Axis Bank Limited · NSE:AXISBANK
Axis Bank — FY2018 Earnings Presentation
73 slides from Axis Bank's earnings presentation, May 16, 2018
Slide 1: Investor Presentation Annual Results FY17-18
Investor Presentation Annual Results FY17-18 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB 1
Slide 2: 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 3: Investor Presentation - Annual Results FY17-18
Investor Presentation - Annual Results FY17-18 o This investor presentation is being uploaded on the website of the Bank on 16th May 2018 post approval of consolidated financial results of the Bank for the year ended 31st March 2018 o This presentation includes slides on subsidiaries performance (Re
Slide 4: Major Highlights
Major Highlights o Asset Quality recognition cycle nearing an end, Bank significantly accelerated NPA recognition in Q4 • Most of the corporate slippages (90%) in Q4 came from disclosed BB & Below book • New guidelines for Resolution of Stressed Assets drove recognition in restructured book • Accele
Slide 5: Key Metrics for Q4FY18 & FY18
Key Metrics for Q4FY18 & FY18 All figures in ` Crores unless stated Snapshot (As on March 31, 2018) (in `Crores) Deposits 9% YOY Advances 18% YOY Total Assets 691,330 Net Advances 439,650 Total Deposits 453,623 47% 54% Net Profit/(Loss) (Q4/FY18) (2,189) / 276 Shareholders’ Funds 63,445 18% YOY (CDA
Slide 6: Financial Highlights
Financial Highlights 6 Business Segment performance 20 Asset Quality 48 Shareholder Returns and Capital Position 57 Subsidiaries’ Performance 61 Other important information 68
Slide 7: Loan growth momentum remains strong
Loan growth momentum remains strong All figures represent YOY growth Advances Total Assets 21% 18% 15% 16% 13% 11% 11% 11% 12% 10% Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 7
Slide 8: Low Cost Deposit growth remains healthy
Low Cost Deposit growth remains healthy All figures represent YOY growth Savings Bank Deposits Current Account Deposits 37% 30% 29% 29% 26% 24% 28% 23% 22% 22% 22% 22% 18% 18% 21% 21% 19% 16% 10% 11% Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 End Balance CDAB* End balance
Slide 9: Base effect continues to influence Deposit growth
Base effect continues to influence Deposit growth All figures in ` Crores YOY growth YOY growth CASA Deposits in Mar-17 in Mar-18 243,852 14% YOY 26% YOY 213,050 210,057 193,583 201,711 95,650 10% YOY 37% YOY 87,002 79,792 70,492 71,573 18% YOY 19% YOY 130,265 131,219 148,202 126,048 122,010 Mar-17
Slide 10: Granular Deposits comprising CASA and Retail Term deposits form 84%
Granular Deposits comprising CASA and Retail Term deposits form 84% All figures in ` Crores Retail forms dominant share of deposits at the Bank 81% 83% 83% 84% 84% CASA+RTD** 51% 54% 49% 50% 49% CASA** Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 ** as % of total deposits Retail Term Deposits 11% YOY 132,764
Slide 11: Retail and SME now form 60% of the Bank's Loans
Retail and SME now form 60% of the Bank’s Loans All figures in ` Crores Total Advances Loan Mix 18% YOY (As on March 31, 2018) 439,650 420,923 410,171 385,481 373,069 206,464 184,256 193,295 167,993 175,278 Corporate Retail 40% 47% 52,718 54,884 58,740 49,172 47,919 SME 13% 162,284 173,197 172,744 1
Slide 12: Loan growth trend is now more balanced across all segments
Loan growth trend is now more balanced across all segments All figures in ` Crores Retail Advances SME Advances Corporate Advances 23% YOY 19% YOY 12% YOY 206,464 174,446 155,904 167,993 58,740 49,172 Mar-17 Mar-18 Mar-17 Mar-18 Mar-17 Mar-18 12
Slide 13: Trading income has contracted y-o-y; Opex ratio has been steady
Trading income has contracted y-o-y; Opex ratio has been steady All figures in ` Crores Operating Revenue 3% YOY 7,742 7,616 7,519 7,125 7,325 428 824 200 215 377 50% YOY 2,585 2,176 2,393 2,573 2,208 0% YOY 4,729 4,616 4,540 4,732 4,730 0% YOY Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Net Interest Income
Slide 14: Core Operating Profit impacted by lower NII growth
Core Operating Profit impacted by lower NII growth All figures in ` Crores Core Operating Profit ^ 3,947 12% YOY 3,654 3,467 3,400 3,457 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 ^ computed as operating profit less trading profit Operating Profit and Operating Profit Margin* 16% YOY 4,375 4,291 3,777 3,854
Slide 15: Earnings impacted by one time provisioning requirement
Earnings impacted by one time provisioning requirement Net Profit 1,225 1,306 278% YOY 726 432 -2,189 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 15
Slide 16: Domestic NIM has been stable q-o-q
Domestic NIM has been stable q-o-q Cost of Funds 5.42% 5.24% 5.18% 5.08% 5.11% Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 NIM - Global NIM - Domestic FY18 NIM – 3.44% Q4FY18 NIM – 3.33% 4.11% 3.85% 3.71% 3.60% 3.59% 3.83% 3.63% 3.45% 3.38% 3.33% Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 16
Slide 17: About half of our advances have now migrated to MCLR
About half of our advances have now migrated to MCLR. MCLR rate moved up by 15 bps in Q4 Advances mix by Rate type Trend in 1 year MCLR (%) 18% 24% 29% 42% 34% 50% 57% 9.50 65% 69% 9.30 9.25 9.20 9.05 49% 8.90 43% 40% 36% 18% 29% 8.40 0% 11% 8.25 8.25 8.25 8.25 8.25 4% 17% 17% 17% 16% 16% 17% 19% 20
Slide 18: Overall fee income was flat on a y-o-y basis and up 9% q-o-q
Overall fee income was flat on a y-o-y basis and up 9% q-o-q All figures in ` Crores Fee Income 2,423 2,448 2,246 1% YOY 2,170 2,003 74% 74% 77% 75% 68% Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Granular fees (Retail + Transaction Banking Fee) as % of total fee income Fee Growth (YOY) Retail Transaction Ba
Slide 19: Retail and Transaction Banking now form 75% of the Bank's Fees
Retail and Transaction Banking now form 75% of the Bank’s Fees Fee Composition 18% 17% 18% 24% 21% 4% 5% 1% 6% 4% 4% 1% 6% 1% 2% 28% 27% 26% 26% 22% 75% 68% 29% 30% 30% 30% 30% 16% 19% 18% 19% 18% Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Retail (card) Retail (non card) Transaction Banking Treasury & DCM S
Slide 20: Business Segment performance
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 20
Slide 21: The Bank's strengths revolve around four key themes
The Bank’s strengths revolve around four key themes Best in class Retail Banking Partner of choice in Corporate franchise Banking State of the art products aided Offering full-service solutions to by cutting edge technology to SME businesses meet Payments solutions …with subsidiaries complementing t
Slide 22: Business Performance – Retail
Business Performance – Retail Summary • Retail Lending has shown strong growth with significant diversification in loan mix over time • Our identified “new growth engines” continue to drive loan growth • Analytics and internal customer sourcing are core to our strategy to drive Retail Assets growth
Slide 23: Retail Loans form the largest part of the Bank book and are well diversified
Retail Loans form the largest part of the Bank book and are well diversified All figures in ` Crores Retail Advances have shown strong growth… …with significant dispersion in mix over time 3% 26% CAGR* 2% 9% 9% 8% 9% 12% 6% 1% 2% 2% 3% 4% 3% 6% 2% 4% 7% 7% 8% 8% 6% 8% 206,464 11% 7% 8% 8% 10% 10% 8%
Slide 24: Our identified new engines continue to see disproportionate growth
Our identified “new engines” continue to see disproportionate growth Sourcing Strategy 71% of sourcing in Q4 was from existing customers 51% of overall sourcing was through Bank branches 81% Personal & Auto Loans Continuous traction driven through acquisition from digital channels and branches.
Slide 25: Granular Retail Fees have been a major revenue driver
Granular Retail Fees have been a major revenue driver (in ` Crores) Card Fees has steadily grown over time in Retail Retail Fees has shown strong growth Fee Mix 20% CAGR** 4,257 38% 37% 35% 37% 3,481 40% 44% 3,027 2,603 48% 25% 44% 29% 2,008 29% 40% 33% 33% 1,731 38% 30% 32% 31% 36% 38% 34% 26% 27%
Slide 26: Network expansion continues at a steady pace
Network expansion continues at a steady pace… New Branches Opened* 114 100 104 Why are we continuing to invest in Branches? 93 81 • India continues to be a growth economy • New customer acquisition is a larger growth driver than deepening of existing customer wallet share • Physical distribution con
Slide 27: …with focus on cost optimization and productivity
…with focus on cost optimization and productivity Branches per location Branch Area trend 100% 2 - 4 branches 8% 54% 5 - 10 48% branches 1 branch 1% 38% 89% >10 branches 2% Till FY13 FY14 + FY15 FY16 + FY17 FY18 There exists immense potential to Newer branches are smaller improve branch density in a
Slide 28: We have created a differentiated identity and are amongst the most valuable Brands in India
We have created a differentiated identity and are amongst the most valuable Brands in India Amongst Top10 most valuable brands in India CII Awards 2016 • Customer Obsession • Leveraging digital transformation to deliver superior customer experience Ranked #2 on Functionality in Forrester’s Mobile Ba
Slide 29: Business Performance – Digital Payments
Business Performance – Digital Payments Summary • Digital Payments are a key strategic thrust for the Bank • We have a strong position across most digital payment products • We are among the top 4 in Cards business, that continues to grow strongly • We rank amongst the top 3 players in Mobile Bankin
Slide 30: We have strong market position across most Digital Payment products
We have strong market position across most Digital Payment products Axis Bank Market Standing Across Products Product Debit Point of Sale Credit Mobile UPI4 Forex Cards1 Terminals ^ Cards2 Banking3 Cards Market share 7% 12% 16% 16% 17% 47% Ranking 4th 4th 3rd 2nd 1st Source: RBI, Internal Data 1 – b
Slide 31: Card Spends continue to show strong growth
Card Spends continue to show strong growth All figures in ` Crores Trends in Spends for Credit Cards in force Trends in Spends for Debit Cards in force 1% YOY* 54% YOY 8,606 8,722 8,678 7,958 7,564 13,167 11% YOY 11,725 22.3 9,915 34% YOY 22.1 9,520 8,551 21.5 4.5 4.2 3.8 20.9 3.3 3.5 20.2 Q4FY17 Q1
Slide 32: We are amongst the top players in Mobile banking spends and volumes
We are amongst the top players in Mobile banking spends and volumes (in ` Crores) Axis Bank Mobile Banking Spends and Volumes Mobile Transactions Market Share by Value Mobile transaction volumes (in mn) 158% YOY 99.8 State Bank of India 19.8% 85.7 Mobile Banking volume continue to remain strong led
Slide 33: Adoption of digital channels remains robust
Adoption of digital channels remains robust Transaction Mix* Digital 66% 67% 66% 66% 65% 26% 26% 26% 23% 21% ATM Branches 13% 8% 10% 9% 8% Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 * Based on all financial transactions by individual customers 33
Slide 34: Our customers continue to move their transactions to digital channels
Our customers continue to move their transactions to digital channels (Volumes in Million) During the quarter….. Digital transactions continue to outpace ATM transactions 58% of Bank’s active customers are Digitally active 86 90 83 84 81 77 83 77 76 70 69 71 70 42% of Mobile Banking customers bank 4
Slide 35: Investments in analytics have helped build and sustain this strong position
Investments in analytics have helped build and sustain this strong position Analytics on Payment data has enabled cross-selling of financial and investment products Deposits & Lending Investments Payments at the core Risk Management Cross-sell metrics remain healthy aided by big data led analytics o
Slide 36: We are leveraging UPI to attract non-Axis Bank customers
We are leveraging UPI to attract non-Axis Bank customers and broadbase payments Unified Payments Interface (UPI)… …Is a huge opportunity For Axis Bank India’s innovation to the Payments world 650 Mn Is for by 2020 Any Banked With a Customer Smartphone 10 Payments % Transactions ~870 Mn ~300 Mn ~150
Slide 37: The Bank has emerged as a leading partnership-driven innovator on payments
The Bank has emerged as a leading partnership-driven innovator on payments used cases Axis Pay UPI Axis OK Samsung Pay • Partnered with Amazon, BPCL, IOCL • No internet connectivity • Enabled for Credit & Debit Card across • 11.50 mn VPAs* across apps required Visa & Master Card • 190.38 mn UPI tran
Slide 38: The acquisition of Freecharge can potentially leapfrog our digital journey
The acquisition of Freecharge can potentially leapfrog our digital journey by multiple years Through we intend to… Leverage Payments Target digitally-native, Source and service loans as a Hook (UPI, QR mobile-first SA (PL, Cards, Consumer etc) customers Loans) digitally Post acquisition activities r
Slide 39: Business Performance - SME
Business Performance - SME Summary • SME loan growth continues to improve further • Focus remains on building a high rated SME Book 39
Slide 40: SME loan growth continues to improve, partly aided by a low base
SME loan growth continues to improve, partly aided by a low base All figures in ` Crores SME Loan growth Loan Mix 27% 19% YOY 19% 15% 58,740 10% 10% 49,172 17% YOY 45,476 38,846 54,884 58,740 49,172 47,918 52,718 28% YOY 10,327 13,264 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Mar-17 Mar-18 YOY Growth Term
Slide 41: Focus remains on building a high rated SME book
Focus remains on building a high rated SME book 88% of SME exposure* is rated at least ‘SME3’ • Our SME segment continues to focus towards lending to the Priority sector. 6% 6% 14% 16% • The Bank’ s SME Awards event “SME 100” acknowledges the best performers in the SME segment. It is aligned with th
Slide 42: Business Performance - Corporate
Business Performance - Corporate Summary • Rebound in Corporate loan growth driven by domestic working capital loans • Continued increase in share of transaction banking revenues • Significant reduction in concentration risk with incremental sanctions to better rated corporates • Leadership in DCM p
Slide 43: Corporate loan growth driven by Working Capital loans
Corporate loan growth driven by Working Capital loans… All figures in ` Crores Trend in domestic and overseas corporate loan growth (YOY) Working Capital loan growth has been strong 174,446 12% YOY 15% 15% 155,904 10% 63% YOY 56,028 34,332 6% 9% 3% 4% 3% 3% YOY 121,572 118,418 -6% -7% Q4FY17 Q1FY18
Slide 44: Higher transaction based business to better rated corporates
…resulting in higher transaction based business to better rated corporates All figures in ` Crores Steady growth in Transaction Banking fees 77% of corporate exposure* is rated ‘A’ or better 12% 13% 429 25% 577 372 26% YOY 447 34% 361 31% 30% 633 665 23% YOY 541 530 568 22% 18% 10% 5% Q4FY17 Q1FY18
Slide 45: Significant reduction in concentration risk with incremental sanctions to better rated corporates
Significant reduction in concentration risk with incremental sanctions to better rated corporates Incremental sanctions have been to Concentration Risk is reducing better rated corporates Percentage of sanctions rated A- & above Exposure to Top 20 single borrowers as a % of Tier I Capital 287% 85% 8
Slide 46: Concentration to stressed sectors has declined
Concentration to stressed sectors has declined All figures in ` Crores Outstanding1 as on Mar. 2018 Fund-based Exposure Non-fund based Exposure Total Exposure Rank Sectors Value (in % terms) Value (in % terms) Value (in % terms) 1. Financial Companies2 40,428 9.62% 17,087 15.77% 57,515 10.22% 2. Eng
Slide 47: We remain well placed to benefit from a vibrant Corporate Bond market
We remain well placed to benefit from a vibrant Corporate Bond market All figures in ` Crores Placement & Syndication of Debt Issues 74,887 Acted as arranger for some of the major PSUs and 62,043 21% YOY Corporates during the quarter. Ranked No. 1 arranger for rupee denominated bonds as per Bloomber
Slide 48: Asset Quality
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 48
Slide 49: Summary of Asset Quality position – Mar 2018
Summary of Asset Quality position – Mar 2018 • We significantly accelerated NPA recognition in the corporate lending book in Q4 • Most of the slippages (90%) came from the disclosed BB & Below pool • The vulnerable (BB & Below) pool reduced by 44% during the quarter, to Rs. 8,994 crores: 1.8% of gro
Slide 50: Slippages accelerated significantly in Q4
Slippages accelerated significantly in Q4. A large part of the stress in Power sector was recognized as NPA. Slippages were significantly accelerated in the quarter … … with most of the slippage coming from the Power sector Net Slippages Gross Slippages Corporate slippage in Q4, by sector 16,536 Pow
Slide 51: New NPA formation continued to be from the disclosed BB & Below pool
New NPA formation in corporate lending continued to be from the disclosed BB & Below pool, due to which … Proportion of Corporate slippages from BB & Below 120% 98% 100% 94% 93% 90% 91% 90% 80% 73% 73% 60% 40% 20% 0% Q1FY 17 Q2FY 17 Q3FY 17 Q4FY 17 Q1FY 18 Q2FY 18 Q3FY 18 Q4FY 18 51
Slide 52: The pool of vulnerable assets has reduced significantly
… The pool of vulnerable assets has reduced significantly All figures in ` Crores Low Rated Corporate portfolio Outstanding under restructuring (BB and Below) dispensations* 30000 8.0% 7.3% 30,0 00 8.0 % 7.0% 25000 7.0 % 25,0 00 5.6% As a % to Gross Customer Assets 6.0% 5.3% 6.0 % 20000 4.7% 5.0% 20
Slide 53: Vulnerable pool in the non-NPA portfolio has reduced to 1/5th of its peak
Vulnerable pool in the non-NPA portfolio has reduced to 1/5th of its peak level All figures in ` Crores Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Net Customer Assets (NCA) 3,59,741 3,70,526 3,83,987 3,79,853 4,09,708 4,25,355 4,50,854 4,60,164 4,87,979 Stress already recognized
Slide 54: Net NPA + Net Restructured assets ratio remains stable
Net NPA + Net Restructured assets ratio remains stable Gross and Net NPA ratio Net NPA + Net Restructured Assets ratio 6.77% 0.84% 0.22% 5.90% 5.28% 5.04% 5.03% 1.25% 0.76% 1.32% 3.40% 3.12% 2.56% 2.30% 2.11% 3.40% 3.12% 2.11% 2.30% 2.56% Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Mar-17 Jun-17 Sep-17 Dec-1
Slide 55: We have retained high Provision Coverage during the quarter
We have retained high Provision Coverage during the quarter Credit Cost (Annualised) Provision Coverage Ratio 66% 65% 65% 65% 6.73% 64% 60% 60% 4.09% PCR to be maintained in the 60-65% range 3.61% 3.16% 1.95% 2.33% 1.73% Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Sep-16 Dec-16 Mar-17 Jun-17 Se
Slide 56: Our long term average credit cost has been ~110 bps
Our long term average credit cost has been ~110 bps Trend in Credit Cost : FY03 to FY18 We continue to expect normalization in credit costs by the second half of FY19 3.57% 2.82% 2.30% 1.35% 1.11% 0.99% 1.11% Long Term Average* = 110 bps 0.50% 0.61% 0.70% 0.54% 0.61% 0.62% 0.61% 0.02% 0.21% FY03 FY0
Slide 57: Shareholder Returns and Capital Position
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 57
Slide 58: Shareholder return metrics have seen moderation
Shareholder return metrics have seen moderation Return on Assets (in %) Return on Equity (in %) 1.83 18.23 18.57 1.78 1.72 17.49 0.65 7.22 0.04 0.53 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 Diluted EPS (`) Book Value Per Share (`) 34.93 247 30.85 223 233 26.45 188 163 15.34 1.12 FY14 FY15 F
Slide 59: Capital Ratios remain healthy to pursue growth opportunities
Capital Ratios remain healthy to pursue growth opportunities Trend in Capital Adequacy Ratio RWA to Total Assets 162 bps YOY 18.00% 16.63% 16.32% 16.57% 14.95% ~ # 3.87% 3.53% 80% 4.03% 3.96% 79% 78% 77% 3.08% 75% 14.13% 12.60% 12.36% 13.04% 11.87% 11.13% 11.15% 10.95% 12.71% 11.68% Mar-17 Jun-17* S
Slide 60: Movement in Tier 1 Capital Adequacy Ratio
Movement in Tier 1 Capital Adequacy Ratio ** # ** ** ~ 1.68% 0.05% 11.68% 11.13% # 0.74% 0.43% Mar-17 RWA for growth Seasonal/ Equity raising Profit Mar-18 one off Unfavourable Favourable 60
Slide 61: Subsidiaries' Performance
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 61
Slide 62: Key Subsidiaries' Performance - FY18 PAT
Key Subsidiaries’ Performance - FY18 PAT Holding of 100% 100% 100% 75% the Bank % `209 Cr ` 139 Cr ` 60 Cr ` 43 Cr 27% 23% 15% 24% 62
Slide 63: Axis Finance: Strong growth in loan book and profits
Axis Finance : Strong growth in loan book and profits All figures in ` Crores Strong growth in Loan Book 6,624 54% YOY 4,292 3,104 2,095 1,104 FY14 FY15 FY16 FY17 FY18 Growth in Income and PAT has been steady 722 575 373 25% YOY 224 209 165 111 76 78 27% YOY 33 FY14 FY15 FY16 FY17 FY18 Income PAT 63
Slide 64: Axis Capital: Continues to maintain its leadership position
Axis Capital : Continues to maintain its leadership position All figures in ` Crores FY18 Ranking - based on IPO FY18 Ranking based on IPO, QIP, Rights, OFS & IPP Rank Banker No of deals Rank Banker No of deals 1 Axis Capital 19 1 Axis Capital 31 2 Edelweiss 12 2 SBI Caps 29 3 SBI Caps 12 3 ICICI Se
Slide 65: Axis Securities: Significant growth in customer additions
Axis Securities : Significant growth in customer additions All figures in ` Crores Trend in customer base (in mn) 1.84 33% YOY 1.39 1.00 0.68 0.44 FY14 FY15 FY16 FY17 FY18 Trend in PAT 15% YOY 60 52 44 36 14 FY14 FY15 FY16 FY17 FY18 65
Slide 66: Axis AMC: Consistently gaining market share
Axis AMC : Consistently gaining market share All figures in ` Crores Average AUM has shown strong growth 70,902 45% YOY 48,829 33,163 23,483 13,939 FY14 FY15 FY16 FY17 FY18 Trend in PAT 57 24% YOY 43 * 32 8 2 FY14 FY15 FY16 FY17 FY18 * Total income has grown 42% YOY. PAT has declined YOY on account
Slide 67: A.TReDs: The Invoicemart product continues to be a market leader
A.TReDs: The Invoicemart product continues to be a market leader Axis Bank was 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 TReDS is an electronic platform that connects MSME sellers
Slide 68: Other important information
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 68
Slide 69: Treasury Portfolio and Non-SLR Corporate Bonds
Treasury Portfolio and Non-SLR Corporate Bonds Investment Bifurcation Book Value* (` Crores) Category Proportion Government Securities1 104,053 Held Till Maturity (HTM) 59% Corporate Bonds2 30,863 Available For Sale (AFS) 30% Others 18,960 Total Investments 153,876 Held For Trading (HFT) 11% * as on
Slide 70: Movement in NPA's
Movement in NPA’s All figures in ` Crores Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Gross NPAs - Opening balance A 20,467 21,280 22,031 27,402 25,001 Fresh slippages B 4,811 3,519 8,936 4,428 16,536 Upgradations & Recoveries C 2,804 306 1,048 4,008 3,401 Write offs D 1,194 2,462 2,517 2,821 3,887 Gross NPA
Slide 71: Shareholding Pattern (as on March 31, 2018)
Shareholding Pattern (as on March 31, 2018) General Insurance Others Corp & Others 11.11% 2.87% Life Insurance Foreign Institutional Corporation Investors 13.62% 47.66% SUUTI 9.87% GDR's 4.49% Indian Institutions 10.38% Share Capital `513 crores Shareholders’ Funds `63,445 crores Book Value Pe
Slide 72: Major awards won by the Bank and its subsidiaries
Major awards won by the Bank and its subsidiaries • Best use of Analytics for Business Outcome Most Innovative Emerging Customer Service Excellence • Best use of Digital and Technologies Project, India Award for Transformation Channels Technology - Ripple Blockchain project Excellence in Corporate D
Slide 73: Thank You
Thank You 73