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Axis Bank Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018

1. Statement of Assets and Liabilities of the Bank as on 31st December, 2018 is given below.

(` in lacs)

PARTICULARS As on 31.12.2018 As on 31.03.2018 As on 31.12.2017

(Unaudited) (Audited) (Unaudited)

CAPITAL AND LIABILITIES

Capital 513,98 513,31 512,82

Reserves and Surplus 66,183,92 62,931,95 65,034,83

Deposits 5,14,092,11 4,53,622,72 4,08,966,69

Borrowings 1,44,669,38 1,48,016,15 1,40,874,02

Other Liabilities and Provisions 30,717,03 26,245,45 28,549,48

TOTAL 7,56,176,42 6,91,329,58 6,43,937,84

ASSETS

Cash and Balances with Reserve Bank of India 38,138,01 35,481,06 21,407,35

Balances with Banks and Money at Call and Short Notice 17,598,18 7,973,83 6,990,90

Investments 1,61,035,76 1,53,876,08 1,42,389,12

Advances 4,75,104,88 4,39,650,31 4,20,922,74

Fixed Assets 3,988,32 3,971,68 3,939,72

Other Assets 60,311,27 50,376,62 48,288,01

TOTAL 7,56,176,42 6,91,329,58 6,43,937,84


2.‘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.

3. During the quarter ended 31st December 2018, in addition to the regular provisions for NPA, the Bank has also made a contingent provision of `600 crores towards any potential slippages from the BB & Below pool of corporate loans. The same is classified under ‘Other liabilities and Provisions’ in the Statement of Assets and Liabilities of the Bank.

4. During the quarter ended 31st December, 2018, the Bank has allotted 7,94,555 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme.

5. During the current quarter, the Bank infused capital in the form of Non-cumulative convertible preference shares of `13.40 crores in A.Treds Limited, a subsidiary of the Bank.

6. During the current quarter, there was a conversion of subordinated term loan of USD 25 million extended to Axis Bank UK Limited, a wholly owned subsidiary of the Bank into equity capital of the same amount by subscription to 25 million fully paid up equity shares of face value of USD 1 each.

7. 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: http://www.axisbank.com/investor-corner/baselIII-disclosures.aspx. The disclosures have not been subjected to audit or limited review by the statutory auditors of the Bank.

8. The above results have been approved by the Board of Directors of the Bank at its meeting held at Mumbai today.
9. These results for the quarter and nine months ended 31st December, 2018 have been subjected to a "Limited Review" by the statutory auditors of the Bank.



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