Slides
Page 1
NSE: AXISBANK BSE: 532215 LSE (GDR): AXB Investor Presentation Quarterly Results Q3FY26
Page 2
Quarterly Results Q3FY26 2 Cumulative provisions (standard + additional non-NPA) Axis Bank at a glance Axis Bank Market Share ~ 54 mn Customers 1,01,850+ Employees 3.64% Net Interest Margin 5 2.33% Cost to Assets 5 2.50% Operating Profit Margin 5 Balance Sheet 16.55% | 14.50% Profitability Key Subsidiaries 1Domestic network including extension counters; 2 Based on RBI data as of Dec 31, 2025 3 UPI payer PSP space market share by volume for Q3FY26 4 Credit Cards in force market share as of Dec’25 5 for Q3FY26 6 CAR – Capital Adequacy ratio; CET 1 – Common Equity Tier 1 ratio; 7 for 9MFY26 PCR Net NPACAR 6 CET 16 `131 Bn | 1.14% 70% | 0.42% 3rd largest Private Bank in India 6,110 Branches 1 12% YOY growth in Axis Finance PAT 7 20% YOY growth in Axis Capital PAT 7 `270 crores Axis Securities PAT 7 20% YOY growth in Axis AMC PAT 7 14.15% Consolidated ROE 5 Traditional Banking Segment Digital Banking Segment 5.2% Assets 2 5.5% Advances 2 5.0% Deposits 2 ~ 39% UPI 3 ~ 14% Credit Cards 4
Page 3
Quarterly Results Q3FY26 3 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 4
Quarterly Results Q3FY26 4 1QAB: Quarterly Average Balance; MEB: Month End Balance; 2Bank’s focus segments include Small Business Banking (SBB), Small & Medium Enterprises (SME), Mid Corporate, Rural, Personal Loans (PL) and Credit Card Advances 3 Market share for Q3Y26; 4 NPCI data for top 50 UPI Remitter Members, last 12 months average as of Dec’25; 5 Based on RBI data as of Dec’25; 6 MAU: Monthly Active Users engaging in financial & non-financial transactions; 7 Coverage Ratio = Aggregate provisions (specific + standard + additional + other contingencies) / IRAC GNPA; 8 Annualised Major highlights for Q3FY26 Strong deposit growth delivered on QAB1 and MEB1 basis aided by healthy CASA inflows Healthy core operating performance aided by stable NII and healthy fee income • YOY MEB1 | QAB1 basis, total deposits grew 15% | 12%; term deposits grew 16% | 14%, CA grew 20% | 10%, SA grew 11% | 8%, respectively • QOQ MEB1 | QAB1 basis total deposits grew 5% | 5%, term deposits grew 6% | 6%, CA grew 7%| 5%, SA grew 1% | 2%, respectively • MEB1 CASA ratio at 39%, continues to be amongst the best across large peer banks • Q3FY26 cost of funds decreased by 39 bps YOY and 8 bps QOQ • Net Interest Income up 5% YOY and 4% QOQ, Net Interest Margin (NIM) at 3.64% down 9 bps QOQ • Fee income grew 12% YOY; granular fee constituted 92% of overall fees and Retail fee up 12% YOY • Cost to assets at 2.33%, declined 15 bps YOY and 5 bps QOQ, delivered a positive jaw for 9MFY26 • Core Operating profit up 9% QOQ and 7% YOY Key subsidiaries delivered healthy performance Continue to maintain our strong position in Payments and Digital Banking • Maintaining our market leading position in UPI Payer PSP space with a market share of ~ 39%3 by volume, with lowest technical declines4 • Continues to be amongst the largest players in Merchant Acquiring business in India with a terminal market share of 21.4%5 • Acquired ~1mn cards in Q3FY26, with a market share of ~14%5 on the Cards in force • Axis Mobile app continue to be among the top rated mobile banking app on Google Play store and iOS store with a rating of 4.7 and 4.8, with ~15 mn MAU6 • Total 9MFY26 PAT of domestic subsidiaries at ₹1,490 crores up 6% YOY; Return on investments of ~ 52% in domestic subsidiaries • Axis Finance 9MFY26 PAT at ₹571 crores up 12% YOY, Stable asset quality metrics with net NPA at 0.36% • Axis AMC’s 9MY26 PAT at ₹454 crores up 20% YOY, Axis Securities 9MFY26 PAT at ₹270 crores • Axis Capital 9MFY26 PAT at ₹178 crores up 20%; executed 14 ECM and 3 non-ECM deals in Q3FY26 Well capitalized with adequate liquidity buffers • Overall capital adequacy ratio (CAR) stood at 16.55%, CET 1 ratio at 14.50%, net accreted 7 bps of CET-1 in Q3FY26 • Additional cushion of ~43 bps over the reported CAR, attributable to other provisions and one-time standard asset provision aggregating ₹6,243 crores • Excess SLR of ₹137,919 crores • Avg. LCR during Q3FY26 was ~116% Healthy loan growth delivered, retail/granular loan disbursements increasing steadily • Advances grew 14% YOY & 4% QOQ; Bank’s focus segments2 grew by 12% YOY and 3% QOQ • SBB+SME+MC at ₹2,800 bn | 24% of total loans, up ~705 bps in last 4 years • SME loans up 22% YOY and 6% QOQ, Corporate loans up 27% YOY and 7% QOQ of which Mid-Corporate (MC) up 31% YOY and 6% QOQ • Retail loans grew 6% YOY of which SBB book grew 14% YOY and 2% QOQ. Retail disbursements grew 20% YOY and 12% QOQ Stable Asset Quality • GNPA at 1.40% down 6 bps QOQ & YOY, NNPA at 0.42% down 2 bps QOQ, Retail asset quality stabilizing, net slippages & net credit costs lower than Q3FY25 • PCR healthy at 70%, Coverage 7 ratio at 146% • Gross slippage ratio 8 at 2.11% down 2 bps YOY, Net slippage ratio 8 at 1.11% down 29 bps YOY, Net credit cost 8 at 0.76%, down 4 bps YOY • Excluding Technical Impact: Gross slippage ratio 8 at 1.51% down 62 bps YOY, Net slippage ratio 8 at 0.95% down 45 bps YOY, Net credit cost 8 at 0.63%, down 17 bps YOY Strong YOY deposits and advances growth of 15% and 14% respectively, core operating profit up 9% QOQ, PAT up 28% QOQ, aided by steady NII and healthy fee income
Page 5
Quarterly Results Q3FY26 5 10,102 10,815 Q3FY25 Q3FY26 61% 39% 6,304 6,490 Q3FY25 Q3FY26 Key metrics for Q3FY26 Snapshot (As on 31st December 2025) CASA 15% YOY 56% 12% 32% Retail SME Corporate 6% YOY 14% YOY Profit After Tax (in ₹ crores) 14% YOY 9% YOY Core Operating Profit (in ₹ crores) 22% YOY 27% YOY Advances (1) 12% YOY (2) (2) (1) Deposits 3% YOY 1 Period end balances; 2 Quarterly average balance; 3 including profit after tax for 9M Absolute (₹ Cr) QOQ YOY Growth Q3FY26 Q2FY26 9MFY26 Q3FY26 Q3FY26 9MFY26 Net Interest Income 14,287 13,745 41,591 4% 5% 3% Fee Income 6,100 6,037 17,883 1% 12% 11% Operating Expenses 9,637 9,957 28,896 (3%) 7% 4% Operating Profit 10,876 10,413 32,803 4% 3% 5% Core Operating Profit 10,815 9,915 30,824 9% 7% 5% Profit after Tax 6,490 5,090 17,385 28% 3% (10%) Q3FY26 YOY Growth Total Assets 17,52,171 15% Net Advances 11,59,052 14% Total Deposits 12,60,786 15% Shareholders’ Funds 1,96,709 15% Q3FY26 / 9MFY26 Q3FY25 / 9MFY25 Diluted EPS (Annualised in `) 82.50/73.96 80.32 / 82.12 Book Value per share (in `) 634 553 Standalone ROA (Annualised %) 1.49% / 1.40% 1.64% / 1.71% Standalone ROE (Annualised %) 13.68% / 12.61% 15.37% / 16.43% Cons ROA (Annualised %) 1.57% / 1.44% 1.71% / 1.77% Cons ROE (Annualised %) 14.15% / 13.07% 15.78% / 16.88% Gross NPA Ratio 1.40% 1.46% Net NPA Ratio 0.42% 0.35% Basel III Tier I CAR 14.89% 15.01% Basel III Total CAR 16.55% 17.01% Balance Sheet Profit & Loss Key Ratios 3 3 7% YOY9% QOQ 28% QOQ
Page 6
Quarterly Results Q3FY26 6 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 7
Quarterly Results Q3FY26 7 10% 12% YOY 5% QOQ 6% 2,828 2,829 2,918 2,995 3,065 1,287 1,320 1,324 1,345 1,417 6,549 6,690 6,806 7,057 7,492 10,664 10,840 11,048 11,397 11,974 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 (12%) (63%) (25%) 56% 6,058 6,229 6,230 6,355 6,446 1,141 1,185 1,209 1,315 1,393 2,946 2,994 3,159 3,497 3,751 10,146 10,408 10,597 11,167 11,590 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 (12%) (56%) (32%) 1 Quarterly Average Balance 2 Average deposits from retail and small business customers as reported in Liquidity Coverage Ratio (LCR) disclosure for the period as proportion of total QAB deposits All figures in ₹ billion Deposit mix (QAB)1 Segment loan mix 22% 6% 14% 27% YOY 97%97% Share of Domestic Loans in overall loan book Deposit and Loan growth performance SA CA TD Retail SME Corporate 6% 4% QOQ 97%97% Proportion of Retail deposits as per LCR2 57% Cost of Deposits 5.07% 4.77%5.13% 4.83% 56% 55% 14% 5.19% 97% 8% 57% 56% 7% 57% 2% 5% 1%
Page 8
Quarterly Results Q3FY26 8 3% 1,939 2,281 2,711 2,985 2,772 4,393 4,472 6,234 6,059 6,865 6,331 6,753 8,946 9,044 9,637 Q3FY22 Q3FY23 Q3FY24 Q3FY25 Q3FY26 Staff cost Non-staff cost 6,162 9,277 9,141 10,534 10,876 5,795 8,850 8,850 10,102 10,815 Q3FY22 Q3FY23 Q3FY24 Q3FY25 Q3FY26 Operating profit & Core operating profit Operating Profit (OP) Core Operating Profit 8,653 11,459 12,532 13,606 14,286 3,840 4,572 5,555 5,972 6,226 12,493 16,031 18,087 19,758 20,512 Q3FY22 Q3FY23 Q3FY24 Q3FY25 Q3FY26 Operating revenue Net Interest Income Non-Interest Income 1% 3,614 5,853 6,071 6,304 6,490 Q3FY22 Q3FY23 Q3FY24 Q3FY25 Q3FY26 Q3FY26 Core operating profit up 9% QOQ, 7% YOY All figures in ₹ Crores Profit after tax OP Core OP YOY Operating expense YOY QOQ QOQ 3% 5% 6% 9% 3% 4% 5% 4% 7% YOY QOQ 7% 13% 7% 11% 4% YOY QOQ 28%
Page 9
Quarterly Results Q3FY26 9 60% 7% 3%1% 2% 27% Repo linked MCLR linked Other EBLR Base Rate linked Foreign currency- floating Fixed Net interest margin trend 3.93% 3.97% 3.80% 3.73% 3.64% 4.06% 4.08% 3.91% 3.82% 3.75% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 NIM - Overall NIM - Domestic Net interest Margin (NIM) 4.34% 4.75% 5.03% 5.17% 5.35% 5.43% 5.44% 5.45% 5.46% 5.50% 5.39% 5.15% 5.07% Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Cost of funds Cost of Funds 1External benchmark linked rate Advances mix by rate type ~ 73% of loans floating 1M, 0.4% 3M, 1% 6M, 2% 12M, 4% MCLR Duration Split (Dec-25) 1 3.73% 0.08%0.01% 3.64% NIM Q2 FY26 Interest reversal Spread NIM Q3 FY26 NIM Movement - Q2 FY26 to Q3 FY26
Page 10
Quarterly Results Q3FY26 10 41,654 30,564 21,557 14,450 10,041 Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 3.5% 2.3% 1.5% 0.9% 0.6% NIM has seen structural improvement led by multiple drivers Reducing share of low yielding RIDF bondsImprovement in balance sheet mix1 2 Composition reflected through average1 CASA% 3 42.9% 43.6% 42.5% 39.3% 38.0% FY22 FY23 FY24 FY25 9MFY26 Retail & SME as % of loan book 8.5% 5.1% 3.8% 3.9% 4.3% Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 Non INR book as % of overall loan book As a % to total assets 68% 84% 86% 88% 89% 90% Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 Loans and investments as % of total assets 1 Daily average CASA ratio for the period 67% 68% 71% 71% 37 bps # Decline in cost of CASA for 9MFY26 as compared to FY23 #
Page 11
Quarterly Results Q3FY26 11 24% 41% 18% 17% 25% 44% 15% 16% 24% 43% 17% 16% TPP Retail Cards & Payments Retail Assets excl cards & payments Retail Liabilities & others Q3FY25 Q2FY26 Q3FY26 1,574 1,600 1,695 1,768 1,743 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 3,881 4,738 4,051 4,269 4,358 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Retail Banking fees 12% YOY All figures in ₹ Crores • 7% YOY growth in Transactional Banking fees, forex & trade • 24% YOY growth in Credit fees • 11% YOY growth in Treasury fees (ex forex) Corporate & Commercial Banking fee 11% YOY Healthy growth in fees; granularity built across our business segments 71% 71% 30% 29%29% 25% 75% 74% 22% 4% 68% 29% 3% 71% 24% 5% Transaction Banking Credit Treasury (ex forex) Q3FY25 Q2FY26 Q3FY26 70% 29% Retail fee mix Corporate & Commercial Banking fee mix Trade, Forex and Financial Institutional payments related fee form part of Transaction Banking • 12% YOY growth in Third Party Products (TPP) related fees 71% • 16% YOY growth in Retail Cards & payments • 9% YOY growth in Retail Assets excl. Cards & Payments • 8% YOY growth in Retail Liability & others Segment contribution to total feesxx%
Page 12
Quarterly Results Q3FY26 9,044 9,637 189 163 241 Q3FY25 opex Volume linked Technology & Growth Business as Usual Q3FY26 opex Investments in IT Infra and digital journeys Increase in Statutory expenses and volume linked cost offset by lower Staff Cost Business volumes and change in rates Technology expenses are ~11% of total Opex for Q3 FY26 Includes impact of Increments rolled out in Q1 & statutory costs 32% 27% 41% 9% 5% 6% YoY% % in growth 23% 22% 24% 34% 32% 33% 43% 46% 43% Q3FY25 Q2FY26 Q3FY26 Volume linked Technology & Growth Business as Usual Break-up of operating expenses - 3% 9,044Rs. crs 9,957 9,637 7% -3% (1) (1) Net of reversals of accruals for staff expenses, no longer payable 2.17% 2.22% 2.55% 2.46% 2.41% 2.38% 2.33% FY22 FY23 FY24 FY25 Q1FY26 Q2FY26 Q3FY26 YOY 15 bps QoQ 5 bps Operating expenses grew at 7% YoY 12 Cost to Assets %
Page 13
Quarterly Results Q3FY26 13 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 14
Quarterly Results Q3FY26 14 14.43% 14.50% 0.43%0.50% CET-1 Sep'25 Accretion Consumption CET-1 Dec'25 15.40% 15.24% 14.02% 13.74% 14.67% 14.50% 3.72% 3.30% 3.62% 2.89% 2.40% 2.05% 19.12% 18.54% 17.64% 16.63% 17.07% 16.55% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 CET 1 CAR (AT1 + Tier 2) CAR 116% 129% 123% 118% 118% 120% 120% 115% 119% 118% 119% 119% 116% 100% Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Liquidity Coverage Ratio (consolidated) Bank's LCR (consolidated) Regulatory minimum LCR • The Bank holds excess SLR of `137,919 crores Strong capital position with adequate liquidity 73% 72% 75% 75% 74% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 RWA to Total Assets Bank’s Capital Adequacy Ratio
Page 15
Quarterly Results Q3FY26 15 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 16
Axis Bank Document Classification | Confidentiel Retail Banking 39% CASA ratio (MEB3) ~51 Mn Individual customers 2% QOQ growth in Rural advances `6.88 T n AUM in wealth management 56% Share of Advances1 71% Share in total fee4 6% YOY growth in Retail advances 8% | 11% YOY Growth in SA QAB2 | MEB3 deposits 4th Largest issuer of Credit Cards 1 Share in Bank’s total advances, 2 QAB: Quarterly Average Balance, 3 MEB: Month End Balance, 4 share in Bank’s total fee for Q3FY26
Page 17
Quarterly Results Q3FY26 17 The Deposit journey for Axis Bank should be looked at from three aspects… …with controlled movement in cost of deposits over the last 11 quarters and… … growing faster than the industry aided by improved acquisition and customer deepening. We continue to work on improving the granularization, to improve the quality of LCR deposits… 11.2% 11.8% 11.1% 15.0% 14.1% 14.0% 12.3% 14.2% 14.6% Last 1 yr Last 3 yrs CAGR Last 5 yrs CAGR Industry Axis (MEB) Axis (QAB) 1 2 3 2 21 1 Industry growth is based on the RBI disclosures as of December 31st, 2025. 2 QAB: Quarterly Average Balance; MEB: Month End Balance. Cost of deposits Source: 4.62% 4.79% 4.94% 5.06% 5.08% 5.08% 5.13% 5.19% 5.07% 4.83% 4.77% Q1 FY24 Q2 FY24 Q3 FY4 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 25.4% 26.0% 26.2% 27.2% 28.6% Dec'24 Mar'25 Jun'25 Sep'25 Dec'25
Page 18
Quarterly Results Q3FY26 18 …led by multiple initiatives across the Bank Digital, transformation PartnershipsPremiumization Enabled CASA opening at a third-party network on the eKYC platform, building a TD proposition on the eKYC platform Launched fully digitized tractor journey in SFDC New ‘Family Banking Program’ and benefits including super premium Magnus Card for Burgundy customers 49% YOY growth in individual RTD by value sourced digitally for Q3FY26 ~ 24K extensive distribution network of Common Service Centers (CSC) VLEs 2 Project NEO aiding higher contribution from transaction- oriented flow businesses SUVIDHA Salary remains amongst the best offerings available in the market today “Right fit” strategy to accelerate Premiumization ‘Burgundy Promise’ & ‘Burgundy Circle of Trust’ launched industry first servicing proposition Focus on Productivity & Micro market strategy SA New to Bank deposits1 up 14% YOY and balances1 per account up 53% YOY Calibrated branch expansion strategy Bharat Banking 14% YOY growth in Term Deposits 21% YOY growth in Salary Uploads in the NTB Salary book by Dec’25 Siddhi empowering Axis Bank colleagues to engage with customers seamlessly 75% of customer requests serviced digitally as part of Branch of the Future 31% CAGR in Burgundy wealth management AUM since Mar’20 2.78 mn Retail Term Deposits acquired in Q3FY26 Exclusively curated product propositions 32% YOY growth in Premium acquisitions in NTB Salary book by Dec'25 1Based on Monthly daily average basis (MDAB) 2 Village Level Entrepreneurs 3 QAB 3
Page 19
Quarterly Results Q3FY26 19 ₹2.55 Tn 1.47 2.13 2.61 3.57 5.37 5.92 6.35 6.88 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Amongst one of the leading player in India’s Wealth Management space Burgundy Private Client Base Overall Burgundy AUM1 has grown strongly All figures In ₹ Tn 31% CAGR1 1 CAGR for period Mar-20 to Dec-25 8% YOY 7% QOQ Burgundy Private 3-in-1 Cards Burgundy Private AUM 19% YOY 4% QOQ 15,675 17,582 21% YOY 3% QOQ 50% YOY 9% QOQ
Page 20
Quarterly Results Q3FY26 20 48%50%52% 66%77%80% Auto loanSBBCredit CardHLLAPPersonal Loan in ₹ Crores Dec-25 QOQ YOY % Prop Home Loans 1,70,673 3% 2% 26% Rural loans 93,292 2% - 14% LAP 83,271 2% 20% 13% Personal loans 80,130 2% 5% 12% SBB 2 72,997 2% 14% 11% Auto loans 58,159 1% - 9% Credit Cards 44,421 (6%) 3% 8% Comm Equipment 12,264 5% 6% 2% Others 3 29,368 (3%) 37% 5% Total Retail 6,44,575 1% 6% 100% 100% of PL and 70% of Credit Cards portfolio is to salaried segment Average LTVs: 61% in overall home loan portfolio 41% in LAP portfolio ₹6.4 trillion Retail loan book remains well diversified Retail book (in ₹ Billion) ETB3 mix in retail portfolio 11% 7% 6% 6% 6% 1% 3% 0% 2% 1% ~ 73% of our retail book is secured (1) YOY QOQ 1 Basis Bank’s classification of secured, 2 Includes LAP in SBB segment of Rs. 1,477 crs as on 31.12.2025 3 Others comprise of supply chain finance loans, education loans, gold loans etc 3 Existing to Bank (as of Nov-25) 4 15% of CC acquired in Q3FY26 were through Known to Bank (KTB) channel, 5 LTV on sourcing basis for Q3FY26 4 6,058 6,229 6,230 6,355 6,446 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 5 MFI loans are ~2.7% of retail loans, of which ~1% is retail MFI
Page 21
Quarterly Results Q3FY26 21 12,875 22,041 32,666 42,495 49,764 55,826 4,984 6,576 10,316 14,724 16,993 17,171 17,859 28,617 42,982 57,219 66,757 72,997 FY21 FY22 FY23 FY24 FY25 Q3FY26 SBB Portfolio (in ₹ Cr.) Working Capital Business Loans Small Business Banking • ₹72,997 crores overall book with Business Loan (unsecured) book of ₹ 17,171 crores • ~71% value contribution from Secured products (working capital, overdraft, term loans, etc.) • ~₹144 lakh average ticket size1 of working capital secured loans3 • ~89% of SBB working capital portfolio is PSL compliant • Digital Merchant Cash Advance for MSME - Launched industry first product. Awarded ETBFSI Exceller awards 2025 as ‘Innovative product of the year’ • EWS portfolio monitoring indicates risks under control • 80%+ Branch contribution to total business • 6 lakh+ customer base is on increasing trend 14% YOY 2% QOQ 24x7 Business loans : End to End digital lending contributes ~76% to overall unsecured BL disbursements3 Well diversified customer base2 1 Average ticket size based on disbursements 2 Classification based on working capital loans within SBB portfolio 3 For period of 9 months ending 31st December 2025 13% 10% 9% 8% 8%7% 5% 6% 4% 4% 3% 4% 2% 20% Retail trade Wholesale trade Iron & Steel Food processing Textile Healthcare Infra & allied Electronics Paper & paper products Lifestyle products Power & Electricity Plastics Chemicals Other
Page 22
Quarterly Results Q3FY26 22 43,698 56,332 70,918 91,866 98,232 93,292 FY21 FY22 FY23 FY24 FY25 Q3FY26 Rural loans portfolio & composition (in ₹ Cr) Our bet on ‘Bharat’ is growing from strength to strength, with a focus on building a distinct model Well diversified rural lending portfolio with presence across 686 districts across India Leveraging technology and partnerships to capitalize on opportunities across segment 17% CAGR 1 Mar-21 to Dec-25 1 • Drive higher business growth and increase market share in Rural and Semi Urban (RuSu) markets through asset led liability strategy • Lending opportunities in RuSu markets to complement the Bank’s overall PSL strategy meaningfully Significant coverage in RuSu Markets… …has delivered steady growth across key metrics 23,600+ CSC VLEs network 2,845 Bharat Banking branches as of Dec 2025 2% QOQ growth in Rural Advances 12% YOY growth in Deposits Gold loans • Launched a new MSME focused Gold Loan product offering higher Loan to Value (LTV) to eligible MSME customers • Revamped the agri gold loan journey to drive Agri PSL in Gold loan portfolio Microfinance - Retail • Accelerating growth through a) Graduating Customers b) ETB retention and c) Liability linked product modification • Protect asset quality at scale via tighter underwriting norms, EWS triggers and digital enablement Bharat Enterprises • Launched Digital Renewal - resulting in TAT reduction from 3–5 days to just 2–5 minutes • Product Suite expansion – Now offering funding solutions for schools, colleges, and hospitals Farm Mechanization Loans ▪ New Tractor journey is now e2e digitized with positive impact on dealer confidence and business – Q3 Tractor disbursement grew by ~50% YoY ▪ Continue to increase Used tractor mix for higher profitability Farmer Funding • Intensifying Farm Credit through village level activities viz AGAD for KCC, CGFMU and secured Agri allied products • Leveraging existing relationship of Corporates for Farm Credit, FPO, Dairy and Poultry loans. `Digital Platform • SFDC- Face authentication based EKYC enabled- resulting in 90%+ rapid adoption • MFI-Retail: Self Help Group (SHG) journey & SA Co-origination live Sampann ▪ The co-origination journey in MFI went live – ensuring higher penetration in savings accounts. ▪ Sampann has achieved ₹1,513 crore MDAB YTD, scale it across all RUSU branches as the preferred Rural HNI product. 42% 29% 12% 6% 6% 5% Farmer Finance Bharat Enterprises Gold MFI-Retail MFI-Wholesale & Co-lending Farm Equipment
Page 23
Quarterly Results Q3FY26 23 1.04 1.13 1.11 1.21 1.26 1.24 0.96 1.06 0.68 0.77 0.79 1.07 0.95 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 1 Known to Bank Trend in Credit Card issuances ~15% share of KTB1sourcing to total card issuances in Q3FY26 Strong card issuances aided by KTB1 partnerships In million Axis Bank Magnus Credit Card Indian Oil Axis Bank Credit Card Flipkart Axis Bank Credit Card ~14% period end market share for credit cards in force as of Dec’25 ~11% spends market share in Q3FY26 15mn+ Cards in force, 4.1 mn CIF for Flipkart Axis Bank Credit Card
Page 24
Quarterly Results Q3FY26 24 19.7% 19.7% 20.1% 19.8% 21.4% Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 10.5% 9.8% 10.2% 10.1% 9.5% 1.6% 1.3% 1.6% 1.6% 1.7% 12.1% 11.1% 11.8% 11.7% 11.2% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Retail CC spends Commercial CC spends Trend in Credit Card spends market share 1 Market share for 2M Q3FY26 based on RBI reported data as of Dec’25 Trend in Card spends and POS terminals Overall Q3FY26 CC spends at Trend in Debit Card spends ` 70,912 Crores 9,466 8,082 7,914 8,163 8,357 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 All figures In ₹ Cr ‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly ₹196 crores GMV (9MFY26) ~3 lakh transactions (9MFY26) Market share in POS terminals2 Rank1st 2nd 2 RBI data, as of Dec’25 Ranked amongst the largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities and partnerships 2nd2nd YOY QOQ 13% 1% 3% 5% 1% 4% 1 1 1st 1
Page 25
Quarterly Results Q3FY26 25 30% 23% 28% 19% Metro Urban Semi-Urban Rural 4,758 4,903 5,377 5,876 6,110 Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 Domestic branch network1 We have a very well distributed branch network Branch presence across categories • Connected with ~4.1 mn customers through this channel on an average per month in Q3FY26 • AVC manages relationship with our existing customers under affluent and other programs • AVC is present across West, South, North and East with 8 centres ~4.1 mn Customer connect 2 8 Centers 1,582 Virtual RMs Axis Virtual Centre • Calibrated approach towards new branch additions across focused regions • Aligned to our Bharat Banking strategy, specific RuSu branches follow an asset-led liability model • The Bank further has 281 BCBOs as of 31st December, 2025 • Dedicated Asset Desk Managers for fulfilment of all loan leads at select branches • Select Platinum branches to cater to SBB customer base 2 monthly average for Q3FY26 7% YOY 1 Includes extension counters
Page 26
Axis Bank Document Classification | Confidentiel Corporate & Commercial Banking 27% YOY growth in Corporate loans 88% Incremental sanctions to A-and above1 35% NEFT Market Share Nov 25 (by volume) 1 in corporate segment for Q3FY26 2 QAB: Quarterly average balance, MEB: Month End Balance 3 Market share based on last twelve month average of RBI’s monthly reported data 90% Share of corporate advances to clients rated A-and above 22% YOY growth in SME loan book 5% YOY growth in Transaction Banking Fees (for Q3FY26) 10% | 20% YOY growth in CA deposits on QAB2 | MEB2 31% YOY growth in Mid Corporate book 11% Foreign LC Market Share Dec’25 3 3
Page 27
Quarterly Results Q3FY26 27 Strong relationship led franchise driving synergies across One Axis entities… ‘One stop shop’ for Banking needs of Indian Corporates 3 4 Full Service Corporate & Commercial Bank • Wealth Management – Burgundy / Burgundy Private • Salary Accounts of employees Linkage to Retail Bank • Debt Capital Markets (DCM) • Equity Capital Markets (ECM) • M&A & Advisory • Forex & Derivative Solutions Treasury, Capital Markets & Investment Banking • Cash Management • Trade & Supply Chain • Letter of Credit/ Bank Guarantee • Bill/ Invoice Discounting • Current Accounts • Correspondent Banking • Custodial Services Transaction Banking • Working Capital / Term Loans • Wholesale Deposits Loan & Deposits 1 2 Axis Capital A.Treds Axis Trustee Axis Finance Axis MF Reliable Partner Throughout the Business Life Cycle Real Economy Mid Corporate Government Coverage Multi-national Conglomerates & Large Corporate Institutional Coverage Structured Assets Commercial Banking We have re-oriented the organisation structure in Corporate & Commercial Banking for delivering execution excellence • Segregated the responsibilities of coverage and product groups to ensure sharper focus • Corporate & Commercial Bank coverage reorganized into 8 coverage groups, each with a stated objective
Page 28
Quarterly Results Q3FY26 28 1,87,841 2,36,035 2,51,330 2,71,471 3,40,152 44,741 32,299 26,819 27,922 34,997 2,32,582 2,68,334 2,78,149 2,99,393 3,75,149 Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 Corporate Loans Overseas Domestic 88% 89% 89% 90% 90% 12% 11% 11% 10% 10% Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 A- or better BBB and below …with 90% of the book rated A- and above 90% of the corporate loan book is rated A- or better • 68% of book as on 31.12.2025 is rated AA- & above Incremental sanctions to corporates rated A- & above 27% YOY QOQ 21% 28% 23% In ₹ Cr % 88%92% 89% 88% 90% 28,812 27,922 34,997 Dec-24 Mar-25 Dec-25 Overseas corporate loan book In ₹ Cr • 87% is India linked based on standard book • 96% is rated A- and above based on standard book • 68% of standard outstanding constituted by top 10 conglomerates 6% 7%
Page 29
Quarterly Results Q3FY26 29 We have strengthened our proposition as a Transaction Bank BBPS Value Market Share Market Share at 16% (Nov 251) GST Payment Market Share Market Share at 6.7% (Q3FY26) 1 Last twelve month average 2 Foreign LC – SWIFT Watch 3 RTGS/NEFT/IMPS Payment – RBI Report 4 GST Payment – Ministry of Finance Current Account 20%YOY growth in Current Account, Month End Balances (Q3FY26) Foreign LC Market Share Market Share at 11.2% (Dec 251) IMPS Volume Market Share Market share at 26.6% (Nov 251) Digital Adoption 83% Current Account customers registered for internet/mobile banking RTGS Value Payment Market Share Market Share at 8.4% (Nov 251) NEFT Volume Payment Market Share Market Share at 35.3% (Nov 251) 2 3 3 3 4 3
Page 30
Quarterly Results Q3FY26 30 17% 25% 14% 14% 13% % to Corporate Loans 49,768 73,808 44,352 48,948 48,355 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 75,693 90,213 9MFY25 9MFY26 6.6% 15.6% Q3FY25 Q3FY26 We remain well placed to benefit from a vibrant Corporate Bond market Placement & Syndication of Debt Issues Market share and Rank2 1 Only includes the proportion of amount arranged by Axis Bank 2 As per Bloomberg League Table for India Bonds 1st 19% YOY 6th All figures in ₹ Crores Movement in corporate bonds Amount mobilized / arranged1 Ranked #1 arranger for rupee denominated bonds as per Bloomberg league table Top arranger - Investors' Choice for primary issues and Top Sell-side firm in the Secondary Market Award at the 2024 Best of the Sell-side survey of Asset Benchmark Research, on Corporate Bond Market
Page 31
Quarterly Results Q3FY26 31 neo by Axis Bank | Empowering Businesses with Cutting -Edge Digital Solutions from Account Opening to Seamless Web & Mobile Experiences • 20K+ accounts opened using this platform • Digital CIB onboarding through co-origination journey • Integrated APIs digitise every step, reducing account opening time by 50% • Platform provides complete visibility of application movement Infiniti Eliminate paperwork and onboard customers faster, smarter, and more securely. …with a fully digital application that sets new standards for seamless and efficient customer onboarding 4.8 neo for Business 4.6 neo for Corporates Widely recognized for product innovation and customer experience… Highly rated Mobile Banking Apps Transformational Impact of Neo reflected in the strong product-market fit supported by ERP focused solutions and Partnerships 4.3L+ Customers 3.1L+ Customers 3.5K+ Customers 5K+ Customers
Page 32
Quarterly Results Q3FY26 32 1 Figures stated represent only standard outstanding (advances, investments and non fund based) across all segments 2 Includes Banks (30% in Q3FY26 vs 30% in Q2FY26), Non Banking Financial Companies (42% in Q3FY26 vs 41% in Q2FY26), Housing Finance Companies (6% in Q3FY26 vs 7% in Q2FY26), MFIs (3% in Q3FY26 vs 3% in Q2FY26) and others (19% in Q3FY26 vs 19% in Q2FY26) 3 Lease Rental Discounting (LRD) outstanding stood at `32,434 crores 4 Financing of projects (roads, ports, airports, etc.) Industry-wise Distribution (Top 10) All figures in ` Crores Rank Outstanding1 as on 31st Dec'25 Sectors Advances Investments Non-fund based Total Value (in % terms) 1. Financial Companies2 96,476 33,909 51,857 182,242 12.63% 2. Engineering & Electronics 27,731 - 42,239 69,970 4.85% 3. Real Estate3 50,445 4,490 1,411 56,346 3.90% 4. Trade 43,430 504 10,186 54,120 3.75% 5. Power Generation & Distribution 30,925 4,332 16,745 52,002 3.60% 6. Infrastructure Construction4 25,347 4,545 18,799 48,691 3.37% 7. Iron & Steel 27,568 - 13,683 41,251 2.86% 8. Food Processing 32,880 - 6,448 39,328 2.73% 9. Chemicals & Chemical Products 18,484 - 16,463 34,947 2.42% 10. Agri 28,307 - 3 28,310 1.96%
Page 33
Commercial Banking Business Performance
Page 34
Quarterly Results Q3FY26 34 23,919 38,319 53,535 64,192 72,997 66,438 79,370 98,989 1,14,101 1,39,327 23,393 34,511 44,984 51,762 67,691 Dec'21 Dec'22 Dec'23 Dec'24 Dec'25 SBB SME Mid Corporate 1,13,751 1,52,201 1,97,509 2,30,055 2,80,015 17% 20% 21% 23% 24% % of overall loan book Strong growth in SBB+SME+MC book despite tightening our risk standards SBB+SME+MC book has grown ~1.5x the overall book growth YOY, with ~705 bps improvement in contribution mix from 17.1% to 24.2% over last 4 years Axis Bank’s market share as % of overall Industry MSME credit3 32% CAGR2 20% CAGR2 30% CAGR2 8.5% Axis Bank’s Incremental MSME market share in last 4 years 10.6% 25%1 CAGR2 CAGR2 in combined MSME, MC and SBB segment 25% 1 Considering our SME+SBB+MC book as numerator 2 period for CAGR Dec’21 – Dec’25 3 Based on RBI data as of Dec25 All figures in ` Crores
Page 35
Quarterly Results Q3FY26 35 17% 20% 26% 27% 30% 31% 83% 80% 74% 73% 70% 69% Mar'23 Mar'24 Mar'25 Jun'25 Sep'25 Dec'25 Rated on SME model Rated on large corporate model Commercial Banking • One of the most profitable segments of the Bank with high PSL coverage • Data driven credit decisions, simplified products and digitized operations aiding higher business growth SME Advances 22% YOY 6% QOQ 87% 85% 85% 85% 85% 85% 13% 15% 15% 15% 15% 15% Mar-23 Mar-24 Mar-25 Jun-25 Sep-25 Dec-25 SME3 or better Others 86% of loans were PSL compliant Note: As per the internal policy, companies in CBG portfolio are being suitably rated under SME ratings model or large corporate ratings model depending on their turnover. 42% 28% 28% 29% 32% 33% 36% 45% 49% 50% 49% 49% 17% 24% 20% 19% 17% 16% 5% 3% 3% 2% 2% 2% Mar'23 Mar'24 Mar'25 Jun'25 Sep'25 Dec'25 A- and better BBB+ and BBB BBB- Below BBB- All figures in ` Crores ₹ 89,398 ₹ 1,03,654 ₹ 1,18,521 ₹ 1,20,872 ₹ 1,31,506 ₹ 1,39,327
Page 36
Quarterly Results Q3FY26 36 27% 19% 29% 25% Less than 5 cr 5 cr to 10 cr 10 cr to 25 cr More than 25 cr 15% 18% 9% 18%2% 13% 10% 15% West 1 West 2 South 1 South 2 South 3 North 1 North 2 East & others SME lending Well diversified Geographical mix Well diversified Sectoral mixBook by Loan size 70% 70% 70% 30% 30% 30% Mar-24 Mar-25 Dec-25 Short term loan Long term loan SME book mix (by tenure) 85% 87% 86% FY24 FY25 9MFY26 Incremental sanctions to SME rated SME3 & above 15% 8% 7% 6% 8% 4%4%3%4% 3% 2% 3% 2% 2% 29% Trade Retail and Wholesale Food and Beverages Textile Engineering Others CRE Petrochemical and Petroleum Products Other Services Other Metal and Metal Products Iron & Steel - Manufacturing Chemicals Drugs and Pharmaceuticals Trade Others Infrastructure Construction Other Industrials Others
Page 37
Transformation Capabilities D2C products 49% Individual RTDs value (Q3FY26) ~15 Mn+ Mobile Banking MAU5(Dec-25) 75% New SA acquisition3 64% PL disbursed (end-to-end digital) (in Q3FY26) 91% Credit cards issued2 (Q3FY26) 59% New MF SIP volume (Q3FY26) 250+ Services on digital channels 97% Digital transactions1 480 Total APIs 4,300+ Robotic automated processes 806 In-house digital banking team6 2,600+ People dedicated to technology agenda 87% New hires6 from non-banking background 40%+ Lift of bank credit model GINI scores over bureau 125+ Apps on cloud 1Based on all financial transactions by individual customers in Q3FY26 2 through digital and phygital mode 3 Digital tablet based account opening process for Q3FY26 Digital Banking ~17 Mn+ Non Axis Bank customers using Axis Mobile & Axis Pay apps (as of Dec’25) ~15% Contribution of KTB channels to overall sourcing of Cards (in Q3FY26) 4 on Google Play store 4.7 Mobile App ratings Agile Enabled teams with CI/CD, micro- services architecture 300+ Employee tool Journeys 5 Monthly active users 6 Including in-house Digital Banking team from Freecharge 4
Page 38
Quarterly Results Q3FY26 38 Our digital strategy: open by Axis Bank Proprietary, distinctive digital native capabilities A Open by Axis Bank – A Fully Digital Bank within the Bank - Distinctive In-house Digital Capability across People, Tech & Processes Acquire New Customers at Scale - 49% of retail individual TDs acquired digitally by value Become a Digital Consumer Lending Powerhouse - 64% of PL disbursed digitally Become a Benchmark Digital Bank Globally - ‘Axis Mobile’ is top rated Mobile Banking App Become the Leader in New Platform Businesses - Early leadership in Account Aggregator, ONDC, CBDC, OCEN 1 1 1 Data as of Q3FY26 Re-imagined & delightful customer experience B Full suite of products and services C
Page 39
Quarterly Results Q3FY26 39 810 Best-in-class BitSight 1 rating in BFSI 0.03% UPI-Declines 2 - % decline as remitter (TD) 1st Indian Bank to be ISO certified for its AWS and Azure Cloud security 99.68% CIS Score - % rating for Center of Internet Security (CIS) Benchmark open by Axis Bank is a one stop solution for all the digital banking needs having: 1 BitSight Security Ratings as of Dec'25 – higher the rating, the more effective the company is in implementing good security practices 2 As of Dec'25 3 Account Aggregator Leadership in technology with several industry firstsA Distinctive customer experienceB We continue to scale up Account Aggregator based use casesC Bank on-the-go with ‘open’ People’s Choice Store Rating 4.7 4.8 Hyper personalized | Intuitive | Seamless Among the highest rating of 4.7 on Google Play Store with 3.4 mn+ reviews ~ 17 mn+ Non-Axis Bank customers using Axis Mobile & Axis Pay apps as of Dec'25 ~ 15 mn+ Monthly active users on Axis Mobile Banking 64% MB customers banking only on mobile app 75% of Branch service request volumes covered Recently launched One View features on Axis Mobile 6.7x YOY growth in AA3 based Personal loans disbursed ~1.5m Registrations since launch of ‘One View’ ~ ₹7.8 tn MB spends in Q3FY26, up 20% YOY
Page 40
Quarterly Results Q3FY26 40 12,75,493 10,68,955 22,79,818 25,91,458 31,37,556 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 10,129 8,854 17,356 21,739 24,761 3,29,981 3,28,474 4,33,635 4,73,452 5,32,618 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Quarterly transaction value (in `Cr) Quarterly transaction volume (in mn) UPI has scaled up tremendously to become a key channel for customer transactions 146% YOY 144% YOY We have developed best-in-class UPI stack that enables us to offer cutting edge customized solutions across SDK, Intent, Collect and Pay offerings apart from new use cases like UPI AutoPay Dedicated IT cloud infrastructure to exclusively handle high volume UPI transactions has resulted in Axis Bank achieving one of the lowest decline rates as a remitter when compared to peer banks 2,448 mn Cumulative VPA base1 Strong customer base and partnerships Marque partnerships across the PSP and acquiring side and many othe₹. 1 A user registering VPA once in Axis Pay and once in Google Pay is counted as 2 61% YOY ~ 15.5 mn Merchants transacting per day on our stack UPI transaction value and volumes (as Payer PSP) UPI P2M Throughput (in ` crores) Axis Bank continues to maintain leading Position in UPI Payer PSP space with a market share of ~39% by volume in Q3FY26
Page 41
Quarterly Results Q3FY26 41 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 42
Quarterly Results Q3FY26 42 1.28% 0.84% 1.70% 0.95% 1.02% 0.80% 0.50% 1.38% 0.73% 0.76% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Credit Cost Net credit cost GNPA, slippages and credit costs improved YOY 2.06% 0.71% GNPA NNPA Retail 0.74% 0.24% GNPA NNPA CBG 0.61% 0.05% GNPA NNPA WBG 66% 68% 91% Segmental composition Credit Cost (Annualised)Slippages (Annualised) 1.40% 0.42% GNPA NNPA Total 170% 1.46% 1.28% 1.57% 1.46% 1.40% 0.35% 0.33% 0.45% 0.44% 0.42% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 GNPA % NNPA % GNPA at 1.40% & NNPA at 0.42% 2.13% 1.90% 3.13% 2.11% 2.11% 1.40% 0.81% 2.33% 1.05% 1.11% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Gross Slippages Net Slippages 1 Provision coverage ratio without technical write offs 2 Technical impact arising from prudent application of technical parameters for recognizing slippages and consequent upgrades i mpacting reported asset quality 3 credit cost net of recoveries in written off accounts 0.33% 1.21% 0.95% 1.51% 0.63% 0.90% XX% Excluding Technical Impact2. See Slide 44 and 45 1.77% 0.57% 0.57% 0.15% 0.56% 0.03% 1.21% 0.33% 1 1 1 1 3
Page 43
Quarterly Results Q3FY26 43 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Gross NPAs - Opening balance A 15,466 15,850 14,490 17,765 17,308 Fresh slippages B 5,432 4,805 8,200 5,696 6,007 Upgradations & Recoveries C 1,915 2,790 2,147 2,887 2,872 Write offs D 3,133 3,375 2,778 3,266 3,276 Gross NPAs - closing balance E = A+B-C-D 15,850 14,490 17,765 17,308 17,167 Provisions incl. interest capitalisation F 12,075 10,805 12,699 12,194 12,013 Net NPA G = E-F 3,775 3,685 5,066 5,114 5,154 Provision Coverage Ratio (PCR) 76% 75% 71% 70% 70% Accumulated Prudential write offs H 41,638 42,818 44,073 45,333 46,217 PCR (with technical write-off) (F+H)/(E+H) 93% 94% 92% 92% 92% Detailed walk of NPAs over recent quarters Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Loan Loss Provisions 2,185 1,369 3,900 2,133 2,307 Other Provisions (29) (9) 48 1,414 (61) For Standard assets1 (28) 152 154 1,5682 (128) Others (1) (161) (106) (154) 67 Total Provisions & Contingencies (other than tax) 2,156 1,359 3,948 3,547 2,246 Provisions & Contingencies charged to Profit & Loss Account All figures in ₹ Crores 1 including provision for unhedged foreign currency exposures 2 includes additional one-time standard asset provision of `1,231 crores
Page 44
Quarterly Results Q3FY26 44 Summary of Technical Impact across various asset quality parameters Reported Excl. Technical Impact 1 Particulars Q3FY26 Q2FY26 Q1FY26 Q3FY26 Q2FY26 Q1FY26 ₹ crs % ₹ crs % ₹ crs % ₹ crs % ₹ crs % ₹ crs % Gross Slippage 6,007 2.11% 5,696 2.11% 8,200 3.13% 4,308 1.51% 4,184 1.55% 5,491 2.10% - WBG 165 209 297 90 107 63 - CBG 370 265 403 113 55 93 - Retail 5,472 5,222 7,500 4,105 4,022 5,335 Net Slippage 3,135 1.11% 2,808 1.05% 6,053 2.33% 2,685 0.95% 2,528 0.95% 4,192 1.62% - WBG (111) 106 190 (55) 14 3 - CBG 195 112 137 94 3 37 - Retail 3,051 2,590 5,726 2,646 2,511 4,152 Net Credit Cost 2,307 0.76% 2,133 0.73% 3,900 1.38% 1,930 0.63% 1,877 0.64% 3,079 1.09% - WBG (169) (100) (171) (184) (130) (233) - CBG 58 114 58 10 16 18 - Retail 2,418 2,119 4,013 2,104 1,991 3,294 GNPA 17,167 1.40% 17,308 1.46% 17,765 1.57% 14,848 1.21% 15,267 1.29% 15,913 1.41% - WBG 2,651 3,278 3,468 2,457 2,999 3,281 - CBG 1,039 1,009 1,019 804 812 919 - Retail 13,477 13,021 13,278 11,587 11,456 11,713 NNPA 5,154 0.42% 5,114 0.44% 5,066 0.45% 4,027 0.33% 4,059 0.35% 4,036 0.36% - WBG 230 335 293 114 149 169 - CBG 332 281 319 208 209 259 - Retail 4,592 4,498 4,454 3,705 3,701 3,608 1 Technical impact arising from prudent application of technical parameters for recognizing slippages and consequent upgrades i mpacting reported asset quality
Page 45
Quarterly Results Q3FY26 45 Particulars Technical Impact 1 Q3FY26 Q2FY26 Q1FY26 ₹ crs % ₹ crs % ₹ crs % Gross Slippage 1,699 0.60% 1,512 0.56% 2,709 1.03% - WBG 75 102 234 - CBG 257 210 310 - Retail 1,367 1,200 2,165 Net Slippage 450 0.16% 280 0.10% 1,861 0.71% - WBG (56) 92 187 - CBG 101 109 100 - Retail 405 79 1,574 Net Credit Cost 377 0.13% 256 0.09% 821 0.29% - WBG 15 30 62 - CBG 48 98 40 - Retail 314 128 719 GNPA 2,319 0.19% 2,041 0.17% 1,852 0.16% - WBG 194 279 187 - CBG 235 197 100 - Retail 1,890 1,565 1,565 NNPA 1,127 0.09% 1,055 0.09% 1,030 0.09% - WBG 116 186 124 - CBG 124 72 60 - Retail 887 797 846 1 Technical impact arising from prudent application of technical parameters for recognizing slippages and consequent upgrades i mpacting reported asset quality Summary of Technical Impact across various asset quality parameters
Page 46
Quarterly Results Q3FY26 46 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 47
Quarterly Results Q3FY26 47 Environmental Social Governance ~2.2 Mn Women borrowers under Retail Microfinance 1st Indian Bank to constitute an ESG Committee of the Board 69% Proportion of Independent, Non-Executive Directors on the Board 23% Proportion of women directors on the Board Latest S&P DJSI ESG Score 2025 - 60 9th Consecutive year on FTSE4Good Index in 2025 MSCI ESG Ratings at AA in 2025 (June) CDP Score at C in 2024 Steady Performance on Global ESG Benchmarks Among the top 10 Constituents of Nifty100 ESG Sector Leaders Index Among Top 10 Constituents of MSCI India ESG Leaders Index Among top 10 constituents of S&P BSE 100 ESG Index Our Purpose Statement: Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet Score 77 (Strong category) on CRISIL ESG Ratings 2025 Rated 18.43 - Low Risk on Sustainalytics 2026 (Jan) Among Top 10 Constituents of S&P BSE CARBONEX Index 2 MW In-house solar power capacity ~ ₹48,412 Cr Achieved Under Wholesale Banking to sectors with positive social and environmental outcomes 2 Mn Households reached under Sustainable Livelihoods 27.7% Female representation in workforce ESG focus continues to have Bank-wide sponsorship ₹100 Cr+ CSR commitment to National Cancer Grid (NCG) and Tata Memorial Centre towards Research and Innovation in oncology 7.14% EV penetration in fiscal 2025 (2-W) 98%+ Eligible Employees trained in AML & related laws 3.2 Mn Saplings planted to create Carbon sink for environment Governance Score 81 Grade: Leadership (Top 7% companies in the S&P BSE)
Page 48
Quarterly Results Q3FY26 48 In September 2021, the Bank announced commitments aimed at supporting India’s low-carbon and equitable economic transition towards achieving the SDGs and India’s commitments under the Paris Agreement Committed to Positive Climate Action and Achieving the SDGs Incremental disbursement of Rs. 10,000 crores by FY 2024 under Asha Home Loans for affordable housing; increasing share of women borrowers from 13.9% to 16.9% Reaching 30% female representation in its workforce by FY 2027 Planting 8mn trees by FY 2030 across India towards contributing to creating a carbon sink Scaling down exposure to carbon-intensive sectors, including Coal and Thermal Power Our Commitment • Incremental disbursement • Share of women borrowers Overall diversity Progress on Glide Path Unit 1 Penetration achieved in each year, and to reach 4% and 6% for FY 2027 in 4W and 2W segments respectively Achievement by FY 2025 Target achieved Exposure under the target 27.7% diversity ratio Saplings Planted 3.2 mn saplings planted Incremental financing of Rs. 60,000 Crores under Wholesale Banking to sectors with positive social and environmental outcomes, by FY 2030 from FY 2021 Cumulative Exposure ~₹48,412 Cr sanctioned Increasing share of electric vehicle revenue (INR) in Two-Wheeler loan portfolio - 6% by 20271 Increasing share of electric vehicle revenue (INR) in Four-Wheeler passenger loan portfolio - 4% by 20271 Penetration in FY 7.14% penetration1 for 2-wheeler 2.92% penetration1 for 4-wheeler Updated targets
Page 49
Quarterly Results Q3FY26 49 Sparsh 2.0, our enhanced Customer Experience program, simplifies interactions, driving NPS, digitization, with a focus on customer loyalty and business growth Sparsh embedded across all customer touchpoints, processes & metrics NPS (Net Promotor Score) movement since inception in Q1’FY23 December25 (FY 26)Baseline1 Movement Retail Bank 100 159 +59 Sparsh is committed to delivering smart banking: Industry-first LIVE initiatives update 1Baseline = AMJ'22 (Q1 FY23) 100 100 100 160 150 153 Retail Liabilities Retail Assets Credit Cards Baseline Dec'25(FY26) Digital EnablersNPS Adi | Gen AI chatbot A Generative AI conversational chatbot to instantly assist front-line staff with query resolution | Real-time CXM tool A single chronological view of customer footprint, across various channels to improve first-contact resolution Scale: FY 2026 YTD, 65,137 employees experienced Kaleidoscope. Intensity: 28,000 average monthly active users; 11.02 lakh interactions supported this quarter, about 3.67 lakh per month. Expansion: 4 new journeys deployed; Overall 38 journeys live. New journeys include UPI failed transaction status, and application status for Term Deposits, PPF Account, and Forex Card. Customer Centric Initiatives Scale: FY 2026 YTD, 77,000 employees experienced Adi. Intensity: 36,000 average monthly active users; 3.37 lakh queries processed this quarter, about 1.12 lakh per month. Expansion: 10 new products & process deployed; Overall 72 live. New products include-:Onboarding & deliverables status across 10 + products and sales enablement for 20+ products and Center of excellence Cohort Led Experience Redesign Branch Banking NPS Detractor Close Looping Branch Banking NPS Detractor Close Looping strengthened through clear ownership, weekly operating reviews, and monthly senior leadership governance with trend tracking, supported by tighter tracking and escalation. As part of focused experience enhancement, we prioritized Senior Citizens and NRIs and conducted customer empathy workshops leveraging behavioral science lens to understand customer. Corporate Experience Upgrade Proactive corporate listening with intent is being scaled into a repeatable Voice of Customer engine. Delivery is anchored on 4 themes: create excellence in every digital interaction, empowering servicing from branch to Neo, operational efficiency and execution, and process simplification Engagaged with Senior Citizens and NRIs 1,000+ corporates engaged and 600+ service interactions reviewed Coverage improved from 68% in Aug 2025 to 96% in Dec 2025
Page 50
Quarterly Results Q3FY26 50 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 51
Quarterly Results Q3FY26 51 1,816 2,216 2,622 2,923 3,812 3,812 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 Total investments6 made 833 1,195 1,304 1,591 1,768 1,860 1,978 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Combined PAT6 of operating subs 3,291 4,768 6,409 8,202 10,650 11,965 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-25 Combined networth6 of operating subs 17% CAGR4 31% CAGR4 All figures in ` Crores Continue to create significant value in our key group entities Asset Management Trustee Retail Brokerage Consumer focused NBFC Investment Banking & Inst Equities 100% 100%75% (JV Schroders Plc ) 100%100% 67% InsuranceTReDS platform 19.02% (Co-promoter), Accounting Associate Fintech platform 100% AAA rated NBFC with diversified product offerings One of the major fintech players in India Amongst the leading trustees in India Amongst the leading bank led brokerage firm Among the leaders in ECM deals segment Among the prominent MF players Leading player on TReDs platform 4th largest private insurance company 5 1 25% is held by Schroders Plc 2 Position as on Dec 31, 2025 and including stakes owned by Axis Capital and Axis Securities 3 47% effective stake held by Axis Group in step down subsidiary (51% stake held by Axis Mutual Fund & 9% stake held by Axis Bank) 4 CAGR for Mar-21 to Dec'25 period 5Based on New Business Premium 6 The figures represented above are for the Bank’s domestic group entities as per Indian GAAP, as used for consolidated financial s tatements of the Group One Axis Group 20% CAGR4 6% YOY 47% 1 2 3 (Annualized)
Page 52
Quarterly Results Q3FY26 52 385 548 663 916 1,211 883 1,056 211 364 475 610 676 509 571 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Pre-provision profit PAT Axis Finance : PAT up 12% YOY, Retail + MSME book up 30% YOY All figures in ₹ Crores …with a high share of RAM2 in disbursements supported by… 1: CAGR for the period Mar’22 – Dec’25, 2: RAM refers to Retail, Agriculture and MSME; 3: CAGR for the period FY21 – FY25; 4: Employees; 5: 9M Annualized and taken as monthly average Healthy Assets Under Finance (AUF) growth Metric Dec’24 Dec’25 # of Locations / Ees4 529 | 1,520 1,022 | 2,177 GNPA | NNPA (%) 0.66% | 0.25% 0.95% | 0.36% CRAR | Tier 1 (%) 21.2% | 15.0% 19.9% | 13.8% RoA | RoE (%)5 2.0% | 15.2% 1.8% | 13.4% Key Highlights Robust operating and asset quality metrics Book Highlights AUF CAGR1 YOY Retail + MSME 29% 22% 45% 30% 86% of the book is secured 33% CAGR3 34% CAGR3 20% YOY 12% YOY Earnings in Q3FY26 were impacted by a one-time catch-up provision of ₹ 55 crore due to adoption of RBI Circular on Project Finance and Upper Layer Regulations 9MFY25 ₹ 15,238 47% 43% 10% 9MFY26 ₹ 19,048 RAM2:51.8% RAM2:53.4% 10,282 11,334 15,158 16,900 16,393 18,340 5,694 9,495 14,337 18,418 17,192 21,504 648 1,700 1,919 2,501 2,336 3,884 637 811 709 1,260 1,041 1,244 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Dec'25 Wholesale Retail MSME Treasury 17,261 23,340 32,123 39,079 36,962 44,972 48%46% 6% Wholesale Retail MSME
Page 53
Quarterly Results Q3FY26 53 1,96,549 2,59,818 2,41,415 2,74,265 3,21,506 3,26,098 3,60,575 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Overall QAAUM 98,822 1,43,546 1,37,074 1,64,981 1,80,048 1,93,115 1,98,584 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Dec-24 Dec-25 Equity QAAUM All figures in ₹ Crores 1 CAGR for period Mar-21 to Dec-25 3% YOY All figures in ₹ Crores 242 357 415 414 501 378 454 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Trend in PAT 20% YOY20% CAGR2 2 CAGR (FY21 to FY25) 16% CAGR1 14% CAGR1 11% YOY Major Highlights • 4.5% AUM market share as of Dec’25 • 9MFY26 revenue stood at `1,125 crores up by 17% • 57% of overall AUM consists of Equity & Hybrid funds • Among the highest rated customer app on AppStore & PlayStore in AMCs • ~13.4 mn client folios as at of Dec'25 AUM by Geography (Cities) 56% 14% 6% 7% 17% Top 5 Next 10 Next 20 Next 75 Others 17% 18% 55% 5% 6% Liquid/Money Market Income/Debt Equity Hybrid Passives & Others AAUM Asset by Class Axis AMC : PAT up 20% YOY
Page 54
Quarterly Results Q3FY26 54 381 521 441 532 705 592 528 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Axis Capital : PAT up 20% YOY, Among the leading players in Equity Capital Markets 166 200 142 150 161 148 178 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Revenue from Operations Profit After Tax All figures in ₹ Crores 20% YOY 17% CAGR1 1 CAGR (FY21 to FY25) • Announced 19 Investment Banking transactions across Capital Markets, Private Placement & Advisory in Q3FY26 including 14 ECM & 3 Non- ECM transactions • Marquee Transactions include – LG Electronics (IPO), TATA Capital (IPO), Pine Labs (IPO), Lenskart Solutions (IPO), Meesho (IPO), Billionbrains Garage Ventures (IPO) Investment Banking Highlights Institutional Equities Highlights • 288 stocks under coverage (16 new initiations in Q3FY26) • 69% of India's market cap under coverage
Page 55
Quarterly Results Q3FY26 55 3.63 4.17 4.86 5.55 6.36 6.11 6.95 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Dec'25 425 662 724 1,143 1,656 1,314 1,122 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 • 14% YOY growth in customer base as on 31.12.2025 • 47% of the volumes in Q3FY26 was from Mobile trading • 53% of clients traded through Axis Direct Mobile App in Q3FY26 • ₹1,122 crores - Revenues in 9MFY26 Axis Securities : 14% YOY growth in customer base 166 232 203 301 419 368 270 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Revenue 14% YOYTotal customer base (in mn) Major Highlights All figures in ₹ Crores Profit After Tax 1 CAGR for period Mar-21 to Dec-25 2 CAGR for period FY21 to FY25 27% YOY41% CAGR2 26% CAGR215% YOY 15% CAGR1
Page 56
Quarterly Results Q3FY26 56 26,43,586 29,94,794 30,01,067 39,04,153 47,44,704 47,39,153 51,22,959 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Dec'25 37 48 54 58 61 44 54 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Axis Trustee: PAT up 95% YOY 20 23 25 25 22 15 29 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Revenue 8% YOYAssets under Trust Major Highlights All figures in ₹ Crores Profit After Tax 2 CAGR for period FY21 to FY25 23% YOY 95% YOY • 38% YOY growth in New Business with 50% Share of Total Operating Income • 112% YOY revenue growth in InvIT / REIT (Incl. SM REIT) business & 30% YOY revenue growth Facility Agency business • AIFs & FA at GIFT City supported YOY Growth of 50% in Value Added Premium Products • 63% YOY volume growth in Escrow Agent business 1 CAGR for period Mar-21 to Dec-25 15% CAGR1 13% CAGR2
Page 57
Quarterly Results Q3FY26 57 7 16 32 56 92 64 91 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Invoicemart setting a new benchmark in TReDS -11 -5 7 18 38 26 32 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Revenue All figures in ₹ Crores Profit After Tax 1 CAGR for period FY21 to 9MFY26 72% CAGR1 42% YOY 22% YOY Throughput ~ ₹2,50,000 Cr Invoices Discounted (in No’s) ~ 52 Lakh Participants on-board ~ 61,300 Progress so far (Jul’17 to Dec’25) • A.TREDS Ltd digital invoice discounting platform ‘Invoicemart’ has set a new benchmark by facilitating financing of MSME invoices of more than ₹2,50,000 crs+ • Invoicemart has helped in price discovery for MSMEs across 1,100+ locations in India who are now able to get their bills discounted from 71 financiers (banks, NBFC factors and NBFCs) • Invoicemart surpasses 50% women diversity, marking a significant step towards fostering and inclusive work environment • Recognized as the “Fintech Startup of the Year” at the 2nd Edition of India Fintech Summit & Awards 2025 • Being ISO 27001:2022 and ISO 27017:2015 recertified demonstrates the strength and maturity of our Information Security and Cloud Security practices Throughput ~ ₹2,50,000 Cr Invoices Discounted (in No’s) ~ 52 Lakh 133% CAGR2 2 CAGR for period FY23 to FY25
Page 58
Quarterly Results Q3FY26 58 Freecharge: Demerger Completed; Focus on Integration, Stabilisation, and Scaling Merchant Lending & Payments Businesses • GMV remains stable, with continued focus on strengthening existing enterprise relationships. • New features rolled out: • Partner based Merchant Onboarding for enabling partners to onboard offline merchants seamlessly. • Axis Internet Banking Mobile Banking loan Foreclosure project launched, enabling customers to close their dues. Payment AggregationMerchant Business • Continue to scale unsecured loans (MCA, and Micro loans) businesses – grew 97% in Q3 FY26 vs Q2 FY26. • Merchant Cash Advance (MCA) and Micro Loans expanded to 25 cities. • Secured loan – Loan against property now live under controlled environment in limited cities under testing phase; Will be scaled in Q4 FY26. Consumer Payments & Financial Services • Microfinance (MFI) business continues to scale – grew 19% in Q3 FY26 vs Q2 FY26 - now live in 150 branches. • Over 92% growth in UPI GMV in Q3 FY26 vs Q2 FY26. • Launched Axis Gold OD on UPI launched in Q2 FY26 with Freecharge in association with NPCI.
Page 59
Quarterly Results Q3FY26 59 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
Page 60
Quarterly Results Q3FY26 60 ‘Best Sustainability-linked Bond – Financial Institution’ for its US$600m Sustainable AT1 Bond and ‘Renewable Energy Deal of the Year (Wind)’ Won ‘Fresh Number of SIPs in FY-24’ Award by AMFI at Mutual Fund Summit 2025 ‘Most Recommended Retail Bank in India’ and ‘Most Helpful Bank during Covid-19 in India’ Won ‘Best Wholesale/Transaction Bank Award’ Won ‘Domestic Retail Bank of the year’ and ‘Digital Transformation of the year’ Award Won ‘India’s Best Digital Bank’ award at the Financial Express Awards Our winning mindset is reflected in multiple awards and recognitions… Burgundy Private Won ‘Best Digital Innovator of the Year’ Award at the Global Private Banker WealthTech Awards 2025 Won “India’s Top CX Star and Best in-class Banking & Financial Services Award” Won “Most Innovative use of AL/ML, Digital Onboarding Rollout and Digital Channel Implementation ” Award Won “Highest Improvement in Data Quality of Commercial Bureau” Award Won “Best Bank in India (Private Sector – Large)” for Best Performance on Profitability, Risk Management and Asset Quality Won “IBA’s 4th CISO Summit 2025 Award”, for Cyber Security Incident Response Maturity, Compliance Champion and Cyber Security Transformation of the Year Won “Infosys Finacle Innovation Award 2025”, for Maximizing Customer Engagement – Neo for Corporates, Business Model Innovation Neo connecting Banking and IBU Gift City offering Through NEO Won “11th edition of the India Risk Management Awards 2025” Won “Retail Banking International Asia Trailblazer Award 2025” Won for Corporate and Commercial Banking in India for Share Leader for market penetration and Best Bank for Sustainability and KYC Processes. Won ‘Best Talent Development at Workplace’ award at ATD International Conference 2025 Won ‘FE Green Sarathi Award 2025 for ‘CSR in Sustainability’ Won ‘Innovative SME Policy/Product of the year’ Award Won “Data Impact Award 2025 (APAC) under the category- Operational Excellence for Open Lakehouse and Iceberg Innovation ”
Page 61
Quarterly Results Q3FY26 61 Shareholding Pattern (as on Dec 31, 2025) ▪ Share Capital `621 crores ▪ Shareholders’ Funds `196,709 crores ▪ Book Value Per Share `634 ▪ Diluted EPS (Q2FY26) (Annualised) `82.50 ▪ Market Capitalization `390,655 crores (as on January 25, 2026) Foreign Institutional Investors 41.18% Indian Institutions 41.38% GDR's 3.26% Life Insurance Corporation 7.89% Others 6.29%
Page 62
Quarterly Results Q3FY26 62 Financial Performance 1 excluding trading profit and exchange gain/loss on capital repatriated from overseas subsidiary Financial Performance (₹ crores) Q3FY26 Q3FY25 % Growth 9MFY26 9MFY25 % Growth Interest Income A 32,274 30,954 4% 94,308 91,435 3% Other Income B = C+D+E 6,226 5,972 4% 20,108 18,478 9% - Fee Income C 6,100 5,455 12% 17,883 16,166 11% - Trading Income D 61 368 (83%) 1,979 1,886 5% - Miscellaneous Income E 64 149 (57%) 246 425 (42%) Total Income F = A+B 38,500 36,926 4% 1,14,416 1,09,912 4% Interest Expended G 17,988 17,348 4% 52,717 50,897 4% Net Interest Income H = A-G 14,287 13,606 5% 41,591 40,537 3% Operating Revenue I = B+H 20,512 19,578 5% 61,699 59,015 5% Core Operating Revenue1 J 20,451 19,147 7% 59,720 57,003 5% Operating Expenses K 9,637 9,044 7% 28,896 27,662 4% -Staff Expense L 2,772 2,985 (7%) 9,151 9,231 (1%) -Non Staff Expense M 6,865 6,060 13% 19,745 18,431 7% Operating Profit N = I-K 10,876 10,534 3% 32,803 31,353 5% Core Operating Profit1 O 10,815 10,102 7% 30,824 29,341 5% Provisions other than taxes P 2,246 2,156 4% 9,741 6,399 52% Profit Before Tax Q = N-P 8,630 8,378 3% 23,063 24,954 (8%) Tax Expenses R 2,140 2,074 3% 5,677 5,698 (0.4%) Net Profit S = Q-R 6,490 6,304 3% 17,385 19,256 (10%) EPS Diluted (in `) (annualized) 82.50 80.32 73.96 82.12 Return on Average Assets (annualized) 1.49% 1.64% 1.40% 1.71% Return on Equity (annualized) 13.68% 15.37% 12.61% 16.43% Capital Adequacy Ratio (Basel III) (incl. profit) 16.55% 17.01% 16.55% 17.01%
Page 63
Quarterly Results Q3FY26 63 Financial Performance $ figures converted using exchange rate of 1$ = `89.8750 Financial Performance ($ mn) Q3FY26 Q3FY25 % Growth 9MFY26 9MFY25 % Growth Interest Income A 3,591 3,444 4% 10,493 10,174 3% Other Income B = C+D+E 693 665 4% 2,237 2,056 9% - Fee Income C 679 607 12% 1,990 1,799 11% - Trading Income D 7 41 (83%) 220 210 5% - Miscellaneous Income E 7 17 (57%) 27 47 (42%) Total Income F = A+B 4,284 4,109 4% 12,731 12,229 4% Interest Expended G 2,001 1,930 4% 5,866 5,663 4% Net Interest Income H = A-G 1,590 1,514 5% 4,628 4,510 3% Operating Revenue I = B+H 2,282 2,178 5% 6,865 6,566 5% Core Operating Revenue1 J 2,276 2,130 7% 6,645 6,342 5% Operating Expenses K 1,072 1,006 7% 3,215 3,078 4% -Staff Expense L 308 332 (7%) 1,018 1,027 (1%) -Non Staff Expense M 764 674 13% 2,197 2,051 7% Operating Profit N = I-K 1,210 1,172 3% 3,650 3,488 5% Core Operating Profit1 O 1,203 1,124 7% 3,430 3,265 5% Provisions other than taxes P 250 240 4% 1,084 712 52% Profit Before Tax Q = N-P 960 932 3% 2,566 2,776 (8%) Tax Expenses R 238 231 3% 632 634 (0.4%) Net Profit S = Q-R 722 701 3% 1,934 2,143 (10%) EPS Diluted (in `) (annualized) 82.50 80.32 73.96 82.12 Return on Average Assets (annualized) 1.49% 1.64% 1.40% 1.71% Return on Equity (annualized) 13.68% 15.37% 12.61% 16.43% Capital Adequacy Ratio (Basel III) (incl. profit) 16.55% 17.01% 16.55% 17.01% 1 excluding trading profit and exchange gain/loss on capital repatriated from overseas subsidiary
Page 64
Quarterly Results Q3FY26 64 Balance Sheet Balance Sheet As on 31st Dec’25 As on 31st Dec’24 As on 31st Dec’25 As on 31st Dec’24 % Growth CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ Mn in $ Mn Capital 621 619 69 69 0.3% Reserves & Surplus 1,96,088 1,70,660 21,818 18,988 15% ESOP Outstanding 1,271 1,019 141 113 25% Deposits 12,60,786 10,95,883 1,40,282 1,21,934 15% Borrowings 2,17,866 1,89,255 24,241 21,058 15% Other Liabilities and Provisions 75,539 68,276 8,405 7,597 11% Total 17,52,171 15,25,712 1,94,956 1,69,759 15% ASSETS Cash and Balances with RBI / Banks and Call money 1,00,110 84,455 11,139 9,397 19% Investments 4,18,429 3,53,283 46,557 39,308 18% Advances 11,59,052 10,14,564 1,28,962 1,12,886 14% Fixed Assets 6,329 6,081 704 677 4% Other Assets 68,251 67,328 7,594 7,491 1% Total 17,52,171 15,25,712 1,94,956 1,69,759 15% $ figures converted using exchange rate of 1$ = `89.8750
Page 65
Quarterly Results Q3FY26 65 • Reduced lumpiness of the wholesale business: Given quality and granularity of the wholesale book, the new credit costs should be lower for this cycle as compared to previous cycle • Provisioning rules tightened and rule based, PCR an outcome: We now operate at 15% to 20% higher than where we used to previously operate. This needs to be factored in the incremental provisioning in the short term Drivers of Credit Costs Legacy asset quality issues adequately addressed 7.29% 1.32% 0.16% Jun'16 Mar'19 Dec'25 Trend in BB corporate book (Fund based as % of GCA) 1.67% 5.26% 1.40%0.70% 2.06% 0.42% Mar'16 Mar'19 Dec'25 Asset quality metrics GNPA NNPA PCR Without technical writeoffs 1.35% 0.70% 0.54% 0.61% 0.62% 0.61% 1.11% 2.82% 3.57% 1.91% 2.15% 1.87% 1.04% 0.74% 0.65% 1.04% 1.70% 0.95% 1.02% 1.19% 0.46% 0.37% 0.48% 0.54% 0.55% 1.06% 2.78% 3.53% 1.56% 1.89% 1.68% 0.72% 0.40% 0.37% 0.69% 1.38% 0.73% 0.76% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q1FY26 Q2FY26 Q3FY26 Credit Cost Net Credit Cost Overall Credit Costs: FY10 to Q2FY26 20 year average: (FY06 to FY25) 1.18% 0.99% 56% 62% 70%
Page 66
Quarterly Results Q3FY26 66 76% 75% 71% 70% 70% PCR without technical write-offs Outstanding Covid (1+2) restructuring as on 31.12.2025 Implemented Bank 1,030 Retail 860 Wholesale 176 CBG - Bank as a % of GCA 0.08% Retail as a % of segment GCA 0.13% Wholesale as a % of segment GCA 0.05% CBG as a % of segment GCA - Limited restructuring, largely secured and well provided Bank’s Net NPA1 and Fund based BB and Below1 portfolio All figures in ₹ Crores 1 As % of customer assets, as applicable PCR (excluding technical write offs) at 70%; net NPA at 0.42% BB & Below Outstanding Q2 FY26 Q3 FY26 Fund based (FB) 2,182 1,916 Non fund based 809 702 Investments 1,030 902 Key comments on BB and Below book ▪ ₹81 crs downgraded to BB & below during the quarter ▪ ₹31 crs slippages to NPA ▪ ₹564 crs net reduction in form of balances/exits/upgrades from the BB & Below book during the quarter ▪ Average ticket size ~ ₹40 crs ▪ Top 5 sectors comprising Chemical & Chemical Products, Real Estate, Power Generation & Distribution, Infra Construction and Textile for 76% of FB book The outstanding amount in ‘BB and Below’ portfolio incorporates cumulative impact of rating Upgrades / Downgrades and Slippages from the pool Update on restructured book BB & below book ▪ Overall provision on restructured book ₹ 197 crs, coverage ~ 17% ▪ ~99% of Retail Covid (1+2) is secured, unsecured 100% provided ▪ MSME (1+2) restructured book ₹ 120 crs, 0.01% of GCA, provision held ₹ 33 crs ▪ Linked non-restructured book ₹50 crores, provision held ₹ 19 crs 0.35% 0.33% 0.45% 0.44% 0.42% 0.27% 0.23% 0.22% 0.18% 0.16% 0.62% 0.56% 0.67% 0.62% 0.58% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Net NPA BB & Below (Fund based)
Page 67
Quarterly Results Q3FY26 67 Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “strategy”, “philosophy”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, future levels of non-performing loans, our growth and expansion, the adequacy of our allowance for credit losses, our provisioning policies, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Axis Bank Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Safe Harbor
Page 68
Quarterly Results Q3FY26 68 Thank You