Axis Bank Limited · NSE:AXISBANK
Axis Bank — Q1 FY19 Earnings Presentation
73 slides from Axis Bank's earnings presentation, July 2018
Slide 1: Investor Presentation Q1 FY19
Investor Presentation Q1 FY19 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB 1
Slide 2: Major Highlights of Q1 FY19
Major Highlights of Q1 FY19 o Asset Quality metrics improve • NPA ratios improved from Q4 levels • Slippages reverted to moderated levels, after the high level in Q4 • Dominant part of corporate slippages continue to come from previously disclosed BB & Below book • After this quarter’s downgrades in
Slide 3: Key Metrics for Q1FY19
Key Metrics for Q1FY19 Snapshot (As on June 30, 2018) (in `Crores) Deposits 14% YOY Advances 14% YOY Total Assets 692,686 Net Advances 441,074 Total Deposits 447,079 48% 47% Net Profit 701 Shareholders’ Funds 64,186 15% YOY (CDAB*) Diluted EPS (Annualized) 10.93 CASA 8% YOY (End balance) Retail Adva
Slide 4: Financial Highlights / Business Segment performance / Asset Quality
Financial Highlights 4 Business Segment performance 19 Asset Quality 48 Shareholder Returns and Capital Position 57 Subsidiaries’ Performance 61 Other important information 68
Slide 5: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet Summary • Balance sheet growth remains healthy • Savings Account deposits on CDAB basis grew 18% • Loan growth driven by Retail and SME segments • Share of low cost CASA and Retail term deposits stood at 81% 5
Slide 6: Balance sheet growth remains healthy
Balance sheet growth remains healthy All figures in ` Crores Total Assets Deposits Advances 21% 18% 16% 16% 15% 14% 14% 14% 13% 12% 11% 11% 11% 10% 10% 10% 9% 10% 4,39,650 4,41,074 3,73,069 3,85,481 4,10,171 4,20,923 4,14,379 3,93,741 4,16,431 4,08,967 4,53,623 4,47,079 6,01,468 6,06,718 6,35,316 6,
Slide 7: Low Cost Deposit growth on CDAB basis remains healthy
Low Cost Deposit growth on CDAB basis remains healthy Saving Account Deposits Current Account Deposits CASA Deposits Retail Term Deposits 29% 29% 26% 24% 23% 24% 24% 22% 22% 23% 18% 18% 21% 18% 22% 15% 14% 16% 12% 8% 11% 2% 2% -1% 1,23,925 1,32,764 1,34,501 1,40,643 1,37,795 1,51,307 2,09,637 2,13,0
Slide 8: High share of CASA and Retail term deposits ensures stable funding cost
High share of CASA and Retail term deposits ensures a relatively stable funding cost, that remains amongst the best in the industry Retail forms dominant share of Bank’s deposits CASA+RTD** 83% 83% 84% 84% 81% 50% 54% 49% 49% 47% CASA** Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 ** as % of total deposits Co
Slide 9: Retail and SME now form 61% of the Bank’s Loans
Retail and SME now form 61% of the Bank’s Loans All figures in ` Crores Loan Mix (As on June 30, 2018) Total Advances 14% YOY 4,39,650 4,41,074 4,20,923 4,10,171 3,85,481 1,74,446 1,72,443 1,72,744 1,73,197 1,62,284 Corporate Retail 39% 48% 56,983 58,740 54,884 52,718 47,919 SME 13% 1,93,295 2,06,46
Slide 10: Loan growth driven by Retail and SME segments
Loan growth driven by Retail and SME segments All figures in ` Crores Retail Advances SME Advances Corporate Advances 21% YOY 19% YOY 6% YOY 2,11,648 1,75,278 1,72,443 1,62,284 56,983 47,918 Jun-17 Jun-18 Jun-17 Jun-18 Jun-17 Jun-18 10
Slide 11: Financial Highlights – Profit & loss Statement
Financial Highlights – Profit & loss Statement Summary • Earnings trend has improved post one off provisioning done in Q4 • Core operating profit growth has been strong • Retail Fee growth remains healthy 11
Slide 12: Earnings trend has improved post one off provisioning done in Q4
Earnings trend has improved post one off provisioning done in Q4 All figures in ` Crores Net Profit 1,306 726 701 432 -2,189 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 12
Slide 13: Core Operating Profit growth has been strong
Core Operating Profit growth has been strong All figures in ` Crores Core Operating Profit ^ 4,269 24% QOQ 3,654 3,467 3,400 3,457 23% YOY Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 ^ computed as operating profit less trading profit Operating Profit and Operating Profit Margin* 4,372 19% QOQ 4,291 3,777 3,8
Slide 14: Net Interest Income grew 12%, opex to average assets ratio improves
Net Interest Income grew 12%, opex to average assets ratio improves All figures in ` Crores Operating Revenue 6% YOY 8,092 7,616 7,325 7,519 7,125 103 824 200 215 88% YOY 377 2,822 2,176 2,393 2,573 2,208 30% YOY 12% YOY 4,616 4,540 4,732 4,730 5,167 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Net Interest I
Slide 15: Domestic NIM adjusted for one offs has been stable q-o-q
Domestic NIM adjusted for one offs has been stable q-o-q Q1FY19 NIM includes the impact of interest realization from recovery on an IBC List 1 account (~17 bps) 3.85% 3.71% 3.60% 3.67% 3.59% 3.63% 3.45% 3.38% 3.46% 3.33% Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 NIM - Global NIM - Domestic Cost of Funds 5.
Slide 16: MCLR rate moved up by 35 bps in last 6 months
MCLR rate moved up by 35 bps in last 6 months and 50% of our advances have now migrated to MCLR Trend in 1 year MCLR (%) Advances mix by Rate type 9.50 9.30 9.25 9.20 18% 15% 9.05 24% 29% 8.90 42% 34% 50% 8.60 57% 65% 8.40 69% 8.25 8.25 8.25 8.25 8.25 50% 49% 43% 40% Apr-16 Jul-16 Oct-16 Jan-17 Apr-
Slide 17: Retail and Transaction Banking now form 81% of the Bank’s Fees
Retail and Transaction Banking now form 81% of the Bank’s Fees All figures in ` Crores Fee Composition* 6% YOY 1,719 1,935 1,805 2,423 2,003 2,170 2,246 2,448 2,117 13% 20% 18% 17% 18% 24% 24% 21% 25% 4% 2% 4% 5% 6% 5% 4% 4% 1% 4% 1% 1% 2% 5% 6% 3% 1% 20% 2% 20% 22% 20% 19% 20% 21% 20% 17% 35% 35% 8
Slide 18: Retail and Transaction Banking Fee growth remains healthy
Retail and Transaction Banking Fee growth remains healthy All figures represent YOY growth Fee Growth (YOY) Retail* Transaction Banking* 35% 31% 23% 24% 19% 18% 10% 10% 8% 7% Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 SME Corporate 9% 8% 2% 7% 1% -8% -14% -8% -24% -26% Q1F
Slide 19: Financial Highlights / Business Segment performance / Asset Quality
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 19
Slide 20: 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 21: 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 22: Retail Loans form the largest part of the Bank’s loan book
Retail Loans form the largest part of the Bank’s loan book and are well diversified All figures in ` Crores Retail Advances have shown strong growth… …with significant dispersion in mix over time 3% 2% 9% 9% 8% 9% 10% 12% 6% 1% 2% 2% 3% 4% 3% 3% 26% CAGR* 6% 2% 4% 7% 4% 7% 8% 8% 6% 8% 8% 2,06,464 2,
Slide 23: Our identified “new engines” continue to see disproportionate growth
Our identified “new engines” continue to see disproportionate growth Sourcing Strategy 69% of sourcing in Q1 was from existing customers 47% of overall sourcing was through Bank branches 78% 51% 41% 33% 21% Growth in 27% Retail book 23% 21% 11% 11% Home Loan Rural Gold Loan LAP Auto Loan Credit
Slide 24: Our premium banking offering ‘Burgundy’ has witnessed strong growth
Our premium banking offering ‘Burgundy’ has witnessed strong growth We remain a leading player in Wealth Management Data as at end of Jun’18 Burgundy Performance FY14-18 CAGR# Current AUM : `122,936 Crores AUM# 45% Customer Base : 104,864 Fee Revenue 55% Total touch points : Customer Base 36% 512 (R
Slide 25: Granular Retail Fees have been a major revenue driver
Granular Retail Fees have been a major revenue driver All figures in ` Crores Card Fees has steadily grown over time in Retail Fee* Mix 1,244 1,091 1,188 1,275 1,336 1,290 15% 21% 22% 20% 23% 32% 42% 40% 39% 42% 40% 33% 43% 39% 39% 38% 37% 35% Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Cards Other Re
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 76 • India continues to be a growth economy • New customer acquisition is a larger growth driver than deepening of existing customer wallet share • Physical distribution c
Slide 27: Amongst the most valuable Brands in India
We have created a differentiated identity and are amongst the most valuable Brands in India Featured amongst Top 10 most valuable brands in India Ranked #2 on Functionality in Forrester’s Mobile Banking Benchmark, 2017 (India Banks) 72 65 56 Axis Bank Global Avg. India Avg. Global Ranking 20 in 2017
Slide 28: Business Performance – Digital
Business Performance – Digital Summary • Digital Payments are a key strategic thrust for the Bank • We have a strong position across most digital payment products • We are ranked # 1 in Mobile Banking spends • Digital channels continue to witness healthy growth • The Bank has emerged as a leading pa
Slide 29: 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% 17% 16% 10% 47% Ranking 4th 4th 1st 2nd 1st Source: RBI, Internal Data 1 – b
Slide 30: Investments in analytics have helped build 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 31: Card Spends continue to show strong growth
Card Spends continue to show strong growth All figures in ` Crores Credit Cards Debit Cards 28% YOY 51% YOY 10,169 Spends in quarter ` Crores 14,414 Spends in quarter ` Crores 8,722 8,678 13,167 7,958 11,725 32% YOY 7,564 13% YOY 9,915 23.7 9,520 4.5 4.7 4.2 22.1 22.3 3.8 21.5 3.5 20.9 Q1FY18 Q2FY18
Slide 32: We are ranked #1 in Mobile Banking spends
We are ranked #1 in Mobile Banking spends 42% of Mobile Banking customers bank only on Mobile App Mobile Banking logins stand at 9.4 times of Internet Banking logins (in ` Crores) Mobile Transactions Market Share by Value Axis Bank Mobile Banking Spends and Volumes 203% YOY 99.8 95.2 85.7 17.2% 17.1
Slide 33: Adoption of digital channels by customers remains robust
Adoption of digital channels by customers remains robust 58% of Bank’s active customers are Digitally active Transaction Mix* Gap between Digital & ATM transactions has widened Digital Volumes in million 70% 67% 66% 66% 65% 99 90 84 86 83 81 77 83 77 76 77 70 71 70 69 26% 26% 26% 47 25% 23% ATM Bran
Slide 34: Using digital channels to drive business growth
We are increasingly using digital channels to drive business growth Savings accounts sourced through Personal loan disbursements through Tab banking Digital channels 56% 31% 48% 49% 30% 26% 43% 39% 17% 14% Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 34
Slide 35: Online Instant Savings account offering ‘ASAP’
Our Online Instant Savings account offering ‘ASAP’ has seen strong response Aadhar + PAN + 3 minutes = ASAP Savings Account • 0.64 mn ASAP • 86% of ASAP • 70% of customers in • Customers have accounts opened accounts opened in the age group of 18- opened accounts since Dec’17 Q1FY19 were New 30 year
Slide 36: Leveraging UPI to attract non-Axis Bank customers
We are leveraging UPI to attract non-Axis Bank customers and broadbase payments Axis Bank’s Progress So Far 1 ~14.6 mn VPAs across apps 2 ~262 mn transactions# 3 ~64,165 merchants on boarded Trends in Cumulative UPI transaction Trend in Quarterly UPI transaction value (in ` Crores) volumes and regis
Slide 37: Leading partnership-driven innovator on payments use cases
The Bank has emerged as a leading partnership-driven innovator on payments used cases Axis AHA Axis OK Samsung Pay • Launched an AI-led Virtual Assistant to • Enabled for Credit & Debit Card across • No internet connectivity Enhance online customer experience Visa & Master Card required • Has proces
Slide 38: Business Performance - SME
Business Performance - SME Summary • SME loan growth continues to improve further • Focus remains on building a high rated SME Book 38
Slide 39: SME loan growth continues to remain strong
SME loan growth continues to remain strong All figures in ` Crores SME Loan growth Loan Mix 27% 56,983 19% YOY 19% 19% 15% 47,918 10% 21% YOY 44,635 36,795 54,884 58,742 56,983 47,918 52,718 11% YOY 11,124 12,348 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Jun-17 Jun-18 YOY Growth Term loan Working Capital l
Slide 40: 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. 7% 5% 12% 14% • The Bank’ s SME Awards event “SME 100” acknowledges the best performers in the SME segment. It is aligned with th
Slide 41: Business Performance - Corporate
Business Performance - Corporate Summary • 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 places us we
Slide 42: 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 1,72,443 6% YOY 15% 15% 1,62,284 10% 50,495 32% YOY 38,375 8% 6% 9% 3% 4% 2% 2% YOY 1,23,909 1,21,948 -7% Q1FY18 Q2FY1
Slide 43: Transaction based business to better rated corporates
…resulting in transaction based business to better rated corporates All figures in ` Crores Steady growth in Transaction Banking fees 78% of corporate exposure* is rated ‘A’ or better 10% 15% 26% 24% YOY 32% 577 429 450 372 361 273 32% 31% 10% YOY 460 496 22% 402 394 412 433 16% 10% 6% Q4FY17 Q1FY18
Slide 44: Significant reduction in concentration risk
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 94% 287% 8
Slide 45: Industry-wise Distribution (Top 10)
Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on June 2018 Fund-based Exposure Non-fund based Exposure Total Exposure Rank Sectors Value (in % terms) Value (in % terms) Value (in % terms) 1. Financial Companies2 38,401 9.00% 18,152 15.40% 56,553 10.39% 2. Engineering &
Slide 46: Power Sector portfolio
Power Sector portfolio Power Sector Advances All figures in ` Crores 21,020 Standard Book Details 20,775 19,722 (As on June 30, 2018) 17,607 17,294 Generation, Type T&D, 17% 83% 17,742 9,776 9,893 16,012 19,924 Operational, 7,831 7,401 Status 100% 3,278 3,710 851 Q1'FY18 Q2'FY18 Q3'FY18 Q4'FY18 Q1'F
Slide 47: 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 Ranked No. 1 arranger for rupee denominated bonds as per Bloomberg for first half of calendar year ended 42,749 61% YOY 2018. Ranked No. 1 arranger for rupee denominat
Slide 48: Financial Highlights / Business Segment performance / Asset Quality
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 48
Slide 49: Asset Quality
Asset Quality Summary • Slippages have moderated from the high levels seen in Q4’FY18 • Corporate slippages continue to come largely from the low rated pool of stressed accounts • Gross and Net NPA ratios have declined • The Bank has increased PCR by 400 bps to 69% during the quarter 49
Slide 50: Slippages have moderated from the high levels of Q4’FY18
Slippages have moderated from the high levels of Q4’FY18 All figures in ` Crores Gross & Net Slippages have come off Q4 peaks New NPA formation in Corporate continues to be from BB & Below pool 16,536 98% 94% 93% 13,135 90% 91% 90% 88% 8,936 7,888 73% 73% 4,428 4,337 3,519 3,213 1,420 420 Q1 FY18 Q2
Slide 51: 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% 6.52% 0.84% 0.22% 5.90% 0.24% 5.28% 5.03% 1.25% 0.76% 3.40% 3.12% 3.09% 2.56% 2.30% 3.40% 3.12% 2.30% 3.09% 2.56% Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Jun-17 Sep-17 Dec-17 Mar-1
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* 7.3% 300 00 8.0 % 15,0 00 4.0 % 5.6% As a % to Gross Customer Assets 3.3% 5.3% 250 00 6.0 % 3.0% 4.7% 4.4% 13,0 00 2.7% 3.0 % 2.
Slide 53: Vulnerable pool in the non-NPA portfolio has reduced
Vulnerable pool in the non-NPA portfolio has reduced substantially from peak level All figures in ` Crores Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Net Customer Assets (NCA) 3,70,526 3,83,987 3,79,853 4,09,708 4,25,355 4,50,854 4,60,164 4,87,979 4,82,832 Stress already recogniz
Slide 54: We have retained high Provision Coverage during the quarter
We have retained high Provision Coverage during the quarter Credit Cost (Annualised) Provision Coverage Ratio 69% 6.73% 65% 66% 65% 60% For steady state, our target PCR range remains 60-65% 3.16% 2.33% 2.45% 1.95% Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 54
Slide 55: 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% 2.45% 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% FY
Slide 56: Detailed walk of NPA movement over recent quarters
Detailed walk of NPA movement over recent quarters All figures in ` Crores Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Gross NPAs - Opening balance A 21,280 22,031 27,402 25,001 34,249 Fresh slippages B 3,519 8,936 4,428 16,536 4,337 Upgradations & Recoveries C 306 1,048 4,008 3,401 2,917 Write offs D 2,462
Slide 57: Financial Highlights / Business Segment performance / Asset Quality
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 4.94 0.40 0.04 0.53 FY14 FY15 FY16 FY17 FY18 Q1FY19* FY14 FY15 FY16 FY17 FY18 Q1FY19* Diluted EPS (`) Book Value Per Share (`) 34.93 247 250 30.85 223 233 26.45
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 8 bps YOY 18.00% 16.63% 16.32% 16.57% 16.71% ~ ~ 3.87% ## 80% 4.03% 3.53% 3.49% 79% 3.96% 78% 77% 75% 74% 14.13% 12.60% 12.36% 13.04% 13.22% 11.15% 10.95% 12.71% 11.68% 11.86% Jun-17* Sep
Slide 60: Movement in Tier 1 Capital Adequacy Ratio
Movement in Tier 1 Capital Adequacy Ratio # ** ** ** ~ # 0.16% 0.14% 13.22% 13.04% 0.11% Mar-18 RWA efficiency Seasonal/ Profit June18 one off Unfavourable Favourable 60
Slide 61: Financial Highlights / Business Segment performance / Asset Quality
Financial Highlights Business Segment performance Asset Quality Shareholder Returns and Capital Position Subsidiaries’ Performance Other important information 61
Slide 62: Axis Finance: Strong growth in loan book
Axis Finance : Strong growth in loan book All figures in ` Crores Growth in Income and PAT has been steady 76% CAGR* Income PAT 722 575 373 224 59% CAGR* 209 165 76 78 111 33 FY14 FY15 FY16 FY17 FY18 * 4 yr CAGR Strong growth in Loan Book Major Highlights 47% YOY 6,624 6,817 Retail loans at 18% of
Slide 63: Axis Securities: Strong growth in customer additions
Axis Securities : Strong growth in customer additions All figures in ` Crores Trend in Revenue growth 951 756 31% CAGR 562 743 455 585 314 432 331 252 35% CAGR 130 171 208 62 124 FY14 FY15 FY16 FY17 FY18 * 4 yr CAGR Non Broking Broking Trend in customer base (in mn) 29% YOY Major Highlights 1.90 1.8
Slide 64: Axis Capital: Continues to maintain its leadership position
Axis Capital : Continues to maintain its leadership position All figures in ` Crores Trend in Income & PAT 402 309 319 289 128 139 108 113 FY15 FY16 FY17 FY18 FY18 Ranking based on IPO, QIP, Rights, OFS & IPP Major Highlights Rank Banker No of deals Ranked No 1 in Equity and Equity Linked Deals ov
Slide 65: Axis AMC: Healthy growth in AUM
Axis AMC : Healthy growth in AUM All figures in ` Crores Average AUM has shown strong growth 25% YOY 79,201 70,902 48,829 33,163 23,483 13,939 FY14 FY15 FY16 FY17 FY18 Q1FY19 Trend in PAT Major Highlights Added 0.7 mn investors in last one year taking its overall 57 inverstor folios to 2.9 mn 43
Slide 66: A.TReDs: The Invoicemart product continues to be a market leader
A.TReDs: The Invoicemart product continues to be a market leader Axis Bank 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 TReDS is an electronic platform that connects MSME sellers w
Slide 67: The acquisition of Freecharge has leapfrogged our digital journey
The acquisition of Freecharge has leapfrogged our digital journey by multiple years Through we intend to… Leverage Payments Source and service Target digitally-native, as a fly-wheel (UPI, loans (PL, Cards, mobile-first SA QR etc) Consumer Loans) customers digitally Focused campaigns have helped to
Slide 68: Financial Highlights / Business Segment performance / Asset Quality
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 110,936 Held Till Maturity (HTM) 60% Corporate Bonds2 28,911 Available For Sale (AFS) 36% Others 14,767 Total Investments 154,614 Held For Trading (HFT) 4% * as on
Slide 70: Shareholding Pattern (as on June 30, 2018)
Shareholding Pattern (as on June 30, 2018) General Insurance Others Corp & Others 10.91% 2.84% Life Insurance Corporation Foreign Institutional 13.07% Investors 48.18% SUUTI 9.23% GDR's 4.13% Indian Institutions 11.64% Share Capital `514 crores Shareholders’ Funds `64,186 crores Book Value Per
Slide 71: 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 72: 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 73: Thank You
Thank You 73