PRESS RELEASE – 20th January, 2012


Results at a Glance
Net Profit during Q3FY12 rose to `1,102 crores from `891 crores in Q3FY11, registering a growth of 24% YOY. Net Profit for 9MFY12 stood at `2,965 crores, up by 25% from `2,368 crores for 9MFY11. Demand Deposits grew by 32% YOY to `86,756 crores during Q3FY12 from `65,931 crores during Q3FY11, with Savings Bank deposits growing by 21% YOY and Current Account deposits by 47%. CASA ratio as a result moved up to account for 42% of aggregate deposits. The YOY growth in Net Interest Income and Fee Income during Q3FY12 was 23% and 26% respectively. Net Interest Margin during Q3FY12 was 3.75% compared to 3.81% in Q3FY11 and 3.78% in Q2FY11. The Bank is well-capitalised with a Capital Adequacy Ratio of 11.78% (without reckoning 9MFY12 profit, as stipulated by Reserve Bank of India) as at the end of 9MFY12 compared to 12.46% as at the end of 9MFY11 and 11.35% at the end of Q2FY12. Tier-I capital was 8.25% as at the end of 9MFY12, as against 8.86% at the end of 9MFY11 and 8.48% at the end of Q2FY12. Capital Adequacy including 9MFY12 profits would have been 13.11% with Tier-I capital ratio of 9.58%.

Financial Highlights
Net Interest Income (NII) and Net Interest Margin (NIM) The Bank continued to extend its presence across the country and at the end of Q3FY12, had a network of 1,493 domestic branches and extension counters and 8,324 ATMs situated in 971 cities and towns. During the quarter, the Bank added 47 branches and 730 ATMs. The daily average balances of Savings Bank deposits during the quarter grew 19% YOY and those of Current Account deposits grew 4% YOY. Demand deposits constituted 37% of the aggregate daily average deposits during Q3FY12, as against 38% in the previous quarter. At the end of the quarter, Current Account and Savings Bank deposits together accounted for 42% of the total deposits of the Bank. The Bank posted a NIM of 3.75% during Q3FY12, compared to 3.81% during Q3FY11 and 3.78% during Q2FY12. The Bank‟s advances grew 20% YOY from `1,23,533 crores as on 31st December 2010 to `1,48,739 crores as on 31st December 2011 while investments rose to `90,263 crores from `59,623 crores over the same period,

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up by 33% YOY. Recoveries and upgrades of `121 crores and write-offs of `243 crores during the quarter resulted in a closing position of `1. Compared to `2.915 crores of Gross NPAs on 31st December 2011. a decline of 13% YOY. the Bank added `535 crores to Gross NPAs. Fees in Business Banking grew 15% YOY. The share of trading profits to operating revenue was 3% in Q3FY12.701 crores (1. as against `1. compared to 1.10% as on 31st December 2011. The provision coverage (as a proportion of Gross NPAs) before accumulated write-offs was 87.08% as on 30th September 2011. compared to 5% in Q3FY11. NPAs and Restructured Assets Net NPAs.55% of gross customer assets). rose to `2. The Bank had provision coverage of 75. Page 2 of 7 . The Bank restructured loans aggregating `295 crores during Q3FY12.744 crores at the end of September 2011.09% as on 31st December 2010 and 1. Treasury and Debt Capital Markets fees grew 25% YOY and Agriculture & SME Banking fees grew 13% YOY.68%. rising to `1. Gross NPAs as a proportion of gross customer assets stood at 1. as a proportion of net customer assets were 0. with contributions from all the major businesses in the Bank.223 crores during Q3FY12 compared to `968 crores in Q3FY11.28% as on 31st December 2011 (as a proportion of Gross NPAs including prudential write-offs).733 crores during Q3FY11. Trading Profits The Bank generated `118 crores of trading profits during Q3FY12.34% as on 30th September 2011.39% as on 31st December 2011against 0. fee income during 9MFY12 stood at `3. The cumulative value of assets restructured till 31st December 2011.140 crores during Q3FY12 from `1.registering a growth of 51% YOY.400 crores. Fee income from Equity Capital Markets (including Trusteeship Services) contracted 12% YOY. During the quarter. The NII rose 23% YOY to `2. Fee income from Large and Mid Corporate Credit (including Infrastructure) grew 34% YOY. as compared to `135 crores during Q3FY11. 69% of these loans were restructured upto Q3FY11 and were more than a year old. Fee Income Fee income registered a growth of 26% YOY. Retail banking fees grew 26% YOY.559 crores during 9MFY11.

The Bank was assessed as the No.The segment-wise break-up of restructured assets as on 31st December 2011 is as follows: Large and Mid-Corporate Credit SME Agri. Retail advances grew from `25.96 lacs as on 31st December 2010 to 113. The Bank was also adjudged “Bank of the year – India 2011” by the Banker magazine and also won the award for the “Best Bank in the Private Sector” by NDTV.9 years 5.297 crores during Q3FY12 rising 45% over Q3FY11.43% Duration* 4 years 2.2 debt arranger for the half year ended September 2011 by Prime Database.919 crores related to government securities while `34. The distribution of the investment portfolio in the three categories as well as the modified duration as on 31st December 2011 in each category was as follows: Category HFT AFS HTM Percentage 6. 82% of the government securities have been classified in the HTM category while 96% of the Bonds & Debentures portfolio have been classified in the AFS category. of which. The bank was assessed No. equities.264 crores Page 3 of 7 .344 crores were invested in other securities such as corporate bonds. including Micro finance Capital Markets 75% 9% 11% 5% The sector-wise breakup of restructured assets as on 31st December 2011 was as follows: Shipping Petroleum Textiles Micro finance Iron & Steel Others Investment Portfolio The book value of the Bank‟s investment portfolio as on 31st December 2011 was `90.19% 37. mutual funds etc.1 Debt Arranger for Calendar Year 2011 by Bloomberg. `55.2 years 17% 17% 16% 8% 5% 37% * Excluding mutual funds and equity investment Business Overview Placement / Syndication The Bank arranged debt aggregating `30.191 crores as on 31st December 2010 to `33. 2011” from „The Asset Triple A Country Awards 2011‟ instituted by the Asset Magazine.38% 56.97 lacs as on 31st December 2011.Profit.263 crores. Retail Business The number of Savings Bank accounts grew from 91. The Bank also won awards for the “Best Domestic Bank – India 2011” & “Best Domestic Bond House – India. preference shares.

investment banking. somnath. as compared to 96 lac debit cards in force as on 31st December 2010. The Tier-I capital adequacy ratio was coins and bars .as on 31st December 2011. If the net profit of `2. International Business The Bank has seven international offices .58% respectively.965 crores for 9MFY12 is included. general insurance products. please contact Mr. a growth of 9%. the total CAR and Tier-I CAR as on 31st December 2011 would have been 13.25% as on 31st December 2011. The Bank's International Debit Card issuance has risen to 114 lac debit cards as on 31st December 2011. Somnath Sengupta. Dubai and Abu Dhabi which focus on corporate lending.46% as on 31st December 2010. online trading accounts and mutual funds of leading manufacturers as also wealth advisory services and Mohur . Retail Advances accounted for 22% of the total advances of the Bank as on 31st December 2011.134 crores as on 31st December 2011 growing 19% YOY from `18. The Bank offers personal investment products including life insurance products. The Bank had over 7. trade finance.axisbank.99 billion as on 31st December 2010.23 lac credit cards in force as on 31st December 2011.through select branches. a growth of 32% Page 4 of 7 . as on 31st December 2011. Executive Director & Chief Financial Officer.78%. as stipulated by Reserve Bank of India. as compared to USD 4.11% and 9. The total assets under overseas operations were USD 5. The Capital Adequacy Ratio (CAR) for the Bank was For information.sengupta@axisbank. The profit of 9M for both financial years has not been reckoned for computation of Tier-I capital.42 billion as on 31st December 2011. A presentation for investors is being separately placed on the Bank's website: www. Capital and Shareholders’ Funds The Shareholders‟ Funds of the Bank were `22.branches at Singapore. compared to 8.86% as on 31st December 2010. compared to 12. risk management and liability businesses. Dubai (at the DIFC) and Colombo and representative offices at Shanghai. Hong Kong. syndication.622 crores as on 31st December 2010.

448.54 Q3FY11 891.72 4.222.704.32 5.429.140.60 8.02 %Growth 25.59 90.` crore Financial Performance Net Profit EPS Diluted (`) Net Interest Income Other Income .254.20 1. depreciation) Operating Profit Core Operating Profit** Q3FY12 1.871.004.310.810.66 89.34 2.53 2.16 27.38 57.88 4.72 45.622.523.766.68 59.Trading Income .53 155.31 6.56 25.83 2.86 183.705.775.677.Fee Income .19 25.30 1.61 24.559.74 23.45 1.72 7.54 206.56 117.77 25.181.57 21.59 3.60 3.10 20.44 1.91 2.21 20.84 4.03 30.42 9MFY12 2.770.310.26 9.58 26.71 967.64 8.49 24.42 5.11 3.043.78 9MFY11 2.222.66 3.93 25.64 24.54 123.746.964.594.08 16.Trading Income ** Core Operating Profit = Operating Profit .34 (12.310.04 4.27 26.58 7.595.Miscellaneous Income Operating Revenue Core Operating Revenue* Operating Expenses (incl.59 * Core Operating Revenue = Operating Revenue .880.90 18.81 1.510.452.102.861.693.577.08 409.73 2.28 148.368.18 215.12 1.658.86 (50.532.66 23.739.00 17.99 3.147.65 134.393.733.38 24.01 269.45 269.36 21.46 32.16 2.941.05 4.48 1.69 2.23 438.89) 18.35 1.400.604.263.Trading Income ` crore Condensed Unconsolidated Balance Sheet CAPITAL AND LIABILITIES Capital Reserves & Surplus Deposits Borrowings Other Liabilities and Provisions Total ASSETS Cash and Balances with Reserve Bank of India and Balances with Banks and Money at Call and Short Notice Investments Advances Fixed Assets Other Assets Total 19.059.570.76 %Growth 23.705.88 206.94 71.66) 97.721.488.716.11 1.94 3.54 216.89 208.60 23.475.84 As on 31st December As on 31st December ’11 ’10 Page 5 of 7 .832.88 9.84 412.72 23.77 20.212.

20 20.263 269.297 39.Tier II & 0. & Total CAR and Tier-I CAR would be 13.67 13.86 47.58% on inclusion of 9MFY‟12 net profits of `2.772 25.11% & 9.31% 89.24 21.40 19.931 39.Tier I .204 37.86 11.67 32.39% 1.57% 121.134 & As on 31st December ’10 155.39 30.73 18.899 41.132 26.756 47.25% 3.700 33.29% 1.518 17.29% 123.29 Investments Balance Sheet Size Net NPA as % of Net Customer Assets Gross NPA as % of Gross Customer Assets Equity Capital Shareholders‟ Funds Capital Adequacy Ratio .693 86.880 62.083 20.78% 8.53% * Retail Advances are defined as loans to individuals other than Agricultural Credit.264 90.59 20.459 41.05 51.692 10.622 12.739 84.Current Account Deposits Demand Deposits as % of Total Deposits Term Deposits Demand Deposits on a Cumulative Daily Average Basis for the quarter Demand Deposits as % Total Deposits (CDAB basis) for the quarter Net Advances Large & Mid-Corporate SME Agriculture/Micro Finance Retail Advances* As on 31st December ’11 208.811 65.053 10.09% 410 18.` crore Business Performance Total Deposits Demand Deposits .799 42.42% 148.623 206.Savings Bank Deposits .190 59.86% 3.965 crore.937 71.24 35.310 0. Page 6 of 7 .10% 413 22.46% 8.533 70.94 31.706 0.34 -0.60% % Growth 33.

“objective”. “expect”. “intend”. “seek to”. “philosophy”. cash flow projections. future levels of non-performing loans. “will continue”. our provisioning policies. “should”. our exposure to market risks as well as other risks. uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. “will pursue” and similar expressions or variations of such expressions may constitute "forward-looking statements". Axis Bank Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. technological changes. our growth and expansion. the adequacy of our allowance for credit losses. These forward-looking statements involve a number of risks. “goal”. “estimate”. investment income. “plan”. These risks and uncertainties include. “project”. “aim”. “would”. “strategy”. “believe”. “will likely result”. statements in this release which contain words or phrases such as “will”. “contemplate”. “future”. “anticipate”. Page 7 of 7 . “may”. but are not limited to our ability to successfully implement our strategy.Safe Harbor Except for the historical information contained herein.