AXIS BANK ANNOUNCES QUARTER AND HALF YEAR RESULTS

Axis Mobile is the world’s3 highest rated mobile banking app on Google Play store with ratings of 4.8; 10 mn+ MAU4

Net Interest Income up 31% YOY and 10% QOQ, NIM at 3.96%, up 57 bps YOY and 36 bps QOQ, Fee up 20% YOY

Core operating profit up 43% YOY and 19% QOQ, Operating profit up 30% YOY & 31% QOQ

Retail loans up 22% YOY & 3% QOQ, SME up 28% YOY & 7% QOQ, Domestic total loans up 20% YOY & 4% QOQ

On QAB basis: CASA grew 13% YOY and 2% QOQ, CASA ratio1 stood at 46%, up 172 bps YOY & 251 bps QOQ

Overall capital adequacy ratio (CAR) including profit for H1FY23 stood at 17.72% with CET 1 ratio of 15.14%

GNPA% at 2.50% declined by 103 bps YOY & 26 bps QOQ, NNPA% at 0.51% declined by 57 bps YOY & 13 bps QOQ

~1.04 million credit cards issued in Q2, spends up 70% YOY with incremental spends share of 13% for last 9 months2

Q2FY23 PAT at Rs 5,330 crores, up 70% YOY, Consolidated ROA at 1.87%, ROE% at 18.90%, driven by NII growth, NIM expansion, higher fees and flat QOQ operating expenses