Axis Bank Limited · NSE:AXISBANK
Axis Bank — Q4 FY2024 Earnings Presentation
104 slides from Axis Bank's earnings presentation, April 2024
Slide 1: Investor Presentation Quarterly Results Q4FY24
Investor Presentation Quarterly Results Q4FY24 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB
Slide 2: Axis Bank at a glance
Axis Bank at a glance 3rd ~ 48 mn 1,04,000+ 5,377 Axis Bank Employees Branches* largest Private Bank in India Customers 5.5% 5.0% 5.9% 14.0% Market Share Assets 1 Deposits 1 Advances 1 Credit Cards 2 Profitability 19.29% 4.06% 2.95% 2.55% Consolidated ROE (FY24) Net Interest Margin 3 Operating Profi
Slide 3: Our House of GPS remains relevant, strengthened with distinctiveness
Our House of GPS remains relevant, we have strengthened it with distinctiveness and identified focus themes to take charge Identified areas of distinctiveness Sustained, Consistent Financial Outperformance with focus on Customer Obsession Deliver world class customer experience led by project Sparsh
Slide 4: Consistent execution on our GPS strategy positions us well for the future
Consistent execution on our GPS strategy positions us well for the future A Resilient, all-weather franchise GPS commitments have been delivered… i. Lifted the growth trajectory across business segments ii. Delivered aspirational return ratios with better quality and consistency of earnings iii. Cor
Slide 5: Delivered GPS commitments
A Delivered GPS commitments.... FY19 FY24 Advances mkt share 4.9% 5.9% Incremental market Deposits share of 6.6% and 6.1% mkt share 4.3% 5.0% in advances and Growth (1) (2) deposits for the last 5 Operating 8% 17% years Revenue growth Cons ROA 0.66% 1.84% Return on investment in Cons ROE 8.58% 19.29
Slide 6: Consistent improvement in shareholder return metrics
A … and along with consistent and robust improvement in shareholder return metrics Trend in Consolidated ROA and ROE 2.00% 1.8% 1.8% 1.80% 1.60% 1.3% 1.40% 0.7% 1.20% 1.00% 0.80% Consolidated ROA 0.60% 0.40% 0.2% 0.20% 0.00% 18.8% 19.3% 13.7% 8.2% Consolidated ROE 2.7% FY20 FY21 FY22 FY23 * FY24 Qua
Slide 7: Delivered significant improvement in quality of deposit franchise
A Delivered significant improvement in the quality of our deposit franchise We have grown deposits faster than the industry… … CASA to average assets ratio is the best amongst the peers… 15% 32.0% 11% 30.0% 26.0% Last 5 yrs CAGR CASA to Average Assets Industry Axis Peer 1 Peer 2 Axis Bank Source: RB
Slide 8: Lifted growth momentum across risk adjusted, higher yielding segments
A Lifted growth momentum across our risk adjusted, higher yielding segments 50% Retail Segment SBB, 43% 45% 40% 35% Business Segment wise Credit Cards, 29% 25% 30% Rural loan , 25% CAGR (since FY20) in Focus 25% LAP, 23% business segments Retail , 19% 25% SME, 19% 20% 20% Personal loan , 16% 15% Hom
Slide 9: Sustained execution consolidating position across businesses
A Sustained execution resulting in consolidation of our position across various businesses Credit cards CIF Market Share Burgundy AUM CASA deposits In Mn ` trillion 50% YOY ` trillion 32% CAGR 5.37 14% CAGR 4.6 14.0% 12.7% 2.4 1.33 Mar'19 Mar'24 FY19 FY24 Mar'19 Mar'24 4th largest Credit Card player
Slide 10: Structurally improved NIMs while maintaining credit RWA
A Structurally improved NIMs, while maintaining credit RWA… (1) Structurally improved NIM trajectory… …led by key business drivers 4.07% 4.02% Retail & SME as % of loan book 71% 3.51% 3.53% 62% 3.43% 24 bps 3.47% Improvement in NIMs NIMs through cycle ** Mar-20 Mar-24 FY19 FY20 FY21 FY22 FY23 FY24 N
Slide 11: Strong growth in granular fees
A … and strong growth in granular fees which is among the best in industry Improved the fee profile significantly in last few years Granular* Fee 1.35% to Avg Assets 1.20% 1.18% 1.17% 1.10% 1.02% FY19 FY20 FY21 FY22 FY23 FY24 ~93% ~600 bps 19% Share of granular Retail & Improvement in proportion of
Slide 12: Core strengthened, strong balance sheet and next generation tech
A Core strengthened, with strong balance sheet position and next generation tech architecture Strong Balance Sheet ~383 bps ~1700 bps 1.26% Reduction in Gross NPA Improvement in PCR Cumulative provisions as % of ratio since Mar’19 since Mar’19 overall book (as of Mar’24) Healthy Capital 13.74% 44 bp
Slide 13: Partnerships as a channel to augment customer base
B Partnerships as a channel has significant potential to augment our customer base We have 100+ Partnerships across Platforms and Ecosystems Aggregators Mobility E-commerce Telecom Enablers Neo-Banks Remittance Platforms APIs hosted on Bank’s 410+ 285+ 25+ API Developer Portal Total APIs Retail APIs
Slide 14: Multiplicative forces through One Axis, partnerships and new age tech
B Multiplicative forces through unification of One Axis, partnerships and new age tech platforms gives the right to win Digital 2.0. Partnerships One Axis `1,591 Cr Combined PAT for operating Retail domestic subsidiaires Assets 64,550+ Wholesale Retail Bharat Banking Common Service Centre Village Ba
Slide 15: Integration of acquired Citi Consumer Franchise on track
B Integration of acquired Citi Consumer Franchise remains on track Apr ‘22 Jul ‘22 1st Mar '23 H1 FY25 Announcement of LD1 LD2 CCI approval merger Legal merger System integration • The ex-Citi colleagues have welcomed the opportunity to take on larger responsibilities (1) • The portfolio metrics tre
Slide 16: Axis well positioned to capitalize on India's growth story
B Axis continues to be well positioned to capitalize on India’s growth story Manufacturing surge GDP share to increase to 25% by 2025 Revival in capex / investment cycle Innovation India emerging as a leader in Investment to GDP ratio has bottomed, and Wholesale & set to rise to 34% by 2030 FinTech
Slide 17: open by Axis Bank continues to deliver strong growth
C open by Axis Bank continues to deliver strong growth, as we remain ahead of the curve on new innovations 133 100 1st To go live on Account Aggregator framework Deposits FY23 FY24 1st 174 Bank to launch (1) CBDC merchant app 100 Loans 1st FY23 FY24 Bank to go live on RBI Tech platform(2) offering C
Slide 18: Sparsh, our Customer Obsession program
C Sparsh, our Customer Obsession program, is committed to delivering Smart Banking by improving institutional capabilities across the Bank Sparsh embedded across all customer touchpoints, Sparsh is committed to deliver Smart Banking: Industry-first LIVE processes & metrics Initiatives Getting more c
Slide 19: Inherent strengths in Bharat Banking give right to win in RuSu markets
C Inherent strengths in Bharat Banking, gives us the right to win in RuSu markets 2,480+ 64,550+ 80+ Large and deep distribution Bharat Banking branches Common Service Centre Village Partners as of Mar 2024 level entrepreneurs Delivered strong growth at 30% 30% 12% current scale YOY growth in Rural
Slide 20: We have a distinctive people proposition
C We have a distinctive people proposition Building an Internal Talent Marketplace 5X the internal mobility 20% of movements saw promotions thrive Significant impact on advocacy and attrition Strengthening the talent pipeline AbLE ABYB ASA ARISE ASPIRE Axcept + more campus and skill factories Increa
Slide 21: ESG focus continues to have Bank-wide sponsorship
C 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 Above 80th percentile among global banks on DJSI in 2023 Environmental Social
Slide 22: Executive Summary
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 22
Slide 23: Major highlights
Major highlights FY24 PAT at `24,861 crores up 160% YOY, FY24 NIM at 4.07% up 6 bps YOY; Consolidated ROA at 1.84%, up 99 bps YOY; Consolidated ROE at 19.29% up 1,003 bps YOY ; aided by balanced deposit and loan growth of 13% and 14%, respectively • Net Interest Income grew 11% YOY and 4% QOQ, Net I
Slide 24: Key metrics for Q4FY24
Key metrics for Q4FY24 Snapshot (As on 31st March 2024) Deposits Advances Absolute (₹ Cr) QOQ YOY Growth (a) (c) 13% YOY 14% YOY (b) Q4FY24 Q3FY24 FY24 Q4FY24 Q4FY24 FY24 16% YOY 15% YOY (d) Net Interest Income 13,089 12,532 49,894 4% 11% 16% Fee Income 5,637 5,169 20,257 9% 23% 28% Profit & 29% Los
Slide 25: Financial Highlights
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 25
Slide 26: Deposit and Loan growth performance
Deposit and Loan growth performance All figures in ₹ Billion Deposit mix (QAB)^ QAB MEB Segment loan mix YOY QOQ QOQ Loan growth (gross of IBPC sold) at 15% YOY & 4% QOQ YOY QOQ 9,924 16% 5% 6% 9,468 9,002 9,111 8,524 9,651 14% 4% 2,437 9,323 2,150 34% 13% 5% 8,973 1,913 1,919 (24%) 8,453 8,585 3% 3
Slide 27: Operating revenue up 20% YOY and 10% QOQ, PAT up 17% QOQ
Operating revenue up 20% YOY and 10% QOQ, PAT up 17% QOQ All figures in ₹ Crores Operating revenue Operating expense YOY QOQ 28% 34% 32% 27% 14% 19,855 20% 10% Opex YOY (b) 17,349 18,087 (b) 9,319 16,530 17,046 growth (b) 8,717 (b) 8,946 (a) 8,232 6,766 41% 22% 7,362 5,087 5,034 5,555 4,788 6,107 6,
Slide 28: Net interest margin improved 5 bps QOQ
Net interest margin improved 5 bps QOQ Advances mix by rate type Cost of Funds MCLR Duration Split 30% (Mar-24) 2% 1% ~ 70% of loans floating 5.35% 5.43% 4% 1M, 5.17% 5.03% 1% 4.75% 13% 3M, 2% 4.34% 12M, 7% 4.09% 3.77% 3.83% 3.89% 50% 6M, 3% Repo linked MCLR linked Other EBLR* Q3FY22 Q4FY22 Q1FY23 Q
Slide 29: Structural NIM drivers continue to show improvement
Structural NIM drivers continue to show improvement 1 3 Improvement in composition reflected Improvement in balance sheet mix 2 Reducing share of low yielding RIDF bonds through improvement in average CASA% Retail & SME as % of loan book 71% As a % to total assets 67% 68% 62% 64% 5.1% 4.7% 3.5% 2.3%
Slide 30: Strong growth in fees; granularity built across segments
Strong growth in fees; granularity built across our business segments All figures in ₹ Crores Retail Banking fees 33% YOY Retail fee mix 12% QOQ 45% 42% 40% 4,159 23% 21% 27% ^ 19% 19% 17% 18% 3,698 15% 14% 3,494 3,119 3,146 TPP Retail Cards & Payments Retail Assets excl cards & Retail Liabilities &
Slide 31: Cost growth at 27% YoY; integration expenses contribute 3%
Cost growth at 27% YoY; integration expenses contribute 3% to YoY growth; continue to invest in technology and growth related businesses YoY Incremental Opex in Q4FY24 was led by Growth Business (2%) 51% 40% 11% and Integration related expenses 225 782 Incremental YOY cost break up (Rs 1,957 Crore)
Slide 32: Capital and Liquidity Position
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 32
Slide 33: Strong capital position with adequate liquidity
Strong capital position with adequate liquidity 2.36% 1.92% (1) Bank’s Capital Adequacy Ratio 0.72% 14.02% 13.74% 19.12% 18.54% Organic net accretion 17.64% 17.53% 16.63% to CET-1 of 44 bps in 15.84% 3.72% 3.30% 3.62% FY24 4.19% 2.89% 15.40% 15.24% 4.57% 14.02% 13.74% 13.34% 11.27% CET-1 Mar'23 Accr
Slide 34: Business Segment Performance
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 34
Slide 35: Retail Banking
Retail Banking ~45 Mn 4th `5.37 T n Individual Largest issuer of AUM in wealth customers Credit Cards management 20% 30% 60% YOY growth in YOY growth in Share of Retail advances Rural advances Advances~ 10% 43% 74% YOY Growth in SA CASA ratio Share in QAB* deposits (MEB**) total fee^ ~ share in Bank
Slide 36: Deposit franchise growing faster than industry
Deposit franchise continues to grow faster than the industry with improvement in quality and composition… We have grown faster than industry consistently in the medium to long term… …with improvement in the quality of deposits… …while delivering healthy CASA levels and reducing borrowings ~500 bps r
Slide 37: 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 31% CAGR in Burgundy 21% YOY growth in new 64K+ extensive distribution Project NEO aiding higher 52%
Slide 38: Retail Term deposit growth continues to gain traction
Retail Term deposit growth continues to gain traction All figures in ` Crores 17% 17% 15% 14% 15% 11% 12% YOY Growth 8% 6% 4% 1% 0% -1% 3,55,623 3,39,262 3,32,025 3,18,484 3,03,706 2,90,519 2,90,423 2,89,910 2,88,076 2,86,612 2,85,482 2,82,925 2,75,607 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-2
Slide 39: Leading player in India's Wealth Management space
The Bank is a leading player in India’s Wealth Management space Overall Burgundy AUM^ has grown strongly 31% CAGR* 50% YOY 5.37 Burgundy Private 3.57 adjudged as “Best Private Bank” for 2.61 Client Acquisition, 2.13 Asia 1.23 1.33 1.47 0.79 5th Annual Wealth Tech Awards Mar-17 Mar-18 Mar-19 Mar-20 M
Slide 40: Rs 5.8 trillion Retail loan book well diversified
`5.8 trillion Retail loan book remains well diversified Retail book ~ 72% of our retail book is secured (1) (in ₹ Billion) in Rs Crores Mar-24 QOQ YOY % Prop Retail disbursement trends and mix Home Loans 1,65,899 2% 5% 28% 25% 25% 25% 24% 22% 27% Rural loans 91,866 15% 30% 16% 20% 21% 23% YOY Unsecu
Slide 41: Growing Personal loan book within defined guard rails
We continue to focus on growing Personal loan book within the defined guard rails 7.4% 7.1% 6.4% 6.4% 6.5% 100% of Personal loans given to Salaried segment 71,592 45,242 54,561 5.2% 39,744 39,370 16% CAGR# Axis Bank’s closing market share in Personal loans as of Mar’24 Mar'20 Mar'21 Mar'22 Mar'23 Ma
Slide 42: Small Business Banking well diversified and growing strongly
Small Business Banking segment is well diversified and continues to grow strongly… SBB Portfolio (in `Cr.) Well diversified customer base • `57,219 crores overall book with Business Loan book of 33% YOY 7% QoQ `14,724 crores • ~73% value contribution from Secured products (working 57,219 capital, ov
Slide 43: Innovative product offerings and transformation initiatives
…led by our innovative product offerings and transformation initiatives SBB Equipment Finance ➢ Loans up to 10Cr for Industrial & Health Care Equipment Industrial Machine Tools Plastic Injection Packaging Printing Healthcare Diagnostic Therapeutic Imaging Pathology Life support One Axis approach • P
Slide 44: 'Bharat Banking' strategy delivering early results
‘Bharat Banking’ strategy delivering early results ▪ 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 overall PSL strategy meaningfully Focus on building
Slide 45: Rural portfolio well diversified
Rural portfolio is well diversified, offering holistic and integrated financial solutions by leveraging technology and partnerships Well diversified rural lending portfolio with … focused on capitalizing opportunities in each … and leveraging technology and partnerships presence across 683 districts
Slide 46: Strong growth in Credit Card issuances
Strong growth 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 ~1mn+ cards issued for 9th consecutive quarter In million 1.21 1.26 1.24 1.11 1.13 1.11 0.99 1.04 1.04 Pre-covid quarterly avera
Slide 47: 4.13 mn CIF for Flipkart Axis Bank Credit Card
End to End Digital KTB acquisition journey with best in class early activation and spend metrics for Flipkart Axis Bank Credit Card Customer clicks on Customer fills up the Flipkart Axis Bank form and submits the Credit card banner application and can view details 4.13 mn CIF for Flipkart Axis Bank
Slide 48: Retail spends up 51% YOY
Retail spends up 51% YOY, and related market share up ~158 bps YOY All figures In ₹ Cr Trend in Credit Card spends market share Trend in Debit Card spends Overall Q4FY24 CC spends ` 58,587 Crores YOY 12.3% 50% 11.5% 11.8% 11.8%* 11,457 11,415 11,110 1.2% 43% 10,707 10.1% 1.3% 1.1% * 1.2% 10,253 1.0%
Slide 49: Largest Merchant Acquiring Bank led by One Axis focus
We are the largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities and partnerships One Axis approach – Taking Bank to Merchant Market share in POS terminals Curated solution offerings : Payment solutions, Deposits, Business loans, Gold Loans and other customer fit len
Slide 50: Empowering merchants through integrated ecosystem solutions
Empowering merchants through Integrated Ecosystem solutions Soundbox PIN on Glass POS Solution Android POS with Features advanced solution Features • Instant audio confirmation of payments done via BQR • One of the most compact and affordable POS device in the market • Multilingual support for 10 la
Slide 51: Well distributed branch network
We have a very well distributed branch network; added 475 branches in FY24 of which 125 in Q4FY24 Axis Virtual Centre Domestic branch network* Branch presence across categories 5,377 ~3.9 mn 4,758 4,903 17% Customer 6 4,528 4,594 connect ^ Centers 31% ~1590 Virtual RMs 29% 23% Mar-20 Mar-21 Mar-22 M
Slide 52: Corporate & Commercial Banking
Corporate & Commercial Banking 6% 17% 22% YOY growth in Domestic YOY growth in YOY growth in corporate loans SME loan book Mid Corporate book 13% 89% 88% YOY growth in Share of corporate Incremental sanctions Transaction Banking Fees advances to clients to A-and above** (for FY24) rated A-and above
Slide 53: Recognized at Coalition Greenwich Awards
Recognized at the Coalition Greenwich Awards for 3rd consecutive year Market Penetration - Local Banks Market Penetration - Local Banks 2023 Greenwich Excellence Awards for Indian Large Corporate Banking Indian Middle Market Banking Indian Middle Market Banking • Effective Senior Management Support
Slide 54: Relationship led franchise driving synergies across One Axis
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 55: 89% of the book rated A- and above
…with 89% of the book rated A- and above Corporate Loans 89% of the corporate loan book is Incremental sanctions to corporates rated A- or better rated A- & above YOY 3% 2,77,086 (a) 2,68,334 7% 26,793 2,32,582 32,299 17% 12% 11% 11% 2,24,062 15% 32,287 44,741 2,36,035 2,50,293 6% 88% 89% 89% 85% 94
Slide 56: Overseas Corporate loan book is 98% India linked
Overseas Corporate loan book is 98% India linked • 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) Overseas corporate loan book Funding is primarily
Slide 57: Strengthened proposition as a Transaction Bank
We have strengthened our proposition as a Transaction Bank Current Account Digital Adoption 71% Current Account customers 18% QOQ growth in Current Account period registered for internet/mobile banking end Balances (Q4FY24) Foreign LC Market Share TxB, Forex & Trade related fees Increase in Market S
Slide 58: neo by Axis Bank delivering quality outcomes
neo by Axis Bank, our umbrella industry-leading digital initiative, is delivering quality outcomes Transformational Impact of Neo reflected Thought Leadership & Client Impact in the strong product-market fit • Wide base of successful client implementations from large Payment Aggregators to industria
Slide 59: Neo for Business and Neo for Corporates
… along with empowering businesses with Neo for Business and Neo for Corporates Introducing neo for corporates : Tailored neo for Business, Axis’ MSME proposition launched in internet banking for large enterprises & complex Sep’23, is getting scaled up with ~ 60000 customers onboard solutions 3.8X g
Slide 60: Industry-wise Distribution (Top 10)
Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on 31st Mar’24 Total Rank Advances Investments Non-fund based Sectors Value (in % terms) 1. Financial Companies2 73,939 49,736 26,169 1,49,844 12.51% 2. Engineering & Electronics 18,710 3,230 38,165 60,105 5.02% 3. Infrastru
Slide 61: Business Performance Commercial Banking
Business Performance Commercial Banking
Slide 62: Strong growth in SBB+SME+MC book
Strong growth in SBB+SME+MC book despite tightening our risk standards 22% 20% 18% 15% 14% 28% CAGR*# 28% CAGR# in combined MSME, MC and 46,401 37% CAGR# SBB segment since Mar’20 38,078 26,481 19% CAGR# 1,04,718 17,148 89,398 13,117 59,034 75,223 11.2% 51,620 42,982 57,219 43% CAGR# Axis Bank’s Incr
Slide 63: Commercial Banking benefitting from technology led transformation
Commercial Banking business benefitting from technology led transformation • 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 CBG Advances New to Ba
Slide 64: SME lending book is well diversified
SME lending book is well diversified Book by Loan size Well diversified Geographical mix Well diversified Sectoral mix 16% 15% 15% 26% 18% 9% 33% 10% 18% 3% 8% 27% 3% 11% 2% 3% 6% 22% 2% 11% 4% 4% 17% 4%4% 4% 5% Trade Retail and Wholesale Food and Beverages Textile Engineering Others West 1 West 2 P
Slide 65: Digital Banking
Digital Banking 96% 87% 79% 70% 74% 53% Digital Credit cards Individual RTDs New SA New MF SIP PL disbursed transactions1 issued2 (FY24) volume (FY24) acquisition3 volume (FY24) (end-to-end digital) (in FY24) D2C products 250+ 300+ 4.8 @ ~14 Mn 139k+ 3500+ Employee tool Mobile App Mobile Banking Dev
Slide 66: 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 - Distinctive In-house Digital Capability across People, Tech & Processes Acquire New Customers at Scale - 79% of retail individual TDs acquired digitally * Become a Digital Consumer Lending Powerh
Slide 67: Proprietary, distinctive, digital native capabilities
A Proprietary, distinctive, digital native capabilities 1 Team 2 Design capabilities 3 Engineering and technology Agile product development lifecycle Continuous deployment 2400+ SUBZERO People dedicated to digital agenda Axis Bank’s DESIGN SYSTEM Modular micro-services based architecture ~350 ~400 ~
Slide 68: Leadership in technology with several industry firsts
A Leadership in technology with several industry firsts… 1st 1st 1st Indian Bank to be ISO Indian Bank to roll-out MS Indian Bank to launch certified for its AWS GenAI Co-pilot BBPS for B2B and Azure Cloud security 7000+ 75M 810 WAN Links Upgraded Daily API Hits Best-in-class BitSight (a) rating in
Slide 69: Best-in-class personalization and alternate data
A Built best-in-class personalization capability and are leveraging alternate data to scale up our customer centric franchise Personalization Partnership and digital public Modern data and tech infra led lending growth infrastructure Combination of Data Science + Lending decisions backed by Strong d
Slide 70: World's highest rated Mobile Banking App
B Distinctive customer experience : World’s highest rated Mobile Banking App, doubling up as our largest branch Store Rating Bank on-the-go with ‘open’ 4.8 Hyper personalized | Intuitive | Seamless 4.8 Highest rating of 4.8 on Google Play Store with 2.6 mn+ reviews across 64 global banks, 82 fintech
Slide 71: Distinctive customer experience: redesigned FD journey
B Distinctive customer experience: redesigned FD journey Best in class 3 click FD journey Customised options for Cross-selling OD against FD selecting tenure during premature closure journey Option to enter deposit name, employee code and default re- invest Quarterly Results Q4FY24 71
Slide 72: Hyper personalised nudges
B Distinctive customer experience: Hyper personalised nudges Regulatory and Servicing Cross sell and upsell Payment and investment Quarterly Results Q4FY24 72
Slide 73: Scaling up Account Aggregator based use cases
C We continue to scale up Account Aggregator based use cases Recently launched ‘One View’ on Axis Mobile Multiple use cases live in asset onboarding journeys Small Business Personal Loan Auto Loan Loan Peer Bank 1 Peer Bank 2 Two-Wheeler Credit Cards Home Loan Loan 71% 117% • Consolidated balances f
Slide 74: New products driven by our OPEN philosophy
C We continue to introduce new products driven by our OPEN philosophy… Personal loans Central Bank Digital KCC Digital Gold loans Bill Pay on Flipkart Digital Currency NEW NEW NEW NEW REDESIGNED Quarterly Results Q4FY24 74
Slide 75: Significantly scaling up existing products
C …while significantly scaling up existing products 24x7 Personal loan 24x7 Auto loan Digital FD Cards portfolio Forex Card 24x7 Personal loan 58% 31% 57% 74% 83% Share of PL disbursed digitally* YOY increase in Auto loans YOY increase in retail individual Cross sell / Up sell digitally Share of For
Slide 76: UPI has scaled up tremendously
C 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 infrastru
Slide 77: Asset Quality
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 77
Slide 78: Declining gross NPA, slippages and credit costs
Declining gross NPA, slippages and credit costs; stable asset quality visible across all segments GNPA at 1.43% & NNPA at 0.31% Segmental composition Retail CBG WBG Total 64%^ 72%^ 93%^ 79%^ 2.02% 1.96% 1.73% 1.58% 1.43% 1.18% 1.98% 0.39% 0.41% 0.36% 0.36% 0.31% 1.43% 0.42% 0.93% 0.14% 0.31% 0.26% Q
Slide 79: Legacy asset quality issues adequately addressed
Legacy asset quality issues adequately addressed Overall Credit Costs: FY10 to Q4FY24 3.57% 3.53% Trend in BB corporate book Credit Cost 7.29% (Fund based as % of GCA) 2.82% Net Credit Cost 2.78% 1.91% 2.15% 1.32% 1.87% 0.28% 1.89% 1.35% Long term (FY03 to FY23) 1.56% 1.68% Jun'16 Mar'19 Mar'24 1.11
Slide 80: Detailed walk of NPAs over recent quarters
Detailed walk of NPAs over recent quarters All figures in ₹ Crores Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Gross NPAs - Opening balance A 19,961 18,604 18,158 16,757 15,893 Gross NPAs acquired from Citi B 396 - - - - Fresh slippages C 3,375$ 3,990 3,254 3,715 3,471 Upgradations & Recoveries D 2,699 2,305
Slide 81: Sustainability
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 81
Slide 82: Ranked 1st in Corporate Governance among financial sector peers
Ranked 1st in Corporate Governance among the financial sector peers Indian Corporate Governance rating across various metrics 1st Ranked No. 1 in corporate 77 5th Rank 74% governance scorecard in the Responsibilities of the financial sector Governance Score 4% of companies in the board S&P BSE 100*
Slide 83: Committed to Positive Climate Action and 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 Progress As of March
Slide 84: Striving for Operational Excellence
Striving for Operational Excellence Committed to reducing our operational carbon footprint The Bank’s 3 largest offices, in Mumbai and Bangalore are running on 100% renewable power Solar energy project implemented at Solapur, aggregating ~2 MW, which helped save ~2,584.90 tCO2e of carbon emissions d
Slide 85: Subsidiaries' Performance
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 85
Slide 86: Significant value creation in key group entities
Significant value creation happening in our key group entities Detailed One Axis presentation Link 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 3rd
Slide 87: Axis Finance: PAT up 28% YOY
Axis Finance : PAT up 28% YOY, Retail book up 51% YOY Growth in Assets under Finance (AUF) 32,123 42% CAGR** All figures in ₹ Crores, other than % 709 38% YOY Major Highlights 23,340 • 51% YOY growth in Retail book, retail mix up ~395 bps YOY to 45% 14,337 811 (45%) 17,261 9,495 • 31% YOY growth in
Slide 88: Axis AMC: Revenue up 10% YOY
Axis AMC : Revenue up 10% YOY All figures in ₹ Crores, other than % Overall QAAUM 19% CAGR* Equity QAAUM 28% CAGR* 14% YOY 20% YOY 2,74,265 2,59,818 1,64,981 2,41,415 1,43,546 1,37,074 1,96,549 98,822 1,38,402 61,968 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 * CAGR for pe
Slide 89: Axis Capital: Leading player in Equity Capital Markets
Axis Capital : Among the leading players in Equity Capital Markets FY24 Ranking* (includes IPO, FPO, QIP, REIT, OFS & Rights) Major Highlights Rank Banker No of Deals* 1 Peer 1 54 • 90 IB deals closed in FY24 that include 52 ECM and 7 M&A deals 2 Axis Capital` 39 • 2nd rank in ECM deals 3 Peer 3 42
Slide 90: Axis Securities: PAT up 48% YOY
Axis Securities : PAT up 48% YOY Total customer base (in mn) 12% YOY 3rd largest bank led retail brokerage in terms of customer base 21% CAGR* Major Highlights 5.45 4.86 4.17 • 12% YOY growth in customer base in Q4FY24 3.63 • 51% of the volumes in Q4FY24 was from Mobile trading 2.10 2.27 • 57% of cl
Slide 91: Axis Trustee: Revenue up 7% YOY
Axis Trustee: Revenue up 7%YOY, AUM up 30% YoY All figures in ₹ Crores 30% YOY Assets Under Trust 16% CAGR* Major Highlights 39,04,153 • 23% growth in Customer base 29,94,794 30,01,067 26,43,586 • 31% growth in new mandates 21,26,291 • 24% (AUM) market share in Debenture Trustee segment - 2nd Rank •
Slide 92: A.TREDS: Invoicemart reaching new high
A.TREDS: Invoicemart reaching a new high of facilitating Rs 1 lakh crore of MSME invoice financing A.TREDS is the largest TReDS entity which operates on a perpetual license, allowed by RBI to set up the Trade Receivables Discounting System (TReDS), an electronic platform for facilitating cash flows
Slide 93: Freecharge: Scaling Merchant and Payment Aggregation businesses
Freecharge: Scaling the Merchant and Payment Aggregation businesses and focusing on profitability for Consumer Payments & Lending Merchant Business Payment Aggregation Consumer Payments & Lending • 10% growth in number of transactions in Q4 • Increased deepening and engagement with • Bill payments G
Slide 94: Other Important Information
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q4FY24 94
Slide 95: Awards and recognitions
Our winning mindset is reflected in multiple awards and recognitions… Won ‘Domestic Retail Bank of the Won “Infosys Finacle Award”, Won BFSI Tech “Best Product Best BFSI Customer year’ and ‘Digital Transformation for AI implementation Innovation in BFSI (Sarathi)” Award Experience of the year for Be
Slide 96: Shareholding Pattern (as on March 31, 2024)
Shareholding Pattern (as on March 31, 2024) Life Insurance Corporation Others 7.93% 6.46% GDR's 3.48% Foreign Institutional Investors 53.05% Indian Institutions 29.08% ▪ Share Capital `617 crores ▪ Shareholders’ Funds `150,235 crores ▪ Book Value Per Share `487 ▪ Diluted EPS (Q4 FY24) (Annualised) `
Slide 97: Financial Performance (before exceptional items of FY23)
Financial Performance (before exceptional items of FY23) Financial Performance (₹ crores) Q4FY24 Q4FY23 % Growth FY24 FY23 % Growth Interest Income A 29,225 23,970 22% 1,09,369 85,164 28% Other Income B = C+D+E 6,766 4,788 41% 22,442 16,143 39% - Fee Income C 5,637 4,568 23% 20,257 15,858 28% - Trad
Slide 98: Financial Performance ($ mn, before exceptional items)
Financial Performance (before exceptional items of FY23) Financial Performance ($ mn) Q4FY24 Q4FY23 % Growth FY24 FY23 % Growth Interest Income A 3,504 2,874 22% 13,113 10,211 28% Other Income B = C+D+E 811 574 41% 2,691 1,935 39% - Fee Income C 676 548 23% 2,429 1,901 28% - Trading Income D 122 10
Slide 99: Financial Performance (as reported)
Financial Performance (as reported) Financial Performance (₹ crores) Q4FY24 Q4FY23 % Growth FY24 FY23 % Growth Interest Income A 29,225 23,970 22% 1,09,369 85,164 28% Other Income B = C+D+E 6,766 4,788 41% 22,442 16,143 39% - Fee Income C 5,637 4,568 23% 20,257 15,858 28% - Trading Income D 1,021 83
Slide 100: Financial Performance ($ mn, as reported)
Financial Performance (as reported) Financial Performance ($ mn) Q4FY24 Q4FY23 % Growth FY24 FY23 % Growth Interest Income A 3,504 2,874 22% 13,113 10,211 28% Other Income B = C+D+E 811 574 41% 2,691 1,935 39% - Fee Income C 676 548 23% 2,429 1,901 28% - Trading Income D 122 10 - 208 (29) - - Miscel
Slide 101: Balance Sheet
Balance Sheet Balance Sheet As on 31st Mar’24 As on 31st Mar’23 As on 31st Mar’24 As on 31st Mar’23 % Growth CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ Mn in $ Mn Capital 617 615 74 74 0.3% Reserves & Surplus 1,49,618 1,24,378 17,939 14,913 20% ESOP Outstanding 827 424 99 51 95% Deposits 1
Slide 102: Limited restructuring, largely secured and well provided
Limited restructuring, largely secured and well provided; Declining BB & Below Book 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 31.03.2024 Implemented PCR (excluding technical write offs) at 79
Slide 103: 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 104: Thank You
Thank You Quarterly Results Q4FY24 104