Sy

nopsi
sRepor
tOn
‘
Anal
ysi
sofWor
kingCapi
talManagement
’
“
AXI
SBANK”

[
MBAThi
rdSemest
er2022-23]

MASTEROFBUSI
NESSADMI
NISTRATI
ON[
MBA]

Fr
om
Pat
elCol
legeOfSci
enceAndTechnol
ogy
,Indor
e
Af
fi
li
atedby

Dev
iAhi
ly
aVi
shwav
idy
alay
a,I
ndor
e

Summi
tedBy Undert
heSuper
visi
onof

VI
NITAROKADE Pr
ofDr
.Mohi
tKumarPandi
t

Enr
olmentNo.DC1414785 (
Proj
ectGui
de)
 I
NTRODUCTI
ON

Managementofworkingcapi
talincl
udesconsiderat
ionfornetworkingcapit
al,by
managi
ngcurrentassetsto cur
rentli
abil
i
ties.Thismeansor gani
zati
onhav et o
f
actori
nacert
ainamountofri
sk-r
eturntr
ade-off
sinthedeci
sionmakingprocess.

I
nordert
oav oi
dproblemsor
ganiz
ationhast omakegooddeci
sionswhi
chov
erl
ap
bet
weencur
rentasset
sandcurr
entli
abil
i
tiesareused.

Theessenceofthestudyi
sthatthehighestvaluedasset
sofabankingcompanyare
i
tswor ki
ngcapit
alwhichconsti
tut
est hemaj orpartoftot
alcapi
talofthebanki
ng
company.Ithel
pstoknowt hecurrentcondi
tionofthebankthetotalamountofit
s
cur
rentasset
s&t ot
alamountofcurrentl
iabi
l
ities.

Iam rel
ivi
ngtheoret
icalaspectsrelatedt oworki
ngcapit
almanagementintheAxi
s
Bank,profi
leofAxisBank,maj orotherbankswhoi sthecompeti
torsofAxi
sBank
andanal y
sisoftheirperf
ormance&gr owth,anal
ysi
s&i nt
erpr
etat
ionofworki
ng
capi
talofAxisBankgivesoverall
financialvi
ewofAxisBankinthebanki
ngsect
or.

RATI
ONALEOFSTUDY

Worki
ngcapi
talanal
ysi
sisusedt
odeter
minet
hel
i
qui
dit
yandsuf
fi
ciencyofcur
rent
asset
sincompari
sontocurr
entl
i
abi
li
ti
es.

Worki
ngcapit
ali
susedtofundoper at
ionsandmeetshort-
ter
m obli
gations.I
fa
companyhasenoughworkingcapit
al,i
tcancont
inuetopayit
sempl oyeesand
suppl
i
ersandmeetotherobli
gati
ons,suchasint
erestpay
ment sandtaxes,eveni
fit
runsi
ntocashfl
owchall
enges.
 LI
TERATUREREVI
EW

Indept hanalysi
st el
lsthatmosti ncaseresearchwor kisobservedandfocusedmai nl
yon
twoaspect s,workingcapi t
al onpr of
it
abili
tyoffi
rm andwor ki
ngcapitalmanagement .
The
chiefissueswi t
hpr evi
ousliteraturearelackofsurvey -
basedapproachandlackof
met hodicalt
heoryadv ancest udy ,whi
chgi vesdi
rectionandideaforfut
ureresear
ch.The
proposedf utureresearchdirectionisgiveninthi
spapermayhel ptodevel
opabet ter
understandingofdet er
mi nant sandpr acti
cesofwor kingcapi
talmanagement .

OBJECTI
VESOFTHESTUDY

Theobj
ect
ivesofpr
ojectonManagementofwor
kingcapi
tal
areasf
oll
ows-
:

 Todet erminepolicyregardi
ngpr ofi
tabi
li
ty,
li
quidit
yandr iskbyconsi
dering
company ’sobjectiv
es.
 Todet erminethequant um andst r
uctureofcurrentassets.
 Determiningtherelati
onshipbetweent hecurrentassetsandcurrentl
iabil
i
ties
andhencel iqui
dityisdetermined.
 Optimizati
onoft heamountofsal esandinvestmentinr ecei
vabl
es.
 AnalysisofFinancialStat
ement s
 RESEARCHMETHODOLOGY

1.
1. Pr
imar
yDat
a:

Thei
nfor
mat
ioni
scol
l
ect
edt
hrought
hepr
imar
ysour
cesl
i
ke:

1.Collecti
ngdat
athr
oughUnstr
uctur
edI
ntervi
ewsoft
heexecut
iveand
Discussionwi
thMr.Ashut
oshKumar(
Team Leader
)oft
heFinance
depar t
mentofAxi
sBankHauzKhasBranch.

2.Get
ti
ngi
nfor
mat
ionbyobser
vat
ionse.
g.i
nBusi
nesspr
ocesses.

1.
2. Secondar
yDat
a:

Themethodol
ogy,Ihaveadoptedformyst udyi
sthevari
oustool
s,whi
ch
basi
cal
l
yanalyzecri
ti
call
yfi
nancialposi
ti
onoftotheorgani
zati
on:

1.Common-
SizeP/
LA/
C.

2.Common-
SizeBal
anceSheet
.

3. Compar
ati
veP/
LA/
C

4.Compar
ati
veBal
anceSheet
.

5.Tr
endAnal
ysi
s.

6.Rat
ioAnal
ysi
s.

7.Annual
Repor
tsoft
hecompany
.

8.Of
fi
cemanual
soft
hedepar
tment
.

9.Magazi
nes,
Repor
tsi
nthecompany

10.
Pol
i
cydocument
sofv
ari
ousdepar
tment
s.
Theabov epar amet ersareusedf orcri
ti
calanal
ysisoff i
nanci alpositi
on.Wi ththe
evaluati
onofeachcomponent ,t
hef inanci
alposit
ionf r
om diff er
entangl esistr
ied
tobepr esentedi nwel landsystemat i
cmanner .Bycr i
ti
calanal y si
switht hehelp
ofdi ff
erentt ools,itbecomescl earhow t hef inanci
almanagerhandl est he
fi
nancemat tersinpr ofi
tabl
emanneri nthecriti
calchallengingat mospher e,the
recommendat ionaremadewhi chwoul dsuggestt heor ganizationinfor mulat
ion
ofaheal thyandst rongpositi
onfinancial
lywit
hpr opermanagementsy stem.

REFERENCES
 Axis Bank Limited
AUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2022

(` in lacs)
FOR THE FOR THE
PARTICULARS YEAR YEAR
ENDED ENDED
31.03.2022 31.03.2021
(Audited) (Audited)
Cash flow from operating activities
Net profit before taxes 18,841,86 9,693,19
Adjustments for:
Depreciation on fixed assets 1,048,99 979,39
Depreciation on investments (264,48) 1,329,08
Amortisation of premium on Held to Maturity investments 823,78 592,12
Provision for Non-Performing Assets (including bad debts)/restructured
7,580,80 12,344,85
assets
Provision on standard assets and others 2,230,28 3,331,38
Employee Stock Options Expense 150,77 -

Adjustments for:
(Increase)/Decrease in investments (24,189,72) (19,644,00)
(Increase)/Decrease in advances (106,571,94) (63,518,12)
Increase /(Decrease) in deposits 122,611,53 65,466,21
(Increase)/Decrease in other assets 2,920,04 4,801,71
Increase/(Decrease) in other liabilities & provisions 7,401,45 (715,93)
Direct taxes paid (4,446,06) (2,027,00)
Net cash flow generated/(used) from operating activities 28,137,30 12,632,88

Cash flow from investing activities

Purchase of fixed assets (1,408,97) (938,44)
(Increase)/Decrease in Held to Maturity investments (25,830,38) (53,269,92)
Proceeds from sale of fixed assets 7,25 13,54
Net cash generated/(used) in investing activities (27,232,10) (54,194,82)

Cash flow from financing activities

Proceeds from issue/(Repayment) of subordinated debt, Additional Tier
(2,377,45) -
I instruments (net)
Increase/(Decrease) in borrowings (excluding subordinated debt,
49,906,90 (2,931,44)
Additional Tier I instruments (net))
Proceeds from issue of share capital 1,20 48,41
Proceeds from share premium (net of share issue expenses) 275,83 10,102,17
Increase in minority interest 87,60 60,19
Net cash generated/(used) from financing activities 47,894,08 7,279,33

Effect of exchange fluctuation translation reserve 119,87 (92,80)

Net increase/(decrease) in cash and cash equivalents 48,919,15 (34,375,42)
Cash and cash equivalents at the beginning of the year 63,424,36 97,799,77
Cash and cash equivalents at the end of the year 1,12,343,51 63,424,36

Axis Bank Limited Group

Page 10 of 11
 Segmental Results

(` in lacs)

FOR THE FOR THE FOR THE FOR THE FOR THE
QUARTER QUARTER QUARTER YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
31.03.2022 31.12.2021 31.03.2021 31.03.2022 31.03.2021
(Audited refer (Audited
(Unaudited) (Audited) (Audited)
note 4) refer note 4)

1 Segment Revenue

A Treasury 6,068,04 5,376,02 4,382,61 21,796,18 18,390,62

B Corporate/Wholesale Banking 6,796,42 7,201,61 6,779,07 27,394,80 27,662,85
C Retail Banking 19,728,22 18,512,29 17,051,14 73,037,72 66,647,57
D Other Banking Business 1,095,76 852,28 720,57 3,207,80 2,246,10
E Unallocated - - - - -
Total 33,688,44 31,942,20 28,933,39 1,25,436,50 1,14,947,14
Less : Inter segment revenue 10,687,75 9,851,01 9,083,28 39,322,31 36,972,86

Income from Operations 23,000,69 22,091,19 19,850,11 86,114,19 77,974,28

Segment Results After Provisions

2
& Before Tax
A Treasury 1,129,14 1,207,96 566,24 5,065,22 3,399,92
B Corporate/Wholesale Banking 1,983,23 2,133,66 1,970,03 7,360,18 2,102,68
C Retail Banking 1,963,22 1,345,15 904,79 4,162,76 2,685,82
D Other Banking Business 827,10 614,62 516,14 2,341,30 1,561,66
E Unallocated - - - - -
Total Profit Before Tax 5,902,69 5,301,39 3,957,20 18,929,46 9,750,08

3 Segment Assets

A Treasury 4,40,150,42 4,20,611,12 3,47,303,30 4,40,150,42 3,47,303,30

B Corporate/Wholesale Banking 3,16,036,13 3,16,779,39 2,94,460,96 3,16,036,13 2,94,460,96
C Retail Banking 4,29,210,37 3,83,309,60 3,49,570,37 4,29,210,37 3,49,570,37
D Other Banking Business 1,596,68 1,379,31 1,058,11 1,596,68 1,058,11
E Unallocated 8,534,91 8,704,41 8,611,80 8,534,91 8,611,80
Total 11,95,528,51 11,30,783,83 10,01,004,54 11,95,528,51 10,01,004,54

4 Segment Liabilities

A Treasury 2,14,807,66 1,95,374,97 1,58,193,14 2,14,807,66 1,58,193,14

B Corporate/Wholesale Banking 1,92,658,10 1,86,543,90 1,76,523,57 1,92,658,10 1,76,523,57
C Retail Banking 6,67,243,16 6,32,727,27 5,60,304,50 6,67,243,16 5,60,304,50
D Other Banking Business 242,04 227,03 219,95 242,04 219,95
E Unallocated 2,467,66 2,389,50 2,169,68 2,467,66 2,169,68
Total 10,77,418,62 10,17,262,67 8,97,410,84 10,77,418,62 8,97,410,84
5 Capital and Other Reserves 1,18,109,89 1,13,521,16 1,03,593,70 1,18,109,89 1,03,593,70
6 Total (4 + 5) 11,95,528,51 11,30,783,83 10,01,004,54 11,95,528,51 10,01,004,54
Note:

I. Effective 1st April, 2021, the Bank has made a change to its segmental reporting by realigning non-retail term deposits from the Treasury segment to the
Retail Banking segment. This segment reporting change reflects a corresponding change in how the Bank manages this portfolio and reviews financial
information in order to allocate resources and assess performance. In conjunction with this change, certain prior period numb ers have been recast to
conform to the new segment reporting structure. There is no impact of this change on the aggregate segmental profit before tax of the Bank.
II. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.

For and on behalf of the Board

Place: Mumbai AMITABH CHAUDHRY

Date: 28th April, 2022 www.axisbank.com MD & CEO

Page 11 of 11
Axis Bank|Internal

Profit & Loss Account: Period ended 31st March 2022

Operating Profit and Net Profit

The Bank’s operating profit for the quarter grew 13% YOY and 5% QOQ to `6,466 crores. Net profit grew 54% from `2,677
crores in Q4FY21 to `4,118 crores in Q4FY22.

Net Interest Income and Net Interest Margin

The Bank’s Net Interest Income (NII) grew 17% YOY and 2% QOQ to `8,819 crores. Net interest margin (NIM) for Q4FY22
stood at 3.49%.

Other Income
Fee income for Q4FY22 grew 11% YOY and 12% QOQ to `3,758 crores. Retail fees grew 14% YOY and 14% QOQ; and
constituted 66% of the Bank’s total fee income. Retail assets (excl. cards) fees grew 41% YOY and 16% QOQ. The
corporate & commercial banking fees together grew 7% YOY and 10% QOQ. The trading profits and miscellaneous income
for the quarter stood at `231 crores and `234 crores respectively. Overall, non-interest income (comprising of fee, trading
profit and miscellaneous income) for Q4FY22 stood at `4,223 crores, up 19% YOY and 10% QOQ.

Provisions and contingencies

Specific loan loss provisions for Q4FY22 were `602 crores compared to `790 crores in Q3FY22.

The Bank has not utilized Covid provisions during the quarter. The Bank holds cumulative provisions (standard + additional
other than NPA) of `12,428 crores at the end of Q4FY22. It is pertinent to note that this is over and above the NPA
provisioning included in our PCR calculations. These cumulative provisions translate to a standard asset coverage of 1.77%
as on 31st March, 2022. On an aggregated basis, our provision coverage ratio (including specific + standard + additional +
Covid provisions) stands at 132% of GNPA as on 31st March, 2022.

Credit cost for the quarter ended 31st March, 2022 stood at 0.32%, declining by 116 bps YOY and 12 bps QOQ.

FY22 Financial Performance:

Net Interest Income for FY22 grew 13% YOY to `33,132 crores from `29,239 crores. Fee income grew 22% YOY to `13,001
crores. Operating profit grew by 7% to `24,742 crores from `23,128 crores in FY21. Total provisions for FY22 stood at
`7,359 crores, down 49% over the same period last fiscal. Net Profit for FY22 grew 98% to `13,025 crores from `6,588
crores in FY21.

3
Axis Bank|Internal

Balance Sheet: As on 31st March 2022

The Bank’s balance sheet grew 19% YOY and stood at `11,75,178 crores as on 31st March 2022. The total deposits grew
by 19% YOY on quarterly average balance (QAB) basis and 18% YOY on period end basis. On QAB basis, savings account
deposits grew 19% YOY and 2% QOQ, current account deposits grew 19% YOY and 3% QOQ; and retail term deposits
(RTD) grew 6% YOY and declined 1% QOQ. On QAB basis, CASA and RTD deposits put together grew 13% YOY and 1%
QOQ. On QAB basis, the share of CASA plus RTD deposits in total deposits stood at 81% as of 31st March 2022.

The Bank’s advances grew 15% YOY and 6% QOQ to `7,07,696 crores as on 31st March 2022. The Bank’s loan to deposit
ratio stood at 86%. Retail loans grew 21% YOY and 9% QOQ to `3,99,891 crores and accounted for 57% of the net
advances of the Bank. The share of secured retail loans was ~ 80%, with home loans comprising 36% of the retail book.
Home loans, Small business Banking and Rural loans portfolio grew 18% YOY, 60% YOY, & 29% YOY respectively.
Unsecured personal loans and credit card advances grew 15% YOY and 19% YOY respectively. SME loan book grew 26%
YOY and 13% QOQ to `77,067 crores. 96% of the SME book is secured with predominantly working capital financing, and
is well diversified across geographies and sectors. Corporate loan book grew 4% YOY and was flat QOQ to `2,30,738
crores. 88% of corporate book is now rated A- and above with 92% of incremental sanctions in FY22 being to corporates
rated A- and above.

The book value of the Bank’s Investments portfolio as on 31st March 2022, was `2,75,597 crores, of which `2,24,763 crores
were in government securities, while `45,143 crores were invested in corporate bonds and `5,691 crores in other securities
such as equities, mutual funds, etc. Out of these, 70% are in held till maturity (HTM) category, while 28% of investments
are available for sale (AFS) and 2% are in held for trading (HFT) category.

Payments and Digital

The Bank issued 1.1 million new credit cards in Q4FY22, highest ever for the quarter in Bank’s history, taking the overall
new card additions to 2.7 mn for the year. The Bank crossed a significant milestone of 2 million Flipkart Axis Bank Credit
Cards in force, making it one of the fastest growing co-branded portfolios since its launch in July 2019. During the quarter,
the Bank also entered into a strategic partnership with Airtel that will provide it an opportunity to offer credit cards and
various digital financial offerings to Airtel’s 340 million customers.

Axis Bank continues to remain among the top players in the Retail Digital banking space.
• 122% - YOY growth in total UPI transaction value in Q4FY22. Market share in UPI transactions at 15%
• 97% - YOY growth in mobile banking transaction volumes in Q4FY22, with market share of 14%
• 91% - Share of digital transactions in the Bank’s total financial transactions by individual customers in FY22
• 70% - SA accounts opened through tab banking in FY22
• 68% - Retail term deposits (by volume) opened digitally in FY22
• 46% - New mutual fund SIPs sourced (by volume) through digital channels in FY22

4
Axis Bank|Internal

The Bank’s focus remains on reimagining end-end journeys and transforming the core and becoming a partner of choice
for ecosystems. The Bank now has over 80 partnerships across ecosystem and has over 300 APIs hosted on its API
Developer Portal. On WhatsApp banking, the Bank now has over 4 million customers on board since its launch in 2021. We
have ~ 5.6 million non-Axis Bank customers using our Axis mobile and Axis Pay apps

Wealth Management Business – Burgundy

The Bank’s wealth management business has seen strong growth and is among the largest in India with assets under
management (AUM) of over `2,60,768 crores as at end of 31st March 2022. Burgundy Private for the high and ultra-high
net worth clients, covers over 3,490 families from 1,666 families in last one year. The AUM for Burgundy Private increased
74% YOY to `86,959 crores.

Capital Adequacy and Shareholders’ Funds

The shareholders’ funds of the Bank grew 4% QOQ and stood at `1,15,025 crores as on 31st March 2022. Under Basel III,
the Capital Adequacy Ratio (CAR) and CET1 ratio as on 31st March 2022 were 18.54% and 15.24% respectively.
Additionally, the Bank held `5,012 crores of COVID provisions, not considered for CAR calculation providing cushion of 60
bps over the reported CAR. The Book value per equity share increased from `332 as of 31st March, 2021 to `375 as of 31st
March, 2022.

Dividend
The Board of Directors has recommended dividend of `1 per equity share of face value of `2 per equity share for the year
ended 31st March 2022. This would be subject to approval by the shareholders at the next annual general meeting.

Asset Quality
As on 31st March, 2022 the Bank’s reported Gross NPA and Net NPA levels were 2.82% and 0.73% respectively as against
3.17% and 0.91% as on 31st December 2021.

Gross slippages during the quarter were `3,981 crores, compared to `4,147 crores in Q3FY22 and `5,285 crores in Q4FY21
(as per IRAC norms). Recoveries and upgrades from NPAs during the quarter were `3,763 crores Consequently, the net
slippages in NPAs (before write-offs) for the quarter of `218 crores as compared to `860 crores in Q3FY22 and `1,822
crores in Q4FY21. The net slippages in retail were `193 crores, commercial banking was `85 crores and wholesale banking
were negative `60 crores. In addition to recoveries and upgrades previously mentioned, recoveries from written off accounts
were `719 crores. Hence on aggregate, the slippages were lower than recoveries, upgrades and collections from written
off accounts. The Bank in the quarter wrote off NPAs aggregating `1,696 crores.

As on 31st March 2022, the Bank’s provision coverage, as a proportion of Gross NPAs stood at 75%, as compared to 72%
as at 31st March 2021 and 72% as at 31st December 2021.

The fund based outstanding of standard restructured loans implemented under resolution framework for COVID-19 related
stress (Covid 1.0 and Covid 2.0) declined during the quarter and as at 31st March 2022 stood at `4,029 crores that translates
5
Axis Bank|Internal

to 0.52% of the gross customer assets. The Bank carries a provision of ~ 24% on restructured loans, which is in excess of
regulatory limits.

Network
As on 31st March 2022, the Bank had a network of 4,758 domestic branches and extension counters situated in 2,702
centres compared to 4,594 domestic branches and extension counters situated in 2,596 centres as at end of 31st March
2021. As on 31st March 2022, the Bank had 10,990 ATMs and 5,972 cash recyclers spread across the country. The Bank’s
Axis Virtual Centre is present across six centres with over 1,500 Virtual Relationship Managers as on 31st March 2022.

Key Subsidiaries’ Performance

The Bank’s domestic subsidiaries delivered strong performance with reported total PAT of `1,195 crores, up 44% YOY.

• Axis AMC: Axis AMC continued to strengthen its positioning driven by strong leadership team and innovative
product launches. Axis AMC’s average AUM for the quarter grew by 32% YOY to `2,59,818 crores. Its FY22 PAT
grew 47% YOY to `357 crores from `242 crores in FY21.

• Axis Finance: Axis Finance has been investing in building a strong customer focused franchise. Retail book
constituted 33% of total loans while the focus in wholesale business continues to be on well rated companies and
cash flow backed transactions. Axis Finance remains well capitalized with Capital Adequacy Ratio of 20%. The
asset quality metrics remain stable with net NPA at 0.46% with near zero restructuring. Axis Finance Q4FY22 PAT
was `113 crores, up 56% YOY. FY22 PAT grew 72% YOY to `364 crores from `211 crores in FY21.

• Axis Capital: Continued to maintain its leadership position in ECM. Axis Capital completed 44 ECM transactions
in FY22. It’s PAT for FY22 grew by 20% YOY.

• Axis Securities: Axis Securities’ broking revenues for Q4FY22 & FY22 grew 36% and 56% YOY to `179 crores
`662 crores respectively, net profit for Q4FY22 & FY22 grew by 21% and 40% YOY to `58 crores and `232 crores
respectively.

6
Axis Bank|Internal

` crore
Financial Performance Q4FY22 Q4FY21 % Growth FY22 FY21 % Growth
Net Interest Income 8,819 7,555 17% 33,132 29,239 13%

Other Income 4,223 3,541 19% 15,221 12,264 24%

- Fee Income 3,758 3,376 11% 13,001 10,686 22%
- Trading Income 231 22 957% 1,626 1,218 34%
- Miscellaneous Income 234 143 64% 593 360 65%

Operating Revenue 13,042 11,096 18% 48,353 41,503 17%

Core Operating Revenue* 12,812 11,079 16% 46,705 40,279 16%
Operating Expenses 6,576 5,359 23% 23,611 18,375 28%
Operating Profit 6,466 5,737 13% 24,742 23,128 7%
Core Operating Profit* 6,235 5,720 9% 23,094 21,903 5%

Net Profit/(Loss) 4,118 2,677 54% 13,025 6,588 98%

EPS Diluted (`) annualized 54.27 35.37 42.35 22.09
Return on Average Assets (annualized) 1.46% 1.11% 1.21% 0.70%
Return on Equity (annualized) 15.87% 11.72% 12.91% 7.55%
* excluding trading profit and gain/loss on capital repatriated from overseas branch/subsidiary

` crore
As on As on
Balance Sheet
31st March’22 31st March’21
CAPITAL AND LIABILITIES
Capital 614 613
Reserves & Surplus 1,14,411 1,00,990
Employee Stock Option Outstanding (net) 149 -
Deposits 8,21,721 6,97,986
Borrowings 1,85,134 1,42,873
Other Liabilities and Provisions 53,149 44,336
Total 11,75,178 9,86,798
ASSETS
Cash and Balances with RBI and Banks and
1,10,987 61,730
Money at Call and Short Notice
Investments 2,75,597 2,26,120
Advances 7,07,696 6,14,399
Fixed Assets 4,572 4,245
Other Assets 76,326 80,304
Total 11,75,178 9,86,798

Note - Prior period numbers have been regrouped as applicable for comparison.

]` crore
7
Axis Bank|Internal

As on As on %
Business Performance
31 March ’22
st
31 March ’21
st Growth
Total Deposits (i)+(ii) 8,21,721 6,97,986 18%

(i) Demand Deposits 3,69,755 3,17,749 16%

- Savings Bank Deposits 2,42,449 2,04,473 19%
- Current Account Deposits 1,27,306 1,13,276 12%
Demand Deposits as % of Total Deposits 45% 45%

(ii) Term Deposits 4,51,966 3,80,237 19%

- Retail Term Deposits 2,86,612 2,75,607 4%
- Non Retail Term Deposits 1,65,354 1,04,630 58%

Demand Deposits on a Quarterly Daily Average Basis (QAB) 3,30,227 2,76,775 19%
Demand Deposits as % of Total Deposits (QAB) 43% 42%

Net Advances (a) +(b) + (c) 7,07,696 6,14,399 15%

(a) Corporate 2,30,738 2,22,164 4%
(b) SME 77,067 60,931 26%
(c) Retail 3,99,891 3,31,304 21%

Investments 2,75,597 2,26,120 22%

Balance Sheet Size 11,75,178 9,86,798 19%

Gross NPA as % of Gross Customer Assets* 2.82% 3.70%

Net NPA as % of Net Customer Assets* 0.73% 1.05%

Equity Capital 614 613 0.2%

Shareholders’ Funds 1,15,025 1,01,603 13%
Capital Adequacy Ratio (Basel III) 18.54% 19.12%
- Tier I 16.34% 16.47%
- Tier II 2.20% 2.65%
*as per IRAC norms