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

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2. The figures of last quarter 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 third quarter of the current financial year which was subject to limited review.



3. After making mandatory appropriations to Statutory Reserve, Investment Reserve and Capital Reserve, no profits are available for distribution as dividend for the year ended 31st March 2018. Accordingly, no dividend has been recommended by the Board of Directors for the year ended 31st March 2018.



4. ‘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.



5. During the quarter ended 31st March, 2018, the Bank allotted 2,414,594 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme.



6. During the current quarter, the Bank infused equity capital of `125 crores in Axis Finance Limited, a wholly owned subsidiary of the Bank.



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