFT City su
Slide 66: A.TREDS: Invoicemart setting a new benchmark in TReDS
A.TREDS: Invoicemart setting a new benchmark in TReDS • A.TREDS Ltd digital invoice discounting platform ‘Invoicemart’ has set a new benchmark by facilitating financing of MSME invoices of more than ₹2,20,000 crs+ • Invoicemart has helped in price discovery for MSMEs across 1,100+ locations in India
Slide 67: Freecharge: Scaling Merchant Lending Business
Freecharge: Focus on scaling Merchant Lending Business; Aiming for Sustainable Expansion in Payment Aggregation Merchant Business Payment Aggregation Consumer Payments & Financial Services • Continue to scale unsecured loans (MCA, and • GMV remains stable, with continued focus on • Continue to scale
Slide 68: Other Important Information
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY26 58
Slide 69: Awards and recognitions
Our winning mindset is reflected in multiple awards and recognitions… Won “Infosys Finacle Innovation Award 2025”, for Maximizing Customer Engagement – Neo for Corporates, Business Model Won ‘Domestic Retail Bank of the Best BFSI Customer Won “Most Innovative use of AL/ML, Innovation Neo connecting
Slide 70: Shareholding Pattern (as on Sep 30, 2025)
Shareholding Pattern (as on Sep 30, 2025) Life Insurance Corporation Others 7.89% 6.83% Foreign Institutional GDR's Investors 3.30% 40.51% Indian Institutions 41.47% ▪ Share Capital `621 crores ▪ Shareholders’ Funds `189,947 crores ▪ Book Value Per Share `612 ▪ Diluted EPS (Q2FY26) (Annualised) `64.
Slide 71: Financial Performance
Financial Performance Financial Performance (₹ crores) Q2FY26 Q2FY25 % Growth H1FY26 H1FY25 % Growth Interest Income A 30,970 30,420 2% 62,034 60,481 3% Other Income B = C+D+E 6,625 6,722 (1%) 13,883 12,505 11% - Fee Income C 6,037 5,508 10% 11,783 10,711 10% - Trading Income D 498 1,111 (55%) 1,918
Slide 72: Financial Performance ($ mn)
Financial Performance Financial Performance ($ mn) Q2FY26 Q2FY25 % Growth H1FY26 H1FY25 % Growth Interest Income A 3,488 3,426 2% 6,986 6,812 3% Other Income B = C+D+E 746 757 (1%) 1,564 1,408 11% - Fee Income C 680 620 10% 1,327 1,206 10% - Trading Income D 56 125 (55%) 216 171 26% - Miscellaneous
Slide 73: Balance Sheet
Balance Sheet Balance Sheet As on 30th Sep'25 As on 30th Sep’24 As on 30th Sep'25 As on 30th Jun’24 % Growth CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ mn in $ mn Capital 621 619 70 70 0.3% Reserves & Surplus 1,89,327 1,64,069 21,322 18,478 15% ESOP Outstanding 1,194 941 134 106 27% Deposi
Slide 74: Legacy asset quality issues adequately addressed
Legacy asset quality issues adequately addressed Overall Credit Costs: FY10 to Q2FY26 3.57% Trend in BB corporate book (Fund based as % of GCA) 3.53% 7.29% Credit Cost 2.82% Net Credit Cost 20 year average: 2.78% 2.15% (FY06 to FY25) 1.32% 1.91% 1.89% 1.87% 0.18% 1.70% Jun'16 Mar'19 Sep'25 1.68% 1.3
Slide 75: Limited restructuring, largely secured and well provided
Limited restructuring, largely secured and well provided All figures in ₹ Crores Bank’s Net NPA* and Fund based BB and Below* portfolio Update on restructured book Outstanding Covid (1+2) restructuring as on 30.09.2025 Implemented PCR (excluding technical write offs) at 70%; net NPA at 0.44% Bank 1,
Slide 76: Safe Harbor
Safe Harbor 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”, “futu
Slide 77: Thank You
Thank You Quarterly Results Q2FY26 67