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NSE: AXISBANK BSE: 532215 LSE (GDR): AXB Investor Presentation Quarterly Results Q2FY27
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Quarterly Results Q2FY27 2 Cumulative provisions (standard + additional non-NPA) Axis Bank at a glance Axis Bank Market Share ~ 55 mn Customers 1,00,900+ Employees 3.36% Net Interest Margin 5 2.14% Cost to Assets 5 2.19% Operating Profit Margin 5 Balance Sheet 16.27% | 14.61% Profitability Key Subsidiaries 1Domestic network including extension counters; 2 Based on the Bank’s aggregate advances/ deposits over RBI data as of September 30, 2026 3 UPI payer PSP space market share by volume for Q2FY27 4 Credit Cards in force market share as of Aug’26 5 for Q2FY27 6 CAR – Capital Adequacy ratio; CET 1 – Common Equity Tier 1 ratio; 7 for H1FY27 8 Adjusted for impact of transfer of PMS business from Axis Securities to Axis AMC; PCR Net NPACAR 6 CET 16 `159 bn | 1.16% 70% | 0.35% 3rd largest Private Bank in India 6,414 Branches 1 42% YOY growth in Axis Finance PAT 7 61% YOY growth in Axis Capital PAT 7 9% YOY growth in Axis Securities PAT 7, 8 13.96% Consolidated ROE 5 Traditional Banking Segment Digital Banking Segment 5.4% Assets 2 5.8% Advances 2 5.1% Deposits 2 ~ 38% UPI 3 ~ 13% Credit Cards 4 36% YOY growth in Axis AMC PAT 7, 8
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Quarterly Results Q2FY27 3 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Quarterly Results Q2FY27 4 1QAB: Quarterly Average Balance; MEB: Month End Balance ; 2Excluding impact on period end balance of the portion of FCNR (B) deposits that are backed by advances extended by Bank’s international branches; 3Bank’s focus segments include Small Business Banking (SBB), Small & Medium Enterprises (SME), Mid Corporate, Rural, Personal Loans ( PL) and Credit Card Advances 4 Market share by volume for Q2FY27; 5 NPCI data for top 50 UPI Remitter Members, last 12 months average as of September’26; 6 Based on RBI data as of Aug’26; 7 MAU: Monthly Active Users engaging in financial & non-financial transactions; 8 Coverage Ratio = Aggregate provisions (specific + standard + additional + other contingencies) / IRAC GNPA; 9 Annualised; 10 Adjusted for impact of transfer of PMS business from Axis Securities to Axis AMC Major highlights for Q2FY27 Robust deposit growth sustained across average and period end balances supported by strong CASA and FCNR (B) inflow Healthy core operating performance supported by strong NII • Raised FCNR (B) deposits of ₹1,018 bn, incl. ₹438 bn backed by advances from Bank’s international branches and ₹449 bn backed by standby letters of credit • YOY QAB1 | MEB1 basis, total deposits grew 23% | 21% (17%)2; term deposits grew 28% | 27% (21%)2, CA grew 15% | 7%, SA grew 13% | 12%, respectively • QOQ QAB1 | MEB1 basis total deposits grew 7% | 6% (3%)2, term deposits grew 10% | 8% (3%)2, CA grew 3% | -%, SA grew 2% | 2%, respectively • QAB1 | MEB1 CASA grew 14% | 11% YOY and 3% | 2% QOQ, with CASA ratio at 35% | 36% (38%)2 • Core Operating profit at ₹10,998 crores, up 11% YOY; Core operating revenue at ₹21,817 crores, up 10% YOY and 5% QOQ • Net Interest Income up 12% YOY and 5% QOQ, Net Interest Margin (NIM) at 3.36%; and excl. of FCNR (B) impact NIM at 3.47% • Fee income up 6% YOY; granular fee constituted 90% of overall fees • Cost to assets at 2.14%, declined 6 bps QOQ and 24 bps YOY, delivered positive jaws on core operating revenue Key subsidiaries continue to deliver 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 ~ 38%4, with lowest technical declines5 • Continues to be amongst the largest players in Merchant Acquiring business in India with a terminal market share of 25.7%6 • Acquired ~1.09 mn cards in Q2FY27, having a market share of ~13.1%6 of Cards in force; first and only Bank in India to launch Apple Pay • Axis Mobile app continue to be among the top-rated mobile banking app on Google Play store and iOS store with a rating of 4.8 on both, with ~16 mn MAU7 • Total H1FY27 PAT of domestic subsidiaries at ₹1,210 crores up 29% YOY; Return on investments of ~ 45% in domestic subsidiaries • Axis Finance H1FY27 PAT at ₹546 crores up 42% YOY, Stable asset quality metrics with net NPA at 0.35% • Axis AMC’s H1FY27 PAT 10 at ₹370 crores up 36% YOY, Axis Securities H1FY27 PAT 10 at ₹191 crores up 9% YOY • Axis Capital H1FY27 PAT at ₹149 crores up 61% YOY; executed 20 ECM and 5 non-ECM deals in Q2FY27 Well capitalized with adequate liquidity buffers • Overall capital adequacy ratio (CAR) stood at 16.27%, CET 1 ratio at 14.61% • Additional cushion of ~49 bps over the reported CAR, attributable to other provisions and one-time standard asset provision aggregating ₹8,006 crores • Excess SLR of ₹1,04,306 crores • Avg. LCR during Q2FY27 was ~119% Strong loan growth delivered supported by sustained growth in retail disbursements • Advances grew 9% (5%)2 QOQ and 23% (19%)2 YOY; Bank’s focus segments3 grew by 6% QOQ and 18% YOY • SBB3+SME+MC at ₹3,316 bn | 24% of total loans, up ~772 bps in last 5 years • SME loans up 9% QOQ and 25% YOY, Corporate loans up 8% QOQ and 34% YOY, of which Mid-Corporate (MC) up 9% QOQ and 29% YOY • Retail loans grew 10% (3%)2 QOQ and 16% (10%)2 YOY of which SBB book grew 7% QOQ and 21% YOY. Retail disbursements grew 20% QOQ and 22% YOY Improving asset quality • GNPA at 1.16% down 30 bps YOY, NNPA at 0.35% down 9 bps YOY • PCR healthy at 70%, Coverage 8 ratio at 164% up 17% YOY • Gross slippage ratio 9 at 1.48% down 63 bps YOY, Net slippage ratio 9 at 0.75% down 30 bps YOY • Net credit cost 9 at 0.45%, down 28 bps YOY Robust growth in deposits at 21% YOY and 6% QOQ and advances at 23% YOY and 9% QOQ; PAT up 38% YOY to ₹7,003 crores aided by strong NII growth at 12% YOY and improving asset quality H1FY27 Consolidated ROE (annualized) at 14.23%, up 170 bps YOY, with subsidiaries contributing 50 bps
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Quarterly Results Q2FY27 5 CASA growth 9,915 10,998 Q2FY26 Q2FY27 11% YOY 64% 36% TD CASA 5,090 7,003 Q2FY26 Q2FY27 Key metrics for Q2FY27 Snapshot (As on 30th September 2026) 21% YOY (a) / 17% YOY (a, c) 23% YOY (b) 54% 12% 34% Retail SME Corporate 16% YOY 23% YOY / 19% YOY (c) Profit After Tax (in ₹ crores) 11% YOY 14% YOY Core Operating Profit (in ₹ crores) 25% YOY 34% YOY (b) (a) Deposits 38% YOY a Period end balances; b Quarterly average balance; c Excluding impact on period end balance of the portion of FCNR (B) deposits that are backed by advances extended by Bank’s int ernational branches Absolute (₹ Cr) QOQ YOY Growth Q2FY27 Q1FY27 H1FY27 Q2FY27 Q2FY27 H1FY27 Net Interest Income 15,371 14,646 30,018 5% 12% 10% Fee Income 6,381 6,156 12,536 4% 6% 6% Operating Expenses 10,819 9,722 20,541 11% 9% 7% Operating Profit 11,083 11,659 22,742 (5%) 6% 4% Core Operating Profit 10,998 11,122 22,120 (1%) 11% 11% Profit after Tax 7,003 7,114 14,117 (2%) 38% 30% Q2FY27 YOY Growth Total Assets 20,46,240 22% Net Advances 13,73,727 23% Total Deposits 14,52,066 21% Shareholders’ Funds 2,18,749 15% Q2FY27 / H1FY27 Q2FY26 / H1FY26 Diluted EPS (Annualised in `) 88.80 / 90.01 64.75 / 69.70 Book Value per share (in `) 703 612 Std ROA (Annualised %) 1.38 / 1.44 1.23 / 1.35 Std ROE (Annualised %) 13.30 / 13.73 11.06 / 12.09 Cons ROA (Annualised %) 1.49 / 1.51 1.30 / 1.39 Cons ROE (Annualised %) 13.96 / 14.23 11.51 / 12.53 Gross NPA Ratio 1.16% 1.46% Net NPA Ratio 0.35% 0.44% Basel III Tier I CAR 14.96% 14.83% Basel III Total CAR 16.27% 16.55% Balance Sheet Profit & Loss Key Ratios (a) Advances (a)
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Quarterly Results Q2FY27 6 FCNR (B) Deposits under RBI Special Window Balance sheet metrics As on Sep-26 YOY % QOQ % Total Deposits 14,52,066 20.7% 5.8% CASA 5,29,539 10.5% 1.5% Term Deposits 9,22,527 27.3% 8.4% Total Deposits excl. FCNR (B) deposits backed by loans from the Bank 14,08,307 17.0% 2.6% Term Deposits excl. FCNR (B) deposits backed by loans from the Bank 8,78,768 21.3% 3.2% Total Advances 13,73,727 23.0% 8.9% Retail Advances 7,39,905 16.4% 9.5% Total Advances excl. loans from the Bank for FCNR (B) deposits 13,29,968 19.1% 5.4% Retail Advances excl. loans from the Bank for FCNR (B) deposits 6,96,146 9.5% 3.0% Loans backed by Standby Letters of Credit ₹ 469 bn ($4.49 bn) Amount in ₹ crores Include 8.6% QOQ reduction in non- retail term deposits Total FCNR (B) deposits ₹ 1,018 bn ($10.62 bn) Backed by Loans extended by the Bank ₹ 438 bn ($4.57 bn) Backed by Standby Letters of Credit ₹ 449 bn ($4.69 bn) Includes:
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Quarterly Results Q2FY27 7 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Quarterly Results Q2FY27 8 6,355 6,446 6,735 6,756 7,399 1,315 1,393 1,472 1,516 1,646 3,497 3,751 4,129 4,344 4,692 11,167 11,590 12,336 12,616 13,737 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Retail SME Corporate total (12%) (54%) (34%) 2,995 3,065 3,124 3,317 3,394 1,345 1,417 1,458 1,497 1,549 7,057 7,492 7,682 8,234 9,021 11,397 11,974 12,265 13,048 13,964 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 SA CA TD (11%) (65%) (24%) 56% 1 Quarterly Average Balance 2 Average deposits from retail and small business customers as reported in Liquidity Coverage Ratio (LCR) disclosure for the pe riod as proportion of total QAB deposits All figures in ₹ billion Segment loan mix 25% 16% 23% 34% YOY Deposit and Loan growth performance 9% 9% QOQ 8% 15% 23% YOY 7% QOQ 10% Deposit mix (QAB)1 Proportion of Retail deposits as per LCR2 4.77% 4.75% 4.80%4.73% 55% 53% 28% 4.83% 13% 51%56% 55% 2% 3% 96% 93% Share of Domestic Loans in overall loan book 97%97% 96% Cost of Deposits 10%
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Quarterly Results Q2FY27 9 3,118 2,772 3,115 3,058 3,314 6,839 6,865 7,352 6,664 7,505 9,957 9,637 10,466 9,722 10,819 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Staff cost Non-staff cost All figures in ₹ Crores 5% 7% 6% 5% 9% Opex growth (YOY) 11% 10,413 10,876 10,013 11,659 11,083 9,915 10,815 10,619 11,122 10,998 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Operating profit & Core operating profit Operating Profit (OP) Core Operating Profit 13,745 14,286 14,457 14,646 15,371 6,625 6,226 6,023 6,736 6,531 20,369 20,512 20,480 21,382 21,902 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Operating revenue Net Interest Income Non-Interest Income 5,090 6,490 7,071 7,114 7,003 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Operating Performance Profit after tax OP Core OP YOY Operating expense YOY QOQ QOQ 38% 3% 6% 5% 11% YOY QOQ 10% 8% YOY QOQ 2% 13% 2%8% 12% 1% 9% 6% 5% 1% 6%1 1 Year on year growth excluding one time expenses 7%1
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Quarterly Results Q2FY27 10 Net interest margin trend 3.73% 3.64% 3.62% 3.46% 3.36% 3.82% 3.75% 3.73% 3.60% 3.55% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 NIM - Overall NIM - Domestic Net interest Margin (NIM) 5.17% 5.35% 5.43% 5.44% 5.45% 5.46% 5.50% 5.39% 5.15% 5.07% 5.06% 5.04% 5.07% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Cost of Funds Advances mix by rate type ~ 72% of loans floating 1M, 0.3% 3M, 1% 6M, 1% 12M, 4% MCLR Duration Split (September-26) 3.46% 3.36% 0.01%0.11% NIM Q1 FY27 Impact of FCNR deposits Interest reversal NIM Q2 FY27 NIM Movement - Q1 FY27 to Q2 FY27 1Totals may not sum to 100% due to rounding. 2 EBLR - External benchmark linked rate 60% 6% 2%0.2%3% 28% Repo linked MCLR linked Other EBLR Base Rate linked Foreign currency- floating Fixed 2
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Quarterly Results Q2FY27 11 2.3% 1.5% 0.9% 0.5% 0.4% As a % to total assets 30,564 21,557 14,450 8,690 7,203 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 NIM has seen structural improvement led by multiple drivers Reducing share of low yielding RIDF bonds Improvement in balance sheet mix 2 Composition reflected through average1 CASA% 3 43.6% 42.5% 39.3% 37.8% 36.1% FY23 FY24 FY25 FY26 H1FY27 Retail & CBG as % of loan book 71% 86% 88% 89% 89% 89% Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Loans and investments as % of total assets 1 Daily average CASA ratio for the period 67% 66%68% 71% 41 bps 2 Decline in cost of CASA for Q2FY27 as compared to FY23 2 1 5.1% 3.8% 3.9% 4.4% 4.2% Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Non INR book as % of overall loan book 3 3 Excluding loans for FCNR (B) deposits
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Quarterly Results Q2FY27 12 25% 44% 15% 16%21% 44% 17% 18% 26% 41% 17% 15% TPP Retail Cards & Payments Retail Assets excl cards & payments Retail Liabilities & others Q2FY26 Q1FY27 Q2FY27 1,768 1,743 1,727 2,004 1,943 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 4,269 4,358 4,833 4,152 4,437 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Retail Banking fees 4% YOY 7% QOQ All figures in ₹ Crores • 5% YOY growth in Transactional Banking fees, forex & trade • 263% YOY growth in Treasury fees (ex forex) Corporate & Commercial Banking fee 10% YOY Healthy growth in fees; granularity built across our business segments 70%67% 29% 26% 30%29% 71% 71% 26% 3% 68% 26% 6% 68% 23% 10% Transaction Banking Credit Treasury (ex forex) Q2FY26 Q1FY27 Q2FY27 71% 33% Retail fee mix1 Corporate & Commercial Banking fee mix1 Trade, Forex and Financial Institutional payments related fee form part of Transaction Banking 74% • 9% YOY growth in Third Party Products (TPP) • 18% YOY growth in Retail Assets excl. Cards & Payments Segment contribution to total feesxx% 1Totals may not sum to 100% due to rounding
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Quarterly Results Q2FY27 9,957 10,819 410 201 251 Q2FY26 opex Volume linked Technology & Growth Business as Usual Q2FY27 opex Technology expenses are ~10% of total opex for Q2FY27 23% YOY% % of growth 22% 23% 24% 32% 34% 32% 46% 43% 44% Q2FY26 Q1FY27 Q2FY27 Volume linked Technology & Growth Business as Usual Break-up of operating expenses - 3% 9,957 9,722 10,819 2.17% 2.22% 2.55% 2.46% 2.28% 2.20% 2.14% FY22 FY23 FY24 FY25 FY26 Q1FY27 Q2FY27 YOY 24 bps QOQ 6 bps Operating expenses grew at 9% YOY 13 Cost to Assets % 11%1 9% 48% 19% 6% 6% 29% 6%2 1. Reported % change 2. Normalized opex % change excluding one off charge in current quarter versus one-time write-back items in previous quarter Investments in IT Infra and digital journeys Business volumes and change in rates Includes impact of Increments rolled out in Q1 & Statutory costs All figures in ₹ Crores YOY movement
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Quarterly Results Q2FY27 14 AXIOM: Building an AI-led, customer-centric bank Our AI operating model is driven by a platform approach with reusable capabilities AXIOM Operating Model 5 focus areas driving AI industrialization AXIOM Capability Platform Reusable, governed capabilities creating enterprise-wide impact FROM USE CASES TO PLATFORMS REUSABLE AI CAPABILITY PLATFORMS Enterprise assets built once, reused everywhere VisionXtract Document AI capability stack to drive Zero Ops LIVE Voice AI Voice intelligence stack to drive customer satisfaction LIVE Knowledge AI Enterprise knowledge search & content generation LIVE RM Copilot Intelligent insights and relationship augmentation LIVE COMMON, REUSABLE, SCALABLE Designed once. Deployed many times. Creating a compounding value across Axis. GOVERNANCE LAYER Responsible AI, safe & compliant at scale ✓ Enterprise AI Governance model ✓ Evaluation Harness Quality evaluation ✓ Model Lifecycle Management & Monitoring ✓ Responsible AI ISO 42001 Certified
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Quarterly Results Q2FY27Quarterly Results Q2FY27 15 ~275 AXIOM in Action: Q2FY27 - Progress at a glance 8K 2.50 Mn+ ~0.75 Mn ~34 Mn AI- assisted doc reading ~35 p.p1 NFTR reduction in YoY growth2 Zero OpsA ~9.5X growth #Call conversions QOQ ~60% Volume Conversational Interface for Customers No. of queries processed in ADI ~90%C B Enterprise Knowledge Bot AI-driven Insights ~9.5 Mn D E Evangelisation 2.8 Mn + F O C U S A R E A S 1 Percent point 2Select scope ~90% Employee engagement with copilot Responses liked by users # Conversational BI # Calls transcribed # CitizenAI solutions Sales: AI bot- led calls # Insights generated ~4 Mn Monthly prompts generated ISO 42001 First Certified BFSI Globally ~50%Collections: AI bot- led calls ~50K # Unique users Collections: Call resolution rate 300 + AI catalysts
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Quarterly Results Q2FY27 16 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Quarterly Results Q2FY27 17 14.38% 14.61% 0.95%1.18% CET-1 Mar'26 Accretion Consumption CET-1 Sep'26 118% 118% 120% 120% 115% 119% 118% 119% 119% 116% 117% 119% 119% 100% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Liquidity Coverage Ratio (consolidated) Bank's LCR (consolidated) Regulatory minimum LCR • The Bank holds excess SLR of `1,04,306 crores Strong capital position with adequate liquidity 75% 74% 72% 72% 71% Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 RWA to Total Assets Bank’s Capital Adequacy Ratio 15.24% 14.02% 13.74% 14.67% 14.38% 14.61% 1.10% 0.55% 0.46% 0.40% 0.40% 0.35% 2.20% 3.07% 2.43% 2.00% 1.64% 1.31% 18.54% 17.64% 16.63% 17.07% 16.42% 16.27% Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 CET 1 CAR AT1 CAR Tier 2 CAR Total CAR * * Includes 21 bps increase due to discontinuation of IFR
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Quarterly Results Q2FY27 18 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Axis Bank Document Classification | Confidentiel Retail Banking 36% CASA ratio (MEB3) ~52 Mn Individual customers 20% YOY growth in Rural advances `8.20 Tn AUM in wealth management 54% Share of Advances1 70% Share in total fee4 16% YOY growth in Retail advances 13% | 12% 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 Q2FY27
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Quarterly Results Q2FY27 20 The Deposit journey for Axis Bank should be looked at from three aspects… …with controlled movement in cost of deposits over the last 2 years and… … growing faster than the industry aided by improved acquisition and customer deepening. We continue to work on improving the granularization in order to improve the quality of LCR deposits… 17% 13% 12% 21% 15% 15% 23% 15% 14% Last 1 yr Last 3 yrs CAGR Last 5 yrs CAGR Industry Axis (MEB) Axis (QAB) 1 2 3 2 21 1 Industry data is based on the RBI disclosures as of September 30th, 2026. 2 QAB: Quarterly Average Balance; MEB: Month End Balance. Cost of deposits Source: 27.3% 28.6% 28.8% 27.9% 29.0% Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 LCR Outflow rates 4.62% 4.79% 4.94% 5.06%5.08%5.08% 5.13% 5.19% 5.07% 4.83% 4.77%4.73%4.75% 4.80% Q1 FY24 Q2 FY24 Q3 FY4 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27
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Quarterly Results Q2FY27 21 …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 Tractor journey fully digitized on SFDC, market share improved significantly ‘Family Banking Program’ and benefits including super premium Magnus Card for Burgundy customers 45% YOY growth in individual RTD by value sourced digitally for Q1FY27 ~ 20K extensive distribution network of Common Service Centers (CSC) VLEs 3 Project NEO aiding higher contribution from transaction- oriented flow businesses Corporate Salary offerings remain amongst the best 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 13% YOY and balances1 per account up 20% YOY Calibrated branch expansion strategy (introduced first of its kind robotic locker branches) Bharat Banking 28% YOY growth in Term Deposits Siddhi empowering Axis Bank colleagues to engage with customers seamlessly 77% of customer requests serviced digitally as part of Branch of the Future 30% CAGR in Burgundy wealth management AUM since Mar’20 2.7 mn Retail Term Deposits acquired in Q2FY27 Exclusively curated product propositions 1Based on Monthly daily average basis (MDAB) 2 Village Level Entrepreneurs 3 QAB 4 6% YOY growth in Premium acquisitions in NTB Salary book by Sep’26 16% YOY growth in ETB Salary book by Sep’26
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Quarterly Results Q2FY27 22 44,400+ ₹2.77 Tn 1.47 2.13 2.61 3.57 5.37 5.92 6.78 6.45 8.20 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Amongst the leading players in India’s Wealth Management space Burgundy Private Client Base Overall Burgundy AUM has grown strongly All figures In ₹ trillion 30% CAGR1 1 CAGR for period Mar-20 to Sep-26 27% YOY 9% QOQ Burgundy Private 3-in-1 Cards Burgundy Private AUM 12% YOY 18,126 30% YOY 12% YOY 18,750+Burgundy Private Families 23% YOY
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Quarterly Results Q2FY27 23 42%50%55% 67%76%78% Auto loanSBBCredit CardHLLAPPersonal Loan in ₹ Crores Sep-26 QOQ YOY % Prop Home Loans 1,75,261 1% 6% 24% Rural loans 2 1,22,338 4% 20% 17% LAP 90,177 3% 10% 12% SBB 3 85,167 7% 21% 12% Personal loans 84,954 3% 8% 11% Auto loans 61,397 2% 7% 8% Credit Cards 45,422 - (3%) 6% Comm Equipment 13,053 1% 11% 2% Loans for self leveraged FCNR deposits 43,759 - - 6% Others 4 18,377 12% (9%) 2% Total Retail 7,39,905 10% 16% 100% 100% of PL and 73% of Credit Cards portfolio is to salaried segment Average LTVs: 62% in overall home loan portfolio 44% in LAP portfolio ₹7.4 trillion Retail loan book remains well diversified Retail book (in ₹ billion) ETB5 mix in retail portfolio 6% 6% 8% 8% 16% 2% 1% 4% 0% 10% ~ 74% of our retail book is secured (1) YOY QOQ 1 Basis Bank’s classification of secured, 2 Includes gold loans, 3 Includes LAP in SBB segment of ₹3,184 crs as on 30.09.2026; 4 Others comprise of supply chain finance loans, education loans etc. 5 Existing to Bank (as of Aug-26) 6 LTV on sourcing basis for Q2FY27 6,355 6,446 6,735 6,755 7,399 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 6 MFI loans are ~3.7% of retail loans, of which ~1.2% is retail MFI and the balance is wholesale MFI
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Quarterly Results Q1FY27 24 11% 10% 8% 7% 7% 7%6% 6% 4% 4% 3% 2% 2% 2%2% 21% Food and Beverages Infra & Other Construction Metal Products & Manufacturing Textile Trade Retail and Wholesale Industrial Self employed Non Professionals Health Care & Products Petro-Chemical and Products Gems & Jewellery Paper & Paper Products Chemicals Commercial Real estate Transport & logistics Hotels Others 22,041 32,666 42,495 49,764 60,164 66,302 6,576 10,316 14,724 16,993 17,854 18,865 28,617 42,982 57,219 66,757 78,018 85,167 FY22 FY23 FY24 FY25 FY26 Q2FY27 SBB Portfolio Working Capital Business Loans All figures in ₹ Crores Small Business Banking segment • ₹85k crores overall book with Business Loan (unsecured) book of ₹18.9k crores • ~72% value contribution from Secured products (working capital, overdraft, term loans, etc.) • ~₹196 lakhs average ticket size disbursed for Working Capital loans1 in Q2 • ~82% of SBB working capital portfolio is PSL compliant. • EWS portfolio monitoring indicates risks under control • ~79% Branch contribution to total business • 7.02 lakh+ customer base is on increasing trend 21% YOY 7% QOQ 24x7 Business loans : End to End digital lending contributes ~78% to overall unsecured BL disbursements Well diversified customer base2 Quarterly Results Q2 FY27 1Average excluding ECLGS 5.0; average ticket size including ECLGS 5.0 was ~₹ 60 lakh 2Working capital loans diversification re-classified basis SEG Industry classification
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Quarterly Results Q2FY27 25 1.21 1.26 1.24 0.96 1.06 0.68 0.77 0.79 1.07 0.95 1.10 0.92 1.09 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 1 Known to Bank Trend in Credit Card issuances ~17% share of KTB1sourcing to total card issuances in Q2FY27 Card issuances continue to remain strong In million Axis Bank Magnus Credit Card Axis Bank Horizon Credit Card Flipkart Axis Bank Credit Card ~13.1% period end market share for credit cards in force as of Aug’26 ~11.4% spends market share in 2M Q2FY27 16.3 mn+ Cards in force, 4.2 mn CIF for Flipkart Axis Bank Credit Card Apple Pay’s first-in-India partnership with Axis Bank reinforces our leadership in premium payments and accelerates customer acquisition, activation, and wallet share. Axis Bank continues to set the benchmark for customer-centric innovation in payments
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Quarterly Results Q2FY27 26 8,163 8,357 8,026 8,280 9,055 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 14% 15% 13% 13% 14% 86% 85% 87% 87% 86% 11.7% 11.2% 11.3% 11.2% 11.4% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Commerical Spends Retail Spends 1 2 19.8% 21.4% 22.1% 25.8% 25.7% Sep'25 Dec'25 Mar'26 Jun'26 Aug'26 Trend in Credit Card spends market share 1 Market share for 2M Q2FY27 based on RBI reported data as of Aug’26 2 Based on spends as proportion of total RBI reported spends 3 RBI data, as of Aug’26 Trend in Card spends and POS terminals Overall Q2FY27 CC spends at Trend in Debit Card spends `72,853 crores All figures In ₹ Cr ‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly ₹54 crores GMV (H1FY27) ~0.9 lakh transactions (H1FY27) Market share in POS terminals3 Rank2nd2nd Ranked amongst the largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities and partnerships 2nd2nd YOY QOQ 3% 14% 1% 2nd 2 2% 5%
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Quarterly Results Q2FY27 27 Driving the next phase of growth in Bharat through Scale, distinctiveness and sustainable value creation Well diversified rural lending portfolio with presence across 687 districts across India …..continue to scale high potential businesses through focused execution and digital led process • Building integrated rural ecosystem to deepen customer engagement and unlock multi-product growth opportunities • Lending opportunities in RuSu markets is complementing the Bank’s overall PSL strategy meaningfully Significant coverage in RuSu Markets… …with steady growth in business… 2,995 Bharat Banking branches 19,813 CSC VLEs network MFI- Retail • Market share gain with expansion through new branches and higher productivity • Profitability scale up through best-in-class collection efficiency and improving asset quality. Farm Mechanization • Growth led through higher counter share in prime dealership, driven by faster TAT and simplified customer journeys • Scaling “Used tractor” vertical to widen our market share Gold • Portfolio growth above market growth rate led by Agri & MSME products supported by gold centric branch expansion & faster TAT. • Paperless digitized journeys enhancing customer experience Bharat Enterprises • Focus on diversification to expand our share in MSME and Commodity • Explore and extend our presence in micro market hotspots for liability and forex Farmer Funding • Increase mix of Agri allied (Dairy, Fishery, etc), C2R and FPO for higher PSL growth • Unlocking growth through ecosystem funding in farm to fork value chain Social Security schemes • All products digitized to improve customer experience and adoption • Sourcing through all banking channels depicting “One-Axis” approach 43,698 56,332 70,918 91,866 103,512 118,586 122,338 FY21 FY22 FY23 FY24 FY25 FY26 Q2FY27 Rural loans portfolio & composition (in ₹ Cr)21% CAGR1 20% YOY 17% | 3% YOY | QOQ growth in Deposits 20% YOY growth in Rural Advances 1 Mar-21 to Sep-26 33% 27% 15% 7% 14% 4% Farmer Finance Bharat Enterprises Gold MFI-Retail MFI-Wholesale & Co-lending Farm Equipment
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Quarterly Results Q2FY27 28 29% 23% 29% 19% Metro Urban Semi-Urban Rural 4,903 5,377 5,876 6,275 6,414 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Domestic branch network1 We have a very well distributed branch network Branch presence across categories • Connected with ~4.4 mn customers through this channel on an average per month in Q2FY27 • AVC manages relationship with our existing customers under affluent and other programs • AVC is present across West, South, North and East with 8 centres ~4.4 mn Customer connect 2 8 Centers 1,669 Virtual RMs Axis Virtual Centre 2 monthly average for Q2FY27 7% YOY 1 Includes extension counters • 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 353 BCBOs3 as of 30th September, 2026 • Dedicated Asset Desk Managers for fulfilment of all loan leads at select branches • Select Platinum branches to cater to SBB customer base 3 Business Correspondent Banking Outlets (BCBOs)
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Axis Bank Document Classification | Confidentiel Corporate & Commercial Banking 34% YOY growth in Corporate loans 88% Incremental sanctions to A-and above1 38% NEFT Market Share September’26 (by volume) 91% Share of corporate advances to clients rated A-and above 25% YOY growth in SME loans 9% YOY growth in Transactional Banking fees, forex & trade (for H1FY27) 15% | 7% YOY growth in CA deposits on QAB2 | MEB2 29% YOY growth in Mid Corporate loans 11% Foreign LC Market Share September’26 3 3 1 in corporate segment for H1FY27, ratings based on internal ratings of the Bank, applied in line with corresponding internal policies and procedures 2 QAB: Quarterly average balance, MEB: Month End Balance 3 Market share based on last twelve month average of RBI’s monthly reported data
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Quarterly Results Q2FY27 30 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
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31Quarterly Results Q2FY27 YTD Incremental sanctions to corporates rated A- & above 236,035 251,330 271,471 370,028 421,453 32,299 26,819 27,922 42,914 47,777 268,334 278,149 299,393 412,943 469,230 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Corporate Loans Overseas Domestic 89% 89% 90% 91% 91% 11% 11% 10% 9% 9% Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 A- or better BBB and below …with 91% of the book rated A- and above 91% of the corporate loan book is rated A- or better • 70% of book as on 30.09.2026 is rated AA- & above 34% YOY QOQ 68% 31% 12% In ₹ Cr % 86% 88%89% 88% 90% 28,432 42,914 47,777 Sep-25 Mar-26 Sep-26 Overseas corporate loan book In ₹ Cr 11% 8% • 89% is India linked based on standard book • 98% is rated A- and above based on standard book • 57% of standard outstanding constituted by top 10 conglomerates 1 Ratings based on internal ratings of the Bank, applied in line with corresponding internal policies and procedures
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Quarterly Results Q2FY27 32 We have a strong Transaction Banking proposition BBPS Value Market Share Market Share at 16% (Aug 261) GST Payment Market Share Market Share at 6% (Sep 261) 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 7%YOY growth in Current Account, Month End Balances (Q2FY27) Foreign LC Market Share Market Share at 11% (Sep 261) IMPS Volume Market Share Market share at 26% (Sep 261) Digital Adoption 83% Current Account customers registered for internet/mobile banking RTGS Value Payment Market Share Market Share at 9% (Sep 261) NEFT Volume Payment Market Share Market Share at 38% (Sep 261) 2 3 3 3 4 3
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Quarterly Results Q2FY27 33 14% 13% 12% 12% 10% % to Corporate Loans 48,948 48,355 51,550 51,938 47,851 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 65,363 63,820 H1FY26 H1FY27 18.5% 21.9% H1FY26 H1FY27 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 1st 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
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Quarterly Results Q2FY27 34 neo by Axis Bank | Empowering Businesses with Cutting -Edge Digital Solutions from Account Opening to Seamless Web & Mobile Experiences 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 Widely recognized for product innovation and customer experience… Highly rated Mobile Banking App Transformational Impact of Neo reflected in the strong product-market fit supported by ERP focused solutions and Partnerships 7.3K+ Customers Key Milestones - neo for corporates Digital invoicing module Business loans for individuals and sole proprietors 4.5K+ Customers • 1.8 Lac+ accounts opened using this platform • Digital CIB onboarding through co-origination journey reduced TAT by 3x • Integrated APIs digitise every step, reducing account opening time by 50% • Platform provides complete visibility of application movement • Offers curated solution for MAB customers One platform. One experience. 6L+ Customers People’s Choice Store Rating 4.6 4.6 4.6 neo for Corporates
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Quarterly Results Q2FY27 35 1 Figures stated represent only standard outstanding (advances, investments and non fund based) across all segments 2 Includes Banks (31% in Q2FY27 vs 32% in Q1FY27), Non Banking Financial Companies (46% in Q2FY27 vs 44% in Q1FY27), Housing Finance Companies (6% in Q2FY27 vs 6% in Q1FY27), MFIs (3% in Q2FY27 vs 3% in Q1FY27) and others (14% in Q2FY27 vs 15% in Q1FY27) 3 Lease Rental Discounting (LRD) outstanding stood at `39,071 crores 4 Financing of projects (roads, ports, airports, etc.) Industry-wise Distribution (Top 10) All figures in ` Crores Rank Outstanding1 as on 30th Sep’26 Sectors Advances Investments Non-fund based Total Value (in % terms) 1. Financial Companies2 1,27,636 30,299 60,338 2,18,273 12.92% 2. Engineering & Electronics 33,291 89 45,450 78,830 4.67% 3. Trade 55,416 5 18,252 73,673 4.36% 4. Power Generation & Distribution 46,782 3,609 17,835 68,226 4.04% 5. Real Estate3 61,801 2,988 1,580 66,369 3.93% 6. Infrastructure Construction4 28,181 4,706 21,834 54,721 3.24% 7. Food Processing 43,390 - 6,208 49,598 2.94% 8. Iron & Steel 31,394 - 14,637 46,031 2.73% 9. Chemicals & Chemical Products 26,078 - 16,044 42,122 2.49% 10. Petroleum & Petroleum Products 15,427 5,541 9,816 30,784 1.82%
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Commercial Banking Business Performance
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Quarterly Results Q2FY27 37 16% 19% 21% 22% 24% 24% % of overall loan book 20,900 35,341 50,292 61,875 70,663 85,16761,155 75,786 94,845 110,474 131,506 164,592 20,042 30,806 42,172 49,731 63,664 81,812 102,097 141,933 187,309 222,080 265,833 331,571 Sep'21 Sep'22 Sep'23 Sep'24 Sep'25 Sep'26 SBB SME Mid Corporate Strong growth in SBB+SME+MC book despite tightening our risk standards Axis Bank’s market share as % of overall Industry MSME4 credit3 32% CAGR2 22% CAGR2 32% CAGR2 Axis Bank’s Incremental MSME4 market share in last 5 years 27%1 CAGR2 CAGR2 in combined MSME, MC and SBB segment 27% 1 Considering our SME+SBB+MC book as numerator 2 period for CAGR Sep’21 – Sep’26 3 Based on RBI data as of Aug26 4 MSME includes SBB+SME+MC SBB: Small Business Banking segment, SME – Small Enterprises Group segment + Medium Enterprises Group segment, MC – Mid Corporate segment All figures in ` Crores 8.9% 8.2% SBB+SME+MC contribution mix has improved ~772 bps from 16.4% to 24.1% over last 5 years
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Quarterly Results Q2FY27 38 894 1,037 1,185 1,472 1,646 17% 20% 26% 83% 80% 74% Mar'23 Mar'24 Mar'25 Mar'26 Sep'26 Rated on SME Model Rated on Large Corporate Model All figures in ` bn 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 SME1 Advances 25% YOY 9% QOQ 1. CBG / SME advances represent advances of Small Enterprises Group (SEG) segment and Medium Enterprises Group (MEG) segment Note: a) Ratings based on internal ratings of the Bank, applied in line with corresponding internal policies and procedures b) As per the internal policy, companies in CBG portfolio are being suitably rated under SME ratings model or large corporate ratin gs model depending on their turnover. 67% 33% 68% 84% of loans were PSL compliant 32% 87% 85% 85% 84% 84% 13% 15% 15% 16% 16% Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 SME3 or better Others 42% 28% 28% 35% 35% 36% 45% 49% 48% 50% 17% 24% 20% 15% 14% 5% 3% 3% 2% 1% Mar'23 Mar'24 Mar'25 Mar'26 Sep'26 A- and better BBB+ and BBB BBB- Below BBB-
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Quarterly Results Q2FY27 39 27% 18% 28% 27% Less than 5 cr 5 cr to 10 cr 10 cr to 25 cr More than 25 cr 32% 28% 24% 16% West South North East & others SME lending Well diversified Geographical mix Well diversified Sectoral mix 1Book by Loan size 70% 68% 63% 30% 32% 37% Mar-25 Mar'26 Sep-26 Short term loan Long term loan SME book mix (by tenure) 87% 87% 87% FY25 FY26 H1FY27 Incremental sanctions to SME rated SME3 & above 15% 8% 9% 6% 6% 4%4%4%4% 4% 3% 2% 2% 2% 28% Trade Retail and Wholesale Food and Beverages CRE Textile Engineering Petrochemical and Petroleum Products Services Iron & Steel - Manufacturing Trade Metal and Metal Products Chemicals Drugs and Pharmaceuticals Infrastructure Construction Industrials Others 1Totals in charts may not sum to 100% due to rounding
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Transformation Capabilities D2C products 45% Individual RTDs value (Q2FY27) ~16 Mn Mobile Banking MAU5(Sep-26) 61% New SA acquisition3 84% PL disbursed (end-to-end digital) (in Q2FY27) 92% Credit cards issued2 (Q2FY27) 57% New MF SIP volume (Q2FY27) 250+ Services on digital channels 98% Digital transactions1 675 Total APIs 4,450+ Robotic automated processes ~750 In-house digital banking team6 ~2,500 People dedicated to technology agenda 86% Hires6 from non- banking background 40%+ Lift of bank credit model GINI scores over bureau 250+ Apps on cloud 1Based on all financial transactions by individual customers in Q2FY27 2 through digital and phygital mode 3 Digital tablet based account opening process for Q2FY27 Digital Banking ~12 Mn+ Non Axis Bank customers using Axis Mobile app7 (as of Sep’26) ~17% Contribution of KTB channels to overall sourcing of Cards (in Q2FY27) 4 on Google Play store and iOS store 4.8 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 7 Excludes Axis Pay app as it is decommissioned 4
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Quarterly Results Q2FY27 41 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 - 45% of retail individual TDs acquired digitally by value Become a Digital Consumer Lending Powerhouse - 84% 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 Q2FY27 Re-imagined & delightful customer experience B Full suite of products and services C
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Quarterly Results Q2FY27 42 Non-Axis Bank customers using Axis Mobile & Axis Pay apps as of Sep’26 MB spends in Q2FY27, up 13% YOY 810 Best-in-class BitSight 1 rating in BFSI 1st Indian Bank to be ISO certified for its AWS and Azure Cloud security 99.75% 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: 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 4.8 4.8 Hyper personalized | Intuitive | Seamless Among the highest rating of 4.8 on Google Play Store with 3.5 mn+ reviews 12 mn+ ~16 mn Monthly active users on Axis Mobile Banking 67% MB customers banking only on mobile app 77% of Branch service request volumes covered 3.4x YOY growth in AA3 based Personal loans disbursed ~1.5 mn Registrations since launch of ‘One View’ ~ ₹8.2 tn 0.01% UPI-Declines 2 - % decline as remitter (TD) 1 BitSight Security Ratings as of Sep’26 – higher the rating, the more effective the company is in implementing good security practices 2 As of Sep 26 3 Account Aggregator
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Quarterly Results Q2FY27 43 21,739 24,761 23,400 25,706 28,008 2,591,458 3,137,556 3,065,153 3,373,257 3,478,612 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 473,452 532,618 526,508 580,523 602,711 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Quarterly transaction value (in `Cr) Quarterly transaction volume (in mn) UPI has scaled up tremendously to become a key channel for customer transactions 34% YOY 29% 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 Strong customer base and partnerships Marque partnerships across the PSP and acquiring side and many other 1 A user registering VPA once in Axis Pay and once in Google Pay is counted as two 27% YOY ~ 16.2 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 ~38% by volume in Q2FY27 2,953 mn Cumulative VPA base1
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Quarterly Results Q2FY27 44 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Quarterly Results Q2FY27 45 0.95% 1.02% 0.75% 0.92% 0.72% 0.73% 0.76% 0.37% 0.63% 0.45% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Credit Cost Net credit cost 2.11% 2.11% 1.63% 1.79% 1.48% 1.05% 1.11% 0.70% 1.12% 0.75% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Gross Slippages Net Slippages GNPA, NNPA, slippages and credit costs improved YOY and QOQ 1.74% 0.61% GNPA NNPA Retail 0.70% 0.23% GNPA NNPA CBG 0.48% 0.03% GNPA NNPA WBG 65% 67% 94% Segmental composition Credit Cost (Annualised)Slippages (Annualised) 1.16% 0.35% GNPA NNPA Total 70% 1.46% 1.40% 1.23% 1.28% 1.16% 0.44% 0.42% 0.37% 0.39% 0.35% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 GNPA % NNPA % GNPA at 1.16% & NNPA at 0.35% 1 Provision coverage ratio without technical write offs 2 credit cost net of recoveries in written off accounts 1 1 1 1 2
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Quarterly Results Q2FY27 46 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Gross NPAs - Opening balance A 17,765 17,308 17,167 16,084 17,125 Fresh slippages B 5,696 6,007 4,675 5,566 4,762 Upgradations & Recoveries C 2,887 2,872 2,662 2,126 2,380 Write offs D 3,266 3,276 3,096 2,399 2,729 Gross NPAs - closing balance E = A+B-C-D 17,308 17,167 16,084 17,125 16,778 Provisions incl. interest capitalisation F 12,194 12,013 11,294 11,932 11,724 Net NPA G = E-F 5,114 5,154 4,790 5,193 5,054 Provision Coverage Ratio (PCR) 70% 70% 70% 70% 70% Accumulated Prudential write offs H 45,333 46,217 44,631 44,647 45,449 PCR (with technical write-off) (F+H)/(E+H) 92% 92% 92% 92% 92% Detailed walk of NPAs over recent quarters Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Loan Loss Provisions 2,133 2,307 1,146 2,079 1,564 Other Provisions 1,414 (61) 2,376 144 130 For Standard assets1 1,5683 (128) 455 195 444 Others (154) 67 1,9212 (51) (314) Total Provisions & Contingencies (other than tax) 3,547 2,246 3,522 2,223 1,694 Provisions & Contingencies charged to Profit & Loss Account All figures in ₹ Crores 1 including provision for unhedged foreign currency exposures 2 Includes an additional one-time provision of ₹2,001 crores under prudent provisioning framework for standard assets 3 includes additional one-time standard asset provision of `1,231 crores
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Quarterly Results Q2FY27 47 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Quarterly Results Q2FY27 48 Environmental Social Governance ~5.2 Mn women participants in microfinance rural lending 1st Indian Bank to constitute an ESG Committee of the Board 64% Proportion of Independent, Non-Executive Directors on the Board 14% Proportion of women directors on the Board Latest S&P DJSI ESG Score 2025 - 58 10th Consecutive year on FTSE4Good Index in 2026 MSCI ESG Ratings at AAA in 2026 (Sept) 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 75 (Leadership category) on CRISIL ESG Ratings Aug 2026 Rated 18.4 - Low Risk on Sustainalytics 2026 (Jan) Among Top 10 Constituents of S&P BSE CARBONEX Index ₹61,348 Cr Achieved Under Wholesale Banking to sectors with positive social and environmental outcomes ~2.8 Mn Households reached under Sustainable Livelihoods 30.1% Female representation in workforce ESG focus continues to have Bank-wide sponsorship 1.62 Lakh + women empowered through financial literacy sessions PAN India 9.01% EV penetration in fiscal 2026 (2-W) 98%+ Eligible Employees trained in AML & related laws ~4.16 Mn Saplings planted to create Carbon sink for environment Governance Score 81 Grade: Leadership (Top 7% companies in the S&P BSE) 7.2% EV penetration in fiscal 2026 (4-W)
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Quarterly Results Q2FY27 49 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% Our Commitment • Incremental disbursement • Share of women borrowers Unit Achievement as on FY 2026 Target achieved in 2024 Incremental financing of Rs. 60,000 Crores under Wholesale Banking to sectors with positive social and environmental outcomes, by FY 2030 ~₹61,348 Cr1 Making 8% of its retail Two-Wheeler loan portfolio as electric by FY 2027 Making 7% of its Passenger Four-Wheeler loan portfolio as electric by FY 2027 9.01%2 7.2%2 Reaching 30% female representation in its workforce by FY 2027 30.1% Planting 8 million saplings by FY 20303 across India towards contributing to creating a carbon sink ~4.16 million saplings planted Scaling down exposure to carbon-intensive sectors, including Coal and Thermal Power Exposure well within FY 2026 targeted cap Cumulative Exposure EV % as share of 2W & 4W loan portfolio (Y) Overall diversity Saplings planted Progress on Glide Path 1. Bank had achieved its earlier target of incremental financing of Rs 30,000 Crores by March 2026 and updated the target till 2030 2. Bank had achieved its earlier 2-W and 4-W EV Lending portfolio target of 6% and 4% respectively by December 2025 3. Target of planting 2 million trees has been upgraded in March 2025 to planting 8 million trees by 2030 Initial commitments were achieved before the timeline
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Quarterly Results Q2FY27 50 Improving customer experience through digital enablement and deeper relationships Digital Enablers NPS Adi | Gen AI chatbot Real-time CXM tool NPS momentum reflects improved quality and consistency of customer interactions at scale. NPS (Net Promoter Score) movement since inception in Q1’FY23 Retail Bank Baseline¹: 100 Q2FY27 (Sep’26): 159 +59 100 100 100 155 152 158 Retail Liabilities Retail Assets Credit Cards Baseline (Q1 FY23) Q2FY27 Sparsh: Building a Customer-Led Growth Engine A bank-wide operating discipline, measured by NPS, powered by AI, delivered at every touchpoint. • 14.87 lakh queries processed YTD • ~27+ Lakh AI-Powered Customer Conversations • Supporting consistent customer responses through instant access to product and process information. • 74.20 lakh interactions YTD • Usage increasing 40% in Q2FY27 • Supporting more informed customer conversations through a unified view of customer journeys. Sparsh Week 2026 | Act with Speed 7–11 September 2026 From customer conversations to customer-led action Sparsh Week combined scaled customer engagement with faster journeys, needs-led propositions, employee learning and stronger lead conversion. 6.2 lakh+ customer connects 1 lakh+ employees participated +125% Participation growth in IGNITE, the Bank's employee idea-generation programme 2,701 ideas submitted Faster financing 30-minute Auto and Two-Wheeler loan disbursals Simpler NRI investment access Axis Direct NRI Digital Account Opening Enhanced NRI Debit Card benefits Greater everyday banking convenience Pet insurance Creates opportunities to better understand customer needs, offer relevant solutions and deepen relationships. Senior Citizens Savings Scheme Dedicated proposition for savings needs AI-powered Current Account acquisition Simpler onboarding for businesses open 2026 campaign ad film Showcasing how the app makes everyday banking simpler and more convenient for customers. Employee learning and idea generation Outside-in speakers, AI masterclasses, the AI hackathon, immersive innovation experiences through Prism, Axis Bank's Design Lab and AXIOM awareness supported learning. PR amplification: 374 media coverages across 22 markets. A focused cohort strategy to deepen trust-based relationships with Senior Citizens and NRIs. Senior Citizens 52,000+ customers engaged | 6-hour service promise Open Days, Sparsh Week and community outreach drove senior- citizen engagement and acquisition, backed by a 6-hour service promise. NRIs 85+ community partnerships | 24×7 helpline across 18 countries NRI franchise strengthened through culturally led engagement, design-led digital enhancements and a 24×7 helpline in 18 countries. A series of firsts launches easing customer journeys 93% Senior Leadership participation across Sparsh Week customer and employee engagements most loved brand | Deepening customer relationships| H1 FY27 Sparsh Week 2026 | Act with Speed A generative AI conversational chatbot to instantly assist front-line staff with query resolution A single chronological view of customer footprint, across various channels to improve first -contact resolution
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Quarterly Results Q2FY27 51 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Quarterly Results Q2FY27 52 4,768 6,409 8,202 10,650 12,517 15,866 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Combined networth7 of operating subs 2,216 2,622 2,923 3,812 3,812 5,336 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Total investments7 made 1,195 1,304 1,591 1,768 2,051 936 1,210 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Combined PAT6 of operating subs 22% CAGR4 31% CAGR4 All figures in ` Crores Continue to create significant value in our key group entities AAA rated NBFC with diversified product offerings 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 Sep 30, 2026 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 Ba nk) 4 CAGR for Mar-22 to Sep’26 period, PAT CAGR on annualized basis 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 financi al statements of the Group 17% CAGR4 29% YOY Payment gateway & payment aggregation services. Business correspondent and technology service 75% 100% 95% 100% 100% 100% 100% 67% 19.99% Asset Management Trustee Retail BrokerageConsumer focused NBFC Investment Banking & Inst Equities InsuranceTReDS platformFintech platform One Axis Group (Co-promoter), Accounting Associate 47% JV Schroders Plc 3 1 2 X% Stake held by Axis Group
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Quarterly Results Q2FY27 53 52% 19% 8% 21% Retail MSME RE Funding Corporate Lending 16,624 24,480 34,413 40,142 48,175 44,232 54,594 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Sep'26 548 663 916 1211 1436 692 897 364 475 610 676 806 385 546 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Pre-provision profit PAT Axis Finance : Consistent Growth in Book and Profitability All figures in ₹ Crores Assets under Management Movement Healthy growth in Assets Under Management Metric H1FY26 H1FY27 No. of Locations / Employees 1,051 | 2,099 1,203 | 2,573 GNPA | NNPA (%) 1.00% | 0.42% 0.97% | 0.35% CRAR | Tier 1 (%) 19.82% | 13.99% 22.15% | 17.09% RoA | RoE (%)2 1.87% | 13.87% 2.16% | 13.33% Key Highlights Robust operating and asset quality metrics 27% CAGR1 22% CAGR1 30% YOY 42% YOY Q1FY27 ₹ 51,592 52% 19% 7% 22% RAM4:71% RAM4:71% Book Highlights AUM CAGR1 YOY Retail 30% 23% 45% 24% 85% of the book is secured Q2FY27 ₹ 54,594 3 1 CAGR Calculated from period of FY22 – 26, 2 Includes equity infusion impact, Q2 Annualized; 3 MSME includes RBG, BBG and SME segment as per AFL Annual Report 4 RAM: Retail and MSME 3
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Quarterly Results Q2FY27 54 357 415 414 501 596 271 370 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 55% 14% 6% 8% 17% Top 5 Next 10 Next 20 Next 75 Others 259,818 241,415 274,265 321,506 359,601 351,238 382,966 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Overall QAAUM 143,546 137,074 164,981 180,048 188,771 196,728 201,245 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Equity QAAUM All figures in ₹ Crores 1 CAGR for period Mar-22 to Sep-26 2 CAGR (FY22 to FY26) 3 Adjusted for impact of transfer of PMS business from Axis Securities to Axis AMC 2% YOY Trend in PAT 36% YOY14% CAGR2 8% CAGR1 9% CAGR1 9% YOY Major Highlights • 4.4% AAUM market share as of Sep’26 • H1FY27 revenue stood at `871 crores up by 22% • 54% of overall AUM consists of Equity & Hybrid funds • Among the highest rated customer app on AppStore & PlayStore in AMCs • ~14 mn client folios as at of Sep’26 AUM by Geography (Cities) 21% 14% 52% 5% 8% Liquid/Money Market Income/Debt Equity Hybrid Passives & Others AAUM Asset by Class Axis AMC : PAT up 36% YOY 3
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Quarterly Results Q2FY27 55 521 441 532 705 766 299 404 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Axis Capital : PAT up 61% YOY, Amongst the leader in the Full-Service Investment Banking 200 142 150 161 259 93 149 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Revenue from Operations Profit After Tax All figures in ₹ Crores 61% YOY 10% CAGR1 1 CAGR (FY22 to FY26) • Announced Investment Banking transactions across Capital Markets, Private Placement & Advisory in Q2FY27 including 20 ECM & 5 Non-ECM transactions • Marquee Transactions include – Altius Telecom Infrastructure Trust (Block), National Stock Exchange (IPO), KRT ReIT (OFS), SBI Funds Management (IPO), Manipal Health Enterprises Ltd. (IPO), Shiprocket Ltd. (IPO), Milky Mist Diary Food Ltd.(IPO), Tenneco Clean Air Ltd. (Block), Aether Energy Ltd. (QIP) • Active Mandate Pipeline – Axis Capital is well-positioned with a pipeline of 60+ marquee mandates across ECM, M&A, PE/Pre IPO, and InvITs/REITs Investment Banking Highlights Institutional Equities Highlights • 314 stocks under coverage (6 new initiations in Q2FY27) • 66% of India's market cap under coverage 35% YOY 7% CAGR1
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Quarterly Results Q2FY27 56 4.17 4.86 5.55 6.36 7.09 6.78 7.32 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Sep'26 662 724 1,143 1,656 1,513 729 842 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 • 46% of the volumes in Q2FY27 was from Mobile trading • 61% of clients traded through Axis Direct Mobile App in Q2FY27 Axis Securities : 8% YOY growth in customer base 232 203 301 419 366 175 191 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Revenue 8% YOYTotal customer base (in mn) Major Highlights All figures in ₹ Crores Profit After Tax 1 CAGR for period Mar-22 to Sep-26 2 CAGR for period FY22 to FY26 3 Adjusted for impact of transfer of PMS business from Axis Securities to Axis AMC 9% YOY23% CAGR2 12% CAGR215% YOY 13% CAGR1 3 3
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Quarterly Results Q2FY27 57 48 54 58 61 77 36 43 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Axis Trustee: Revenue up 20% YOY and PAT up 20% YOY 23 25 25 22 41 18 22 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Revenue Major Highlights All figures in ₹ Crores Profit After Tax 1 Operating revenue excludes other income 2 CAGR for period FY22 to FY26 3 Market share based on Prime Database 4 Market share based on SEBI data 20% YOY • Operating1 revenue up 29% YOY, Operating margin expanded from 53% in H1FY26 to 55% in H1FY27 • Cost-to-income ratio improved from 42% in H1FY26 to 38% in H1FY27 • New Business contributed 50% of Total Operating Income, supported by 35% YOY Revenue Growth, driven by strong performance across Debenture Trustee, Security Trustee and Escrow Agent businesses • Debenture Trustee – No. 2 by AUM and 21% Market Share, delivering 47% YOY growth • Facility Agency - 35% YOY revenue growth, driven by 110% YOY growth in new mandates which led to GIFT City business share increase to 30% with 46% YOY growth 13% CAGR2 15% CAGR2 20% YOY 14% 67% 100% 21% 70% 100% Debenture Trustee NCDs (AUM) InvIT (Nos.) REIT (Nos.) H1 FY26 H1 FY27 Key Product Market Share 3 4 4
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Quarterly Results Q2FY27 58 16 32 56 92 124 59 71 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Invoicemart: Driving Scale, Innovation and Impact in TReDS -5 7 18 38 44 21 25 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Revenue All figures in ₹ Crores Profit After Tax 1 CAGR for period FY22 to FY26 2 CAGR for period FY23 to FY26 67% CAGR1 19% YOY 15% YOY Throughput ~ ₹2,50,000 Cr Invoices Discounted (in No’s) ~ 52 Lakh Participants on-board ~ 78,800 Progress so far (Jul’17 to Sep’26) • A.TREDS Ltd digital invoice discounting platform ‘Invoicemart’ has set a new benchmark by facilitating financing of MSME invoices of more than ₹3,36,000 crs+ • Invoicemart has helped in price discovery for MSMEs across 1,400+ locations in India who are now able to get their bills discounted from 76 financiers (banks, NBFC factors and NBFCs) • Invoicemart surpasses 55% women diversity, marking a significant step towards fostering and inclusive work environment • Recognised as the “Best Fintech Company of the Year " at the 3rd edition of India fintech Summit & Awards 2026 Throughput ~ ₹3,36,000 Cr Invoices Discounted (in No’s) ~ 65 Lakh 85% CAGR2
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Quarterly Results Q2FY27 59 Freecharge entities continue to scale at a healthy pace • Continue to scale unsecured business loans, business grew by 72% QOQ in Q2FY27 • Maintaining over 99.5% collection efficiency in unsecured loan • Controlled expansion of the secured lending business (Micro LAP), with an emphasis on process stabilization and operational efficiency • Microfinance (MFI) business continues to scale, growing by 18% QOQ in Q2 FY27, present in 220 locations across India • Continued focus on strengthening UPI business performance and driving transaction growth 1 PAPG: Payment aggregator and payment gateway; PA-O: Payment Aggregator – Online; PA-P: Payment Aggregator – Physical; FCPG: Freecharge Payment Gateway Payment gateway and payment aggregation services provider with a secure, scalable digital payments platform • A trusted digital partner, for delivering secure, scalable, and future- ready Payment infrastructure across UPI, cards, net banking, and BBPS • Serving banks, NBFCs, enterprises, government entities, and digital businesses, the platform emphasizes high standards of security, compliance (including PCI-DSS and ISO), and reliability • Received in-principal approval from RBI to operate as PAPG1 for both PA-O1 and PA-P1 in Q2FY27 • Processed GMV of ₹21,000+ crore in H1FY27 • Merchant onboarding and servicing capabilities strengthened using inhouse developed AI capabilities Integrated Business Correspondent-led merchant financial services network, with a technology centre supporting scalable digital processes for the Bank Freecharge Payment Technologies Private Limited Freecharge Business and Technology Services Limited
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Quarterly Results Q2FY27 60 Financial Highlights Financial Highlights Business Segment Performance Asset Quality Capital and Liquidity Position Sustainability Subsidiaries’ Performance Other Important Information Executive Summary Executive Summary
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Quarterly Results Q2FY27 61 ‘Best Sustainability-linked Bond – Financial Institution’ for its US$600m Sustainable AT1 Bond and ‘Renewable Energy Deal of the Year (Wind)’ Won ‘BFSI Tech Summit Award for Operational Excellence Initiative of the Year’ Won ‘Outstanding Innovation in Financial Technology and Leadership in Sustainable Finance for Rooftop Solar Loans’ Award ’ Won ‘ICAI’s Gold Shield’ for Excellence in Financial Reporting in the Private Sector Banks category’ Won ‘Best GenAI use case in Retail Banking’ 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 Private Bank for Digitally Empowering Relationship Managers and Best Private Bank for Client Acquisition in India’ Award at the Private Banker Wealth Tech Awards 2026 Won “India’s Top CX Star and Best in-class Banking & Financial Services Award” Won “Digital Innovation in Banking (MSME) for Merchant Cash Advance Loans and Financial Inclusion Organization of the Year for MSME ” 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 5th CISO Summit 2026 Award”, under the large bank category (Public & Private sector) for Identity and Access Management of the Year Won “Infosys Finacle Innovation Award 2026”, for Business Model Innovation – Multibank Sweep Implementation, Corporate Banking Innovation - Neo for Corporates, Modern technologies led Innovation – Adi (Sparsh) Won “Best Mobile Banking Application and Best Digital Customer Onboarding Experience” Award at the Asset Triple A Digital Finance Awards 2026 Annual BFSI Service Quality Excellence Award 2026 for “Best Omni-Channel Experience Strategy” Award Won Coalition Greenwich Voice of client -2026 for Corporate Trade Finance Market Penetration in Asia (India) Won ‘Best Talent Development at Workplace’ award at ATD International Conference 2025 Recognised in the highest Leadership category under Indian corporate Governance Scorecard Framework of the Institutional Advisory Services 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 ”
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Quarterly Results Q2FY27 62 Shareholding Pattern (as on Sept 30, 2026) ▪ Share Capital `623 crores ▪ Shareholders’ Funds `2,18,749 crores ▪ Book Value Per Share `703 ▪ Diluted EPS (Q2FY27) (Annualised) `88.80 ▪ Market Capitalization `4,01,043 crores (as on October 15, 2026) Foreign Institutional Investors 38.05% Indian Institutions 44.54% GDR's 3.11% Life Insurance Corporation 7.86% Others 6.44%
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Quarterly Results Q2FY27 63 Financial Performance Certain amounts in the tables above may not add-up due to rounding off * excluding trading profit Financial Performance (₹ crores) Q2FY27 Q1FY27 Q2FY26 % Growth QOQ % Growth YOY H1FY27 H1FY26 % Growth Interest Income A 36,419 33,986 30,970 7% 18% 70,404 62,034 13% Other Income B = C+D+E 6,531 6,735 6,625 -3% -1% 13,266 13,883 -4% - Fee Income C 6,381 6,156 6,037 4% 6% 12,536 11,783 6% - Trading Income D 85 537 498 -84% -83% 623 1,918 -68% - Miscellaneous Income E 65 43 90 52% -28% 107 182 -41% Total Income F = A+B 42,949 40,721 37,595 5% 14% 83,670 75,916 10% Interest Expended G 21,047 19,340 17,226 9% 22% 40,387 34,729 16% Net Interest Income H = A-G 15,371 14,646 13,745 5% 12% 30,018 27,304 10% Operating Revenue I = B+H 21,902 21,382 20,369 2% 8% 43,283 41,187 5% Core Operating Revenue* J 21,817 20,844 19,871 5% 10% 42,661 39,269 9% Operating Expenses K 10,819 9,722 9,957 11% 9% 20,541 19,259 7% -Staff Expense L 3,314 3,058 3,118 8% 6% 6,372 6,379 - -Non Staff Expense M 7,504 6,664 6,839 13% 10% 14,169 12,880 10% Operating Profit N = I-K 11,083 11,659 10,413 -5% 6% 22,742 21,928 4% Core Operating Profit* O 10,998 11,122 9,915 -1% 11% 22,120 20,010 11% Provisions other than taxes P 1,694 2,223 3,547 -24% -52% 3,916 7,495 -48% Profit Before Tax Q = N-P 9,389 9,437 6,865 -1% 37% 18,826 14,433 30% Tax Expenses R 2,386 2,323 1,776 3% 34% 4,709 3,537 33% Net Profit S = Q-R 7,003 7,114 5,090 -2% 38% 14,117 10,896 30% EPS Diluted (in `) (annualized) 88.80 91.24 64.75 90.01 69.70 Return on Average Assets (annualized) 1.38% 1.51% 1.23% 1.44% 1.35% Return on Equity (annualized) 13.30% 14.16% 11.06% 13.73% 12.09% Capital Adequacy Ratio (Basel III) (incl. profit) 16.27% 16.67% 16.55% 16.27% 16.55%
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Quarterly Results Q2FY27 64 Financial Performance $ figures converted using exchange rate of 1$ = `95.8254 Certain amounts in the tables above may not add-up due to rounding off Financial Performance ($ mn) Q2FY27 Q1FY27 Q2FY26 % Growth QOQ % Growth YOY H1FY27 H1FY26 % Growth Interest Income A 3,801 3,547 3,232 7% 18% 7,347 6,474 13% Other Income B = C+D+E 682 703 691 -3% -1% 1,384 1,449 -4% - Fee Income C 666 642 630 4% 6% 1,308 1,230 6% - Trading Income D 9 56 52 -84% -83% 65 200 -68% - Miscellaneous Income E 7 4 9 52% -28% 11 19 -41% Total Income F = A+B 4,482 4,250 3,923 5% 14% 8,732 7,922 10% Interest Expended G 2,196 2,018 1,798 9% 22% 4,215 3,624 16% Net Interest Income H = A-G 1,604 1,528 1,434 5% 12% 3,133 2,849 10% Operating Revenue I = B+H 2,286 2,231 2,126 2% 8% 4,517 4,298 5% Core Operating Revenue* J 2,277 2,175 2,074 5% 10% 4,452 4,098 9% Operating Expenses K 1,129 1,015 1,039 11% 9% 2,144 2,010 7% -Staff Expense L 346 319 325 8% 6% 665 666 - -Non Staff Expense M 783 695 714 13% 10% 1,479 1,344 10% Operating Profit N = I-K 1,157 1,217 1,087 -5% 6% 2,373 2,288 4% Core Operating Profit* O 1,148 1,161 1,035 -1% 11% 2,308 2,088 11% Provisions other than taxes P 177 232 370 -24% -52% 409 782 -48% Profit Before Tax Q = N-P 980 985 716 -1% 37% 1,965 1,506 30% Tax Expenses R 249 242 185 3% 34% 491 369 33% Net Profit S = Q-R 731 742 531 -2% 38% 1,473 1,137 30% EPS Diluted (in `) (annualized) 88.80 91.24 64.75 90.01 69.70 Return on Average Assets (annualized) 1.38% 1.51% 1.23% 1.44% 1.35% Return on Equity (annualized) 13.30% 14.16% 11.06% 13.73% 12.09% Capital Adequacy Ratio (Basel III) (incl. profit) 16.27% 16.67% 16.55% 16.27% 16.55% * excluding trading profit
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Quarterly Results Q2FY27 65 Balance Sheet Balance Sheet As on 30th Sep'26 As on 30th Jun'26 As on 30th Sep’25 As on 30th Sep'26 As on 30th Jun'26 As on 30th Sep’25 % Growth QOQ % Growth YOY CAPITAL AND LIABILITIES In ₹ Crores In ₹ Crores In ₹ Crores in $ mn in $ mn in $ mn Capital 623 622 621 65 65 65 0.1% 0.3% Reserves & Surplus 2,18,127 2,11,071 1,89,327 22,763 22,027 19,757 3% 15% ESOP Outstanding 1,369 1,346 1,194 143 141 125 2% 15% Deposits 14,52,066 13,72,936 12,03,487 1,51,532 1,43,275 1,25,592 6% 21% (i) CASA Deposits 5,29,539 5,21,698 4,79,007 55,261 54,443 49,987 2% 11% - Savings Bank Deposits 3,56,468 3,48,312 3,17,724 37,200 36,349 33,157 2% 12% - Current Account Deposits 1,73,071 1,73,386 1,61,283 18,061 18,094 16,831 -0.2% 7% (ii) Term Deposits 9,22,527 8,51,238 7,24,480 96,272 88,832 75,604 8% 27% Borrowings 2,73,086 2,37,317 1,99,506 28,498 24,766 20,820 15% 37% Other Liabilities and Provisions 1,00,970 98,674 82,480 10,537 10,297 8,607 2% 22% Total 20,46,240 19,21,966 16,76,614 2,13,538 2,00,570 1,74,966 6% 22% ASSETS Cash and Balances with RBI / Banks and Call money 1,26,553 1,30,816 83,236 13,207 13,652 8,686 -3% 52% Investments 4,53,464 4,38,955 3,91,851 47,322 45,808 40,892 3% 16% Advances 13,73,727 12,61,557 11,16,703 1,43,357 1,31,652 1,16,535 9% 23% (i) Corporate 4,69,230 4,34,392 3,49,737 48,967 45,332 36,497 8% 34% (ii) SME 1,64,592 1,51,619 1,31,506 17,176 15,822 13,723 9% 25% (iii) Retail 7,39,905 6,75,546 6,35,460 77,214 70,498 66,314 10% 16% Fixed Assets 6,640 6,603 6,413 693 689 669 1% 4% Other Assets 85,856 84,035 78,412 8,960 8,770 8,183 2% 9% Total 20,46,240 19,21,966 16,76,614 2,13,538 2,00,570 1,74,966 6% 22% $ figures converted using exchange rate of 1$ = ` 95.8254 Certain amounts in the tables above may not add-up due to rounding off
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Quarterly Results Q2FY27 66 • 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 1.67 5.26 1.16 0.70 2.06 0.35 Mar'16 Mar'19 Sep'26 Asset quality metrics GNPA NNPA PCR 1.16% 56% 62% 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% 1.07% 0.92% 0.72% 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% 0.78% 0.63% 0.45% FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Q2FY27 Credit Cost Net Credit Cost Overall Credit Costs: FY12 to Q2FY27 15 year rolling average (FY12-26) 1.36% 7.29% 1.32% 0.15% Jun'16 Mar'19 Sep'26 Trend in BB corporate book (Fund based as % of GCA)
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Quarterly Results Q2FY27 67 70% 70% 70% 70% 70% PCR without technical write-offs Outstanding Covid (1+2) restructuring as on 30.09.2026 Implemented Bank 897 Retail 736 Wholesale 161 CBG - Bank as a % of GCA 0.06% Retail as a % of segment GCA 0.10% Wholesale as a % of segment GCA 0.03% 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 0.35% BB & Below Outstanding Q1 FY27 Q2 FY27 Fund based (FB) 1,794 2,155 Non fund based 651 629 Investments 844 837 Key comments on BB and Below book ▪ ₹261 crs downgraded to BB & below during the quarter ▪ ₹39 crs slippages to NPA ▪ ₹110 crs net increase in form of balances movement/exits/upgrades in the BB & Below book during the quarter ▪ Average ticket size ~ ₹40 crs ▪ Top 5 sectors comprising Chemical & Chemical Products, Real Estate, Infra Construction, Food Processing and Power Generation & Distribution account for 68% 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 ₹156 crs, coverage ~ 16% ▪ ~99% of Retail Covid (1+2) is secured, unsecured 100% provided ▪ MSME (1+2) restructured book ₹66 crs, 0.01% of GCA, provision held ₹19 crs ▪ Linked non-restructured book ₹45 crores, provision held ₹17 crs 0.44% 0.42% 0.37% 0.39% 0.35% 0.18% 0.16% 0.14% 0.13% 0.15% 0.62% 0.58% 0.51% 0.52% 0.50% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Net NPA BB & Below (Fund based)
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Quarterly Results Q2FY27 68 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
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Quarterly Results Q2FY27 69 Thank You