FY 2014-15

Annual Results

Earnings Presentation

1

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”, “future”, “objective”, “goal”, “strategy”, “philosophy”,

“project”, “should”, “will pursue” and similar expressions or variations of such

expressions may constitute "forward-looking statements". These forward-looking

statements involve a number of risks, uncertainties and other factors that could

cause actual results to differ materially from those suggested by the forward-looking

statements. These risks and uncertainties include, but are not limited to our ability to

successfully implement our strategy, future levels of non-performing loans, our

growth and expansion, the adequacy of our allowance for credit losses, our

provisioning policies, technological changes, investment income, cash flow

projections, our exposure to market risks as well as other risks. Axis Bank Limited

undertakes no obligation to update forward-looking statements to reflect events or

circumstances after the date thereof.

2

Introduction

Performance Overview

Business Overview

3

Overview

Snapshot (As on March 31, 2015)

Total Assets `4,61,932 crores

Net Advances `2,81,083 crores

Total Deposits `3,22,442 crores

Net Profit (Q4FY15) `2,181 crores

Net Profit (FY15) `7,358 crores

Shareholders‟ Funds `44,677 crores

Diluted EPS (annualized) `30.85

ROA (FY15) 1.83%

ROE (FY15) 18.57%

Net NPA Ratio 0.44%

Basel III Tier I CAR 12.07%

Basel III Total CAR 15.09%

Saving Bank Accounts (No.) 149 lac

Branches2 2,589

International Presence3 8

ATMs 12,355

Banking

Operations

Corporate

Credit Infrastructure

Others

SME1

Retail

Banking

Business

Banking

Treasury

1 Small and Medium Enterprises

2 Includes extension counters 3 Includes overseas subsidiary in UK

Basel II Tier-I CAR 11.xx%

Basel II Total CAR 16.xx%

SME1 and

Agriculture

4

Shareholding Pattern (As on March 31, 2015)

Share Capital ` 474.10 crores

Shareholders‟ Funds ` 44,677 crores

Book Value Per Share ` 188.47

Diluted EPS (annualised) ` 30.85

Market Capitalisation ` 1,26,974 crores (as on April 28, 2015)

Share Count xxx mn

GDRs Issued xxx mn

Investible Headroom (GDR) 40 mn (as on March 31,

2014)

& 1GDR = 5 shares

As on March 31, 2015, against GDR& issuance of 62.7 mn, outstanding GDRs stood at 17.6 mn

&

SUUTI 11.59% Life Insurance

Corporation & its group entities

12.49%

General Insurance Corp & others

3.85%

Foreign Institutional investors 46.64%

Indian Institutions 6.62%

GDR 3.72%

Others 15.09%

5

High Shareholder Returns

A strong franchise demonstrating consistent value creation over time

110.40

141.50

162.69

188.47

1Book Value Per Share (`)

21.22 20.51

18.23 18.57

1Return on Equity (%)

FY12 FY13 FY14 FY15

1.68 1.70 1.78

1.83

1Return on Assets (%)

6

Introduction

Performance Overview

Business Overview

7

Performance Highlights

Q4FY15 FY15

Net Profit 18% YOY 18% YOY

Net Interest Income 20% YOY 19% YOY

Fee Income 19% YOY 13% YOY

Operating Revenue 21% YOY 17% YOY

Operating Profit 24% YOY 17% YOY

CASA1 14% YOY

CASA (Daily Average) 15% YOY

Total Deposits1 15% YOY

Total Advances1 22% YOY

1 As on 31st March 2015

8

Key Financial Highlights

Retail Franchise continues to show traction

• CASA Deposits in FY15 on daily average basis grew 15% YOY of which Savings Bank

Deposits grew 17% & Current Account Deposits grew 11%; Daily Average CASA constitutes

40% of Total Deposits

• Retail Term Deposits grew 27% YOY and constitutes 60% of Term Deposits

• CASA and Retail Term Deposits constituted 78% of Total Deposits

• Retail Advances grew 27% YOY and accounted for 40% of Net Advances

• Retail Fee Income grew 30% YOY and constitutes 38% of Total Fee Income

Stable Earnings Profile

• Core Operating Revenue in Q4FY15 grew 21% YOY and stood at `6,056 crores

• Core Operating Profit in Q4FY15 rose to `3,582 crores, registered growth of 24% YOY

• Return on Assets & Return on Equity for FY15 stood at 1.83% and 18.57% respectively

Well positioned for future growth with Tier I CAR of 12.07% & Total CAR of 15.09%

under Basel III

Overall, a Bank with consistently superior returns and healthy capital position

# Includes Foreign Currency Non-Resident – B deposits (FCNR –B); Excluding FCNR-B deposits, Domestic Retail Term Deposit growth was 21% YOY, constituting 57% of Domestic

Term Deposits

& Considering unaudited Net Profit for 9MFY14

* Excludes unaudited Net Profit for 9MFY14

& Includes profits for the nine months

9

20% YOY

Growing Net Interest Income

Trend in NIIs (`crores)

FY12 8,018

FY13 9,666

FY14 11,952

FY15 14,224

CAGR 21%

` crores

19% YOY

3,166

3,799

1Q4FY14 Q4FY15

11,952

14,224

1FY14 FY15

10

19% YOY

Diversified Fee Income Profile ` crores

13% YOY

Q4FY15 FY15

1,618

1,780

1Q4FY13 Q4FY14

5,521 5,985

1FY13 FY14

Large & Mid

Corporate Credit 30%

Treasury & DCM 20%

Agri & SME 9%

Business Banking

7%

Retail Business

34%

Large & Mid

Corporate Credit 30%

Treasury & DCM 23%

Agri & SME 7%

Business Banking

8%

Retail Business

32%

1,780

2,124

1Q4FY14 Q4FY15

5,985 6,779

1FY14 FY15

Corporate Credit 28%

Treasury & DCM 20%

SME 6%

Business Banking

7%

Retail Business

39% Corporate

Credit 27%

Treasury & DCM 21% SME

6%

Business Banking

8%

Retail Business

38%

11 18% YOY

Sustained Profitability Growth: Robust Operating Revenue

24% YOY 21% YOY 18% YOY 18% YOY 17% YOY

` crores

6,218

10,211

18,112

7,358

12,064

21,268

Net Profit Core OperatingProfit

Core OperatingRevenue

FY14 FY15

1,842

2,888

5,019

2,181

3,582

6,056

Net Profit Core Operating Profit Core OperatingRevenue

Q4FY14 Q4FY15

12

Consistent Net Profit Growth

Quarterly Net Profits

` crores

CASA and Retail Term Deposits (` crores)

Stable CASA Growth Underpins Low-Cost Deposit Franchise

13

• Share of Retail Term Deposits to Total Term Deposits stood at 60%

• CASA + Retail Term Deposits constitute 78% of Total Deposits

Growth (%)

As on March 31 2015 End Day

Daily

Average for

the year

Savings Bank 14 17

CASA 14 15

48,686 40,659 46,492 45,633 56,108

77,776 74,583

79,875 79,953 88,292

84,233 93,406

97,307 101,906

106,581

210,695 208,648 223,674 227,492

250,981

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15

CA Deposits SB Deposits Retail TDs

14

CASA Deposits (` crores)

CASA Ratio

Cost of Funds Net Interest Margin

Strong CASA Franchise Supports Margin Stability

91,422 86,942

51,668 52,777 56,189 57,521 63,778

39,754 34,165 39,349 40,236

48,322

Mar '12 Jun '12 Sep '12 Dec '12 Mar '13

Savings Account Deposits Current Account Deposits

48,686 40,659 46,492 45,633 56,108

77,776 74,583

79,875 79,953 88,292

126,462 115,242

126,367 125,586

144,400

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15CA Deposits SB Deposits

45%

42%

45% 43%

45%

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15

3.89% 3.88% 3.97% 3.93% 3.81%

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15

6.20% 6.21% 6.19% 6.17% 6.26%

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15

15

Stable Asset Quality Asset Quality Loan Mix

(As on March 31 2015)

NPA trend

Provision coverage of 78% as on March 2015 including

prudential write-offs (87% before accumulated write-offs)

Net Cumulative restructured advances were `8,166 crores

(2.71% of net customer assets) as on March 2015

`1,540 crores of loans were restructured during the

quarter

Restructuring position

(Rs bn)

Opening Balance – 40.00

Add:

New Restructuring – 34.56

Subtotal 74.56

Less:

NPA 2.58

Mvt. In Balance 1.78

Closing Balance 70.20

Provision Held 4.40

Net Position 65.80

Less:FITL 5.00

Disclosed Position 60.79

FITL is recognised as a reversal of interest

income

Other Banks highlight this separately as a

provision

Capital Adequacy: Well Positioned for Growth

* Considering unaudited Net Profit for the quarter / half year / nine-months

16

& & &

#

Basel III Norms

# Capital Adequacy computation under Basel III norms & All ratios computed are based on Basel II norms

12.62% 12.64% 12.57% 12.44% 12.07%

3.45% 3.45% 3.33% 3.20% 3.02%

16.07% 16.09% 15.90% 15.64% 15.09%

Mar-14 Jun-14* Sep-14* Dec-14* Mar-15

Tier 1 CAR Tier 2 CAR Total CAR

17

Introduction

Performance Overview

Business Overview

18

Customer

Touch Points

Call

Centre

ATMs

Mobile Banking Point of

Sale

Internet Banking

Branches

Traditional Channels Electronic Channels

Well distributed, countrywide network of Branches & ATMs

Expanding footprint across centres

One of the largest ATM network in the industry

Mar‟12 Mar‟13 Mar‟14 Mar‟15

ATMs 9,924 11,245 12,922 12,355

Centers Covered 1,050 1,263 1,636 1,714

Employees 31,738 37,901 42,420 42,230

1 Including extension counters

Domestic Branch network1

1,622 1,947 2,402 2,589

Multiple channels drive business growth

Extensive use of technology to provide services

19

Retail Liabilities Exhibit Consistent Growth Savings Bank Deposits

(` crores)

Share of Domestic RTD as % of Domestic Term Deposits Retail Term Deposits (RTD) (` crores)

Domestic Retail Deposits* constitutes xx% of Total Domestic Deposits

* Retail Deposits include Savings Bank and Retail Term Deposits

Retail Deposits* (% of Total Deposits)

14% YOY

27% YOY

&

#

& RTD as at end December 2013 includes FCNR – B deposits; Excluding FCNR- B

deposits, RTD growth was 21% YOY # Share of Retail Term Deposits excluding FCNR – B deposits at end December 2013 stood

at 57%

77,776

88,292

1Mar '14 Mar '15

84,233

106,581

1Mar '14 Mar '15

58 60

1Mar '14 Mar '15

59 61

1Mar '14 Mar '15

20

Sustained Traction in Retail Assets

Maintain focus on secured lending

with greater emphasis on mining

existing liability customer base

Integrated strategy for tapping into

consumer lending opportunity in

rural markets

Retail Advances constitute 40% of

Bank‟s Net Advances in March

2015

Secured Loans make up 87% of

Retail Loans

Housing Loans account for 48% of

Retail Loans

Composition of Retail Advances Key Highlights

Portfolio Size: `1,11,932 crores

27% YOY

Housing Loans 48%

Retail agricultural

loans 16%

Auto Loans 8%

Personal Loans &

Credit Cards 9%

Loan against Property

7%

Non-schematic

loans & others 12%

21

Growth in Retail Fees

Focus on cross-selling to existing

customers key driver for growth

Third-party products sold include mutual

funds, insurance, on-line broking, portfolio

management services (non-discretionary)

and gold coins

Healthy retail asset growth provides

momentum to asset linked fees 30% YOY

(` crores) Key Highlights

29% YOY

637

819

1Q4FY14 Q4FY15

2,008

2,603

1FY14 FY15

22

Retail Payments Franchise

Key Highlights

One of the largest issuers of debit cards

Over 17 lac credit cards in circulation

Credit card acquisition focused on large retail

depositor base

Multi Currency Forex Cards in 15 currencies –

USD, Euro, GBP, AUD, CAD, SGD, SEK, CHF,

JPY, AED, SAR, THB, NZD, HKD & ZAR; INR

(for foreign nationals and NRIs)

Prominent player in merchant acquiring

business

Number of Cards (in lacs)

Card Spends

(` crores)

35% YOY

4,970

6,694

1Q4FY14 Q4FY15

133

14

143

17

Debit Card Credit Card

Mar '14 Mar '15

23

Corporate Banking Franchise

End-to-End Player

Business

Banking Credit

Investment

Banking Syndication Treasury

Trustee

Services

• Strong franchise spread across liability and asset businesses

• Adopted value generating Originate and Distribute Model

• Dominant player in placement and syndication of debt / loans

• Focus on building out a high quality portfolio of credit assets

• Rigorous and regular risk assessment of accounts

Presence across the Value Chain

24

Business Banking

• Strong transaction banking capabilities

• Wide range of products with customised

offerings for various business segments

• Growth aided by “Club 50” and “Channel

One” high-end premium products

• Broad-based sales strategy

• Focused approach for Corporates, Financial

Institutions and Government

15% YOY

Current A/c Deposits (` crore)

FY12 39,754

FY13 48,322

FY14 48,686

FY15 56,108

CAGR 12%

` crores

Key Highlights Current Accounts

48,686

56,108

1Mar '14 Mar '15

25

Business Banking

22% YOY

• Collection of Central Govt. taxes on behalf of

CBDT and CBEC, including through e-payments

• Collection of state taxes & collections under E-

governance on behalf of 15 & 10 State Govt. and

Union Territories respectively

• Collections and payments for Central Govt

ministries - Railways, MOF, Urban Development

and Housing & Urban Poverty Alleviation

• NPS Trustee Bank & Collection Bankers for

subscriptions through all Branches

• Appointed as Centralised Clearing House for

Electronic Toll collection based on RFID tags by

a subsidiary of NHAI

• Leverage 50 authorized branches as Hubs and

source PPF accounts from all branches.

CMS Accounts

Government Business Cash Management Business

• Leading CMS provider in the country

• Among few banks offering host to host

transaction banking facility

20,719

25,335

1Mar '14 Mar '15

26

Corporate Banking

Advances Fees

23% YOY

(` crores) (` crores)

(` crores)

3% YOY

10% YOY

102,238

126,184

1

Mar '14 Mar '15

538 591

1Q4FY14 Q4FY15

1,793 1,803

1FY14 FY15

1% YOY

27

Debt Capital Markets Key Highlights Placement & Syndication of Debt Issues

Dominant player in placement and

syndication of debt issuances

Ranked No. 1 debt arranger by Prime

Database for nine months ended December

2014

Ranked No. 1 underwriter for Rupee

Denominated Bonds by Bloomberg for year

ended March 2015.

Awarded „Best DCM House‟ 2014 by Finance

Asia

Ranked No.1 Top Bank in the secondary

market in Asian currency bonds for corporate

bonds – India , by Asset Research

` crores

Overall industry volumes shrunk 12% for calendar year ended

December 2013 - Source: Bloomberg

79% YOY 30,503

54,545

1Q4FY14 Q4FY15

28

SME Banking

Advances^

13% YOY

Fees

14% YOY

15% YOY&

(` crores) (` crores)

(` crores)

^ Excludes non-retail agricultural loans amounting to `4,298

crores as on 31st March 2014 & `2,316 crores as on 31st March

2015

121 137

1Q4FY14 Q4FY15

320 366

1FY14 FY15&SME loans including non-retail agriculture loans grew 8% YOY

35,502

40,651

1Mar-14 Mar-15

29

Rating Distribution: Corporate Banking

62% of corporate advances have rating of at least ‘A’ in March 2015

30

Rating Distribution: SME

84% of SME advances have rating of at least ‘SME3’ in March 2015

31

Industry-wise Distribution (Top 10)

Rank Sectors

Outstanding as on March 31, 2015 (%)1

Fund-based Non-fund

based Total

1. Infrastructure2 7.18 9.79 7.88

2. Power Generation & Distribution 5.95 7.66 6.41

3. Metal & Metal Products 5.88 6.17 5.96

4. Financial Companies3 4.71 9.30 5.94

5. Engineering & Electronics 3.19 12.99 5.81

6. Trade 3.37 4.98 3.80

7. Real Estate 3.16 1.82 2.80

8. Food Processing 3.06 2.37 2.88

9. Telecommunication Services 0.52 8.18 2.57

10. Petroleum & Petroleum Products 0.54 6.05 2.01

1 Percentages stated above are on the total fund and non-fund based outstanding across all loan segments 2 Financing of projects (roads, ports, airports etc)

3 Includes Housing Finance Companies and other NBFCs

32

International Presence

Branches at Singapore, Hong Kong, DIFC – Dubai , Colombo & Shanghai

Representative offices at Dubai & Abu Dhabi

Axis Bank UK Limited (a wholly owned subsidiary of the Bank)

Business offerings include Corporate Loans, Trade Finance Products, Debt Syndication and Liability Business

Total Assets overseas stood at USD 7.86 billion

33

Thank You