Axis Bank Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2021

Notes:



1. Statement of Assets and Liabilities as on 30th June, 2021 is given below:

(` in lacs)

Particulars As on 30.06.2021 As on 31.03.2021 As on 30.06.2020

(Unaudited) (Audited) (Unaudited)

CAPITAL AND LIABILITIES

Capital 613,05 612,75 564,40

Reserves and Surplus 1,03,276,78 1,00,990,26 85,506,55

Deposits 7,13,862,15 6,97,985,29 6,15,654,96

Borrowings 1,50,937,75 1,42,873,16 1,42,836,05

Other Liabilities and Provisions 43,360,16 44,336,17 40,080,90

TOTAL 10,12,049,89 9,86,797,63 8,84,642,86

ASSETS

Cash and Balances with Reserve Bank of India 67,429,70 51,808,56 51,801,87

Balances with Banks and Money at Call and Short Notice 5,565,98 9,921,26 8,278,07

Investments 2,39,914,61 2,26,119,62 1,87,323,05

Advances 6,14,873,69 6,14,399,40 5,48,845,51

Fixed Assets 4,279,63 4,245,03 4,358,86

Other Assets 79,986,28 80,303,76 84,035,50

TOTAL 10,12,049,89 9,86,797,63 8,84,642,86





2. The figures of the last quarter of the previous year are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the previous year.



3. ‘Other income’ includes gains from securities’ transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, selling of third party products, ATM sharing fees, recoveries from written off accounts, etc.



4. During the quarter ended 30th June, 2021, the Bank allotted 1,519,865 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme.



5. In accordance with RBI circular DBR.No.BP.BC.1/21.06.201/2015-16 dated 1st July, 2015 on ‘Basel III Capital Regulations’ and RBI circular DBR.No.BP.BC.80/21.06.201/2014-15 dated 31st March, 2015 on ‘Prudential Guidelines on Capital Adequacy and Liquidity Standards Amendments’, banks are required to make Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III framework. The Bank has made these disclosures which are available on its website at the following link: https://www.axisbank.com/shareholders-corner/regulatory-disclosure/basel-III-disclosures. The disclosures have not been subjected to audit or limited review by the statutory auditors of the Bank.



6. COVID-19 virus, a global pandemic has affected the world economy including India. The extent to which the COVID-19 pandemic including the current second wave witnessed in the country, or future subsequent waves, will impact the Bank’s operations and asset quality will depend on the future developments, which are highly uncertain.



The Bank continues to hold provisions aggregating to Rs. 5,012 crores as at 30th June 2021 against the potential impact of COVID-19 (other than provisions held for restructuring under COVID 19 norms) based on the information available at this point in time. The provisions held by the Bank are in excess of the RBI prescribed norms.



7. The Bank was reporting structured collateralised foreign currency loans extended to customers and deposits received from the same customer on a gross basis as advances and deposits respectively. Effective Q1 FY22, the Bank has changed the aforementioned practice to report such structured collateralised foreign loans and deposits on a net basis for better presentation. Previous period figures have been regrouped and reclassified to conform to current classification. The aforesaid change has no impact on the profit of the Bank for the prior periods and the quarter ended 30th June 2021, and is not material given the Bank’s Balance Sheet size and consequently ratio’s for prior periods are not restated.

































8. Details of resolution plan implemented under the Resolution Framework for COVID-19-related Stress as per RBI circular dated August 6, 2020 are given below:

(` in crores except number of accounts)

Type of borrower (A) Number of accounts where resolution plan

has been implemented

under this window (B) Exposure to accounts mentioned at (A) before implementation of the plan* (C) Of (B), aggregate

amount of debt that was converted into other securities (D) Additional funding

sanctioned, if any, including between invocation of the plan and implementation (E) Increase in provisions on account of the implementation

of the resolution**

Personal Loans 8,021 503.71 - 6.23 191.19

Corporate persons 141 1,620.49 - 78.05 248.78

Of which, MSMEs - - - - -

Others - - - - -

Total 8,162 2,124.20 - 84.28 439.97

* represents fund based outstanding of accounts at the end of the month before the date of implementation of resolution plan

** represents provisions held by the Bank as on 30th June 2021, which are in excess of the RBI prescribed norms



As on 30th June, 2021, there are no cases where modifications have been implemented under Resolution Framework 2.0 in accounts where resolution plan was implemented under Resolution Framework 1.0.



9. The above results have been approved by the Board of Directors of the Bank at its meeting held today.



10. These results for the quarter ended 30th June, 2021 have been subjected to a "Limited Review" by the statutory auditors of the Bank.



11. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.