Aiming at Balanced Growth

May 2012

Axis Bank Overview

Snapshot for the year ended 31st March 2012 Branches and Extension Counters
Large & Mid Corporate Agri & Rural Banking Retail Banking Business Banking

1,622 7 9,924 119 lacs `2,85,628 crores `1,69,760 crores `2,20,104 crores `21,781 crores `47,361 crores 21.22% 1.68%

SME

Foreign Offices ATMs

Infra

Retail Liabilities

Investment Banking

Savings Bank Accounts Total Assets

Others

Retail Assets & Cards

Net Loans
Treasury

Total Deposits
Third Party Products

Net worth as on 31.3.2012 Market Capitalization as on 30.3.2012 Return on Average Equity Return on Average Assets

Business Strategy : Four Key Themes

Leveraging Domestic Growth Opportunities

Continue to build and strengthen Retail Banking franchise

Leverage strengths in Corporate Banking & Infrastructure linked Financial services

Build a full-service offering to SME customers

Capture end-to-end opportunities in Payments across customer segments

Retail Banking Highlights in FY12 and Way Forward

Liabilities Increase in market share in CASA - 18% growth yoy, CASA deposits continued to be ~40% of total deposits Improved ranking in SB with 26% growth yoy ranked 9th as on 31st March 2012 Significant improvement in funding mix; Retail TDs grew 43% yoy and account for 37% of total TDs

Distribution rollout continues; 1,622 branches in 1,050 centres, 10,000+ ATMs

Branch productivity (CASA per branch) continues to be best-in-class Robust growth in insurance sales and investment products, cards and retail forex as product per customer continue to grow

Assets

Retail Assets are 22% of loans, targeted to reach ~30% of loans by 2015
Mortgages currently constitute 75% of retail loans, product diversification to reduce share of mortgages to ~60% by 2015 Cross-selling to branch customers key focus area

Progress on Retail Banking Strategy

CASA and Retail term deposits (` bn)
Retail Term Deposits Savings accounts deposits Current accounts deposits 929 745 561 239 337 103 121 113 Mar '07 160 200 200 Mar '08 258 248 Mar '09 339 268 335 517

Retail Advances Portfolio (` bn)

1,393
400 350 479 300 250 200 161 136 89 208 278 376

1,113

409

150 100

322
Mar '10

369 Mar '11

398 Mar '12

50 0 FY07 FY08 FY09 FY10 FY11 FY12

Retail Fees (` bn)

14 12 10 10 8 8 6 6 4 2 0 FY07 FY08
# *

Composition of deposits
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As on
9

CASA as % of Total Deposits 40% 46% 43%

CA as % of CASA CASA + Retail Deposits Term Deposits* 48% 50% 49% 57% 64% 63%

FY07 FY08 FY09

FY10
FY11
FY09 FY10 FY11 FY12

47%
41% 42%

49%
47% 43%

66%
59% 63%

FY12

Mar07 to Mar12 CAGR FY07 to FY12 CAGR

*Retail Term Deposits are defined as term deposits up to ` 5 crores

Stable NIM & Profitability Trends

Net Interest Margin FY09 - FY12 (%)

3.75 3.33
For entire FY

3.65
For the quarter

3.59

Profitability ratios (Q1FY09 - Q4FY12) (%)

2.0

1.67 1.44 19.93

1.68

1.68 21.22

1.8 1.6

1.4

19.89 RoE ROA

20.13

1.2 1.0

ROA (entire FY)

ROE (entire FY)

0.8 0.6 0.4

Corporate Banking & SME: Slower Growth in Current Environment

Corporate Banking Significant franchise for the Bank, contributing ~54% of loans and 37% of fee income Headwinds on growth, particularly in project finance in near term given the

prevalent macroeconomic environment

NPAs and restructuring, though elevated remains within tolerance range Expect restructuring run rate similar to FY12 Focus on deepening customer relationships and leveraging corporate banking

relationships for other Bank products

Overseas business at ~11% of Balance Sheet; continues to remain India-centric

SME

Contributes ~14% of total loans with over 15,700 customers

Focus on cross-selling payment and forex products to SME customers Slowed SME growth to below portfolio growth given current macroenvironment

Improvement in risk profile: SME 3 & above contribute ~80% of loans

Supply chain financing a focus area within SME

Update on Power Sector

Power sector share in loan outstanding was 4.7% and in Non-fund based outstanding (Letters of

Credit & Guarantees) was around 21% (wt. avg, share of 10.30%) as on 31st March, 2012
Focus on private sector generation projects Out of Non-fund based outstanding, approximately 20% are backed with Letters of Comfort from other Infrastructure Finance Companies

Project completion schedules ~25% of loans represent operational capacities

Nearly 19% & 45% of projects under implementation are expected to become
operational in FY13 & FY14 respectively

Asset Quality Trends

Gross NPA and Net NPA ratio (Q1FY09 Q4FY12) (%)
1.21 1.23
1.13 1.13 1.12 0.92 0.91 0.90 1.09 1.01 1.01 1.06 1.08 1.10 0.94

Outlook for FY 13 Slippages and restructuring Expect run rate of slippages and restructuring similar to FY12 Credit costs Projected at ~85 bps of loans

0.96

0.47

0.43

0.39

0.35

0.41

0.45 0.46 0.36 0.35 0.34 0.29 0.26 0.31 0.34

0.39
0.25

Gross NPAs

Net NPAs

Summary

Gained market share and maintained above industry profitability

Combining growth & profitability

Diversified revenue streams

Strong retail deposit franchise

Robust asset quality

Continue to build on key strengths of the franchise

Aiming for balanced growth

Leverage customer relationships with a complete product portfolio Pursue growth opportunities in key businesses

Superior Track Record of Growth and Profitability

Asset growth (%)
Axis Bank 50% Peer Banks 63% 35%

PAT growth (%)

Axis Bank Peer banks*

69%

34% 36% 21% 22% 17% 12% 18% 19% 26%

26%

39%

35% 25% 18% 10% 28%

FY08

FY09

FY10

FY11

FY12

FY08

FY09

FY10

FY11

FY12

RoA (%)
Axis Bank 1.7 1.7 1.3 Peer Banks 19.9 1.7 1.4 1.2 1.1 1.2 1.2 15.6 1.7 16.1 16.8

RoE (%)
Axis Bank 19.9 20.1 Peer Banks 21.2

16.8

16.4 14.2

FY08

FY09

FY10

FY11

FY12

FY08

FY09

FY10

FY11

FY12

Source : Capitaline Peer banks : BOB, HDFC Bank, ICICI, PNB and SBI * Weighted average based on BS size

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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 forwardlooking 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.

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Thank You

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