Investor Presentation

February 2016
 Safe Harbor
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.

1
 Contents

• Inflation and Rate environment

Key Macro Trends
• Sectoral Credit and Deposit metrics

Business Model & Strategy

Financial Snapshot

2
 Benign inflation trends have created room for monetary easing
Inflation of 4.9% in CY15 significantly lower than 9.6%. in CY12 125 bps cumulative rate cut by RBI in 2015 responded with significant
transmission of 65 bps by Axis Bank
Repo Rate Axis Bank Base Rate
10% Food+ (45.9%) Fuel+ (6.8%) 10.5%
10.15%
10.0%
Core (47.3%) CPI Combined
9.5%
8% 9.50%
9.0%

8.5%
6.31% 8.00%
6% 8.0% 8.00%
5.61%
5.45%
7.5%
4.73%
7.0%
4%
6.5% 6.75%
6.25%
6.0%

2% 5.5%
Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15
Source: RBI, MOSPI, Axis Bank Research

3
 Sector Credit and Deposit performance has improved recently

20% Non-food credit growth (%, YoY)

• Non-food credit growth has revived to ~12%
Deposit growth (%, YoY)

17% • Deposits growth has marginally have recovered to ~11%

• Sectorally, the credit story is all in Retail as FYTD16 credit driven by Agri
14%
and Retail

11% • Industry witnessing steady off-take in H2FY16

• Retail growth strong, at ~19% YOY, led by unsecured lending and housing
8%
Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16

3.5 Industry Credit Growth (FYTD, Rs Tn) 2.2 Services Credit Growth (FYTD Rs Tn ) 1.8 Retail Credit Growth (FYTD, Rs Tn)
3.0 FY11 FY12 1.5 FY11 FY12
FY11 FY12 FY13 1.7
2.5 FY13 FY14
FY14 FY15 FY15 1.2 FY13 FY14
2.0 FY15 FY16
1.2 0.9 FY15 FY16
1.5
0.7 0.6
1.0
0.5 0.3
0.2
0.0 0.0
-0.5 -0.3 -0.3
Apr May Jun Jul AugSep Oct NovDec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

4
 Contents

Key Macro Trends

Business Model & Strategy

Financial Snapshot

5
 Leading Universal Banking Franchise
Snapshot (As on December 31, 2015)
Key financials ` bn US$ bn
Total Assets 4,964 75
Net Advances 3,154 48
Corporate banking Retail banking Subsidiaries
Total Deposits 3,383 51
Corporate Credit Retail Liabilities 100% Axis Capital (1) Net Profit (9MFY16) 61 0.9

SME Retail Lending 100% Axis Trustee Services Shareholders’ Funds 510 7.7
Market Capitalisation (3) 972 14.7
Transaction Banking Investment Products 75% Axis AMC (2)
ROA (9MFY16) 1.74%
Treasury 75% Axis MF Trustee (2)
ROE (9MFY16) 17.60%
100% Axis Bank UK
International Net NPA Ratio 0.75%
100% Axis Private Equity Basel III Total CAR(5) 15.47%
100% Axis Finance Basel III Tier 1 CAR(5) 12.35%

100% Axis Securities Segmental Advance Mix Liability Mix

100% Axis Securities Europe Corporate SB Dep.
Retail Credit Borrowings 22%
40% 47% 21%
 Diversified business mix with universal banking operations
Wholesale CA Dep.
 Growing customer franchise with nearly 17 million Savings Bank accounts (4) TD
17%
12%

 Pan-India distribution network of 2,805 branches and 12,631 ATMs (4) SME Retail
13% TD
 Stable asset quality underpinned by strong risk management framework 28%
Total: `3,154 bn Total: `4,303 bn
 Thrust on efficient capital management
(1) InvestmentBanking activities related to equity capital market business, mergers and acquisitions and private equity advisory conducted under Axis Capital; (2) Partnership with
Schroders plc; (3) As on 29th January 2016 based on NSE closing price; (4) As on December 31, 2015 and number of branches include extension counters; (5) Includes unaudited profits
for the nine months. Note: Exchange rate of 1 USD = `66.155 based on the FEDAI exchange rate as on December 31, 2015. 6
 9MFY16 Key Highlights

 Retail franchise continues to show healthy traction

̶ Daily Average CASA was 40% of Total Deposits, CASA and Retail Term Deposits constituted 79% of
Strong Retail
Franchise Total Deposits
̶ Savings Deposits in Q3 grew 16% YOY, while Retail Term Deposits grew 18% YOY
̶ Retail Loans grew 27% YOY and accounted for 40% of Net Advances

Robust  Domestic branch count at 2,805 including extension counters

Distribution  Currently present in 1,796 centres across the country
Network
 One of the largest ATM networks in the country with 12,631 ATMs

 Core Operating Revenue grew 17% YOY, stood at `177 bn

Stable Earnings
 Core Operating Profit grew 24% YOY, stood at `105 bn
Profile
 Return on Assets was 1.74% and Return on Equity stood at 17.60% for 9MFY16

 Well capitalised & continue pursuit of optimal capital allocation

Efficient Capital
̶
& &
Basel III Tier I CAR of 12.35% and Basel III Total CAR of 15.47%
Management

& Includes profits for the nine months 7

 Consistent Growth across Business Metrics...
Assets Advances

4,964 3,154
4,619 2,811
3,832 2,301
3,406 1,970
2,856 1,698

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 Mar-12 Mar-13 Mar-14 Mar-15 Dec-15

Deposits Net Profit

74
3,383
3,224 62 61
2,809
2,526 52
2,201 42

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 FY12 FY13 FY14 FY15 9MFY16

CAGR
Note: All figures in ` bn (FY’12-FY’15) 8
...Supported by Motivated Employees and Experienced Senior Management

Number of Employees

 Strong brand attracting good quality talent pool

 High employee satisfaction resulting in relatively
low attrition
47,876 ̶ Attrition level particularly low in senior and
42,420 42,230 middle management cadre
37,901
 Experienced and stable senior management
31,738

 Eminent Board of Directors with majority of

independent members
 Innovative employee engagement initiatives
̶ Ideal platform for employees
̶ Mentorship programme
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
̶ Platform for senior managers to share
strategic direction

9
 Healthy Capital Profile & Stable Shareholder Returns
Capital Adequacy Shareholding Structure(1)
Tier 1 Capital Ratio Tier 2 Capital Ratio
17.00%
16.07% 15.47% Global Depository
15.09% SUUTI
13.66% Receipts
4.77% Others 11.55%
3.45% 3.02% 3.12% 3.60%
Life Insurance
15.36%
4.21% Corporation
Domestic 14.45%
Institutional
Investors General Insurance Corp
12.23% 12.62% 12.07% 12.35% 10.50% & Others (3)
9.45% 3.90%

Foreign
Institutional
Mar-12 Mar-13 Mar-14* Mar-15* Dec-15* ^ Investors
Note: * Capital Adequacy ratios as on Mar-14, Mar-15 & Dec-15 are computed based on Basel III norms & not 40.64%
comparable with previous year ratios. ^ Ratios computed for Dec-15 include unaudited profits for the nine-months

EPS Growth BVPS Growth ROE and ROA

(2) (2)
Basic EPS (`) (2) BVPS (`) (2) ROE ROA

31.2 22% 21.2%

215 20.5% 2.0%
26.5 25.5 188 20% 18.6% 1.9%
23.9 17.6%
163 18.2%
20.6 18% 1.8% 1.8%
142 1.8%
1.7% 1.7%
110 16% 1.7% 1.7%
1.6%
14%
1.5%
12% 1.4%
10% 1.3%
FY12 FY13 FY14 FY15 9MFY16 FY12 FY13 FY14 FY15 9MFY16 FY12 FY13 FY14 FY15 9MFY16
Note: (1) As on December 31, 2015; (2) Based on non-consolidated financials; (3) Others include The New India Assurance Company Ltd, National Insurance Company Ltd, The Oriental
Insurance Company Ltd and United India Insurance Company Ltd.
CAGR
(FY’12-FY’15) 10
 Business Strategy along Four Key Themes
Leveraging domestic growth opportunities

Continue to build and

Build a full-service offering to
strengthen Retail Banking
SME customers
franchise

Capture end-to-end
Leverage strengths in
opportunities in Payments
Corporate Banking
across customer segments

11
 Pan-India Distribution Network Complemented by Retail
Banking

Technology Driven Alternate Channels

Alternate Channels

Increasing presence in rural & semi-urban areas

Branches
1,622 1,947 2,402 2,589 2,805
10% 14%
24% 22% 21%

32%
31%
28% 29% 30%

30% 28%
24% 24% 23% Phone Banking Customer ATMs
24 hour phone Touch Points
banking service
28% 27% 24% 25% 26%

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15

Metro Urban Semi-urban Rural

ATMs 9,924 11,245 12,922 12,355 12,631 Mobile Banking

Point of Sale
Centres 1,050 1,263 1,636 1,714 1,796
Employees 31,738 37,901 42,420 42,230 47,876

Internet Banking

Traditional Channels Electronic Channels

12
 Retail
Banking

Leveraging Strong Brand Recall across Products

Badhti Ka Naam Zindagi... or Progress On... Capturing End-to-End Customer Requirements

Savings Accounts

Save with
security
Fixed Deposits, Gold, Debit, Credit &
 Ranked amongst the Top 75 safest banks in the world Retail Broking Prepaid Cards
in September 2015 by The Banker
 Awarded title of Superbrand India for 2014-15 in April Convenient
Invest for & Fast
returns payment
 Ranked fourth in Nielsen’s Corporate Image Monitor solutions
2014-15 survey Customer
ATMs,
 No. 1 Promising Banking Brand of 2015, ET Best Mutual Mobile &
Funds & Net Banking
Brands 2015 Structured
Remittances
 Ranked as the 'Most Trusted Private Sector Bank' Investments

second year in a row - 'Most Trusted Brand Survey

Insurance to Support to
2014', by The Economic Times ensure create assets
sustenance as per
 Enhancing customer experience for dear ones aspirations
̶ Award winning mobile enabled Website
̶ Customer centric design of branches Life & General Home, Vehicle &
Insurance Personal Loans

13
 Retail
Banking

…Resulting in a Robust Liabilities Franchise

Savings Deposits Current Account Deposits
927 (` bn) 561
(` bn) 883 536
483 487
778

638 397

517

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
Daily Average CAGR (FY12-15): 19% Daily Average CAGR (FY12-15): 8%

Retail Term Deposits Deposits Mix

(` bn)
1,204
25% 22% 21%
1,066 37% 31%

842
614
479 79%
75% 78%
63% 69%

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
Retail Term Deposits as % of Total Term Deposits
CASA + Retail term deposits Other Deposits
37% 44% 55% 60% 63%

CAGR
(FY’12-FY’15) 14
 Retail
Banking

Growing Retail Advances

Retail Advances Portfolio Composition of Retail Advances
Non-schematic
(` bn) 1,258 Loan against loans & others
1,119 Property 11%
880 8%

655 Personal Loans

& Credit Cards Housing Loans
487
11% 47%

Auto Loans
8%
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
Retail agricultural loans
Retail advances as % of net advances 15%
29% 33% 38% 40% 40% Portfolio Size (Dec-2015): `1,258 bn

Secured Retail Advances as % of Total Retail Advances Key Highlights

 Focus on cross sell – Nearly 60% of new originations in retail

88% 87% 87% 87% 86% lending to existing customers

 Branch focused distribution strategy – All branches source at least

one retail lending product

 Branches account for a third of new originations

 Focused on risk management

̶ High proportion of secured retail assets
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 ̶ Product mix oriented to manage risk
̶ Experienced collections team
CAGR
(FY’12-FY’15) 15
 SME

Full-service Offering to SME Customers

Lending Other offerings

 Diversified portfolio across 3 segments: Medium Enterprises  Commercial banking products
Group, Small Enterprises Group and Supply Chain Finance ̶ Current accounts, forex, trade services and CMS
 Driven through 61 SME centres and cells, with dedicated teams  Retail banking solutions
for sales and credit
SME Franchise ̶ Salary account products, Wealth & Priority Banking
 Risk management services, Insurance
̶ Qualitative Credit Assessment in addition to rating  Advisory services
̶ Exit/Watch list category ̶ Financial advisory, private equity, M&A and capital
̶ Collection managers market solutions

SME Loan Portfolio Risk Management of SME Portfolio

(` bn) Rating Distribution of SME Advances1 (%)
398 415 412
5 6 7 8 6  84% of SME advances have
332 18 16 15 15 14
rating of at least ‘SME3’ in
300
December 2015
57 58 58 61 64  Controlled sourcing of
customers
12 12 13 9 8
8 8 7 7 8  Early Warning System tool
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 in place to predict default
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 behaviour
SME 5-7 SME 4 SME 3 SME 2 SME 1
1 As per internal ratings

CAGR
(FY’12-FY’15) 16
 Comprehensive Corporate Banking Solutions…
Corporate
Banking

Corporate Banking Advances Growth

Presence across the value chain Corporate Credit SME 1,896
1,677
(` bn) 412
1,420
1,315 415
1,211
332 398
300
Transaction Investment Trustee
Credit Syndication Treasury 1,484
Banking Banking Services
1,262
911 983 1,022

 Won Best Corporate Payment Project Award in April 2015 under the Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
Asian Banker Technology Implementation Awards Programme

 Strong franchise spread across liability and asset businesses

Corporate Banking Fee Income Mix
 Focus on building out a high quality portfolio of credit assets
Transaction
 Adopted value generating Originate and Distribute Model Banking, 32%
Corporate
Credit, 41%
 Dominant player in placement and syndication of debt / loans

 Leading debt capital market franchise – Ranked #1 in Debt Private

Placement in India (1) SME, 8%

 International banking presence to cover offshore fund requirements Treasury &

DCM, 19%
of Indian corporates
- Total overseas assets size of US$ 8.06 bn as on December 31, 2015 9MFY16
(1) Source: Bloomberg

CAGR
(FY’12-FY’15) 17
 …with an Emphasis on Risk Management
Corporate
Banking
Rating Distribution - Corporate Credit 1 (%) Secured Loans as a % of Total Aggregate Advances
<BBB or unrated BBB A AA AAA

8 9 11 10 11 86% 83% 83%

79%
19 16 15 20 20

40 37 35 32 31

32 30 29 27
30
6 9 9 11
3

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 Mar-12 Mar-13 Mar-14 Mar-15

Industry-wise Advances Distribution (Top 10) (%) Key Highlights

Rank Sectors Fund-based Non-fund based Total  62% of corporate advances have rating of at least ‘A’
2
1 Infrastructure 6.85 9.87 7.57
in December 2015
2 Engineering & Electronics 3.08 17.17 6.42
3 Financial Companies3 4.60 10.94 6.11
6.32 5.38 6.10
 Won Compliance Risk Technology Implementation
4 Power Generation & Distribution
5 Metal & Metal Products 6.19 5.67 6.06 Award in April 2015 under the Asian Banker Risk
6 Trade 3.09 4.32 3.38
7 Real Estate 3.31 1.42 2.86 Management Awards Programme
8 Food Processing 2.86 2.45 2.77
9 Petroleum & Petroleum Products 1.05 8.18 2.74  Conservative approach of rating new projects; two
10 Telecommunication Services 1.09 4.82 1.98
notches below their normal rating
Note: Outstanding exposure as on December 31, 2015;  Centralised credit monitoring mechanism
(1) Based on internal ratings; (2) Includes financing of projects (roads, ports, airports etc.); (3) Includes HFCs and NBFCs
18
 Capturing End-to-End Opportunities in Transaction Banking…
Payments

Current Account Deposits Current

(` bn)
Accounts
561
536
483 487 Foreign
Govt
Exchange
397 Business
Solutions

Transaction
Banking

Capital Cash
Market Manage-
Solutions ment
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
CMS Accounts
Trade
27,273 Finance
25,335 Solutions
20,719
 Wide range of products with customised offerings & dedicated
15,818 Relationship Manager for all Transaction Banking requirements
11,548  Focused approach towards Corporates, Institutions and Government
and strengthening presence in G2B e-Governance initiatives
 One of the leading Cash Management Services (CMS) providers in India
 Comprehensive suite of mobility solutions to meet Transaction Banking
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 needs of customers
 Amongst select set of Indian banks offering host-to-host transaction
CAGR banking facility
(FY’12-FY’15) 19
 … and Establishing Leadership in the Retail
Payments Segment Payments

Market Leader in Retail Payments

Debit Cards
 One of the largest issuers of debit cards & 5th largest credit
14.5
14.3 14.3 card issuer in the country with a card base of around 2.2 mn

13.3
 Multi Currency Foreign currency cards in 15 foreign
currencies
12.5
 Won 'Best Payment Initiatives‘ Award amongst Private
Sector Banks organised by IBA Banking Technology Awards
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 2014-15
Note: All figures in million

Credit Cards Innovative Offerings

2.2
 Power Packed Cards: Burgundy
World Debit Card
1.7
 New Launches: Neo Credit Card;
1.4
1.1
Pride Platinum and Pride
0.8
Signature Credit Card - Serving
those who Serve the Nation
 Value Added Cards: Display Debit
Card and Secure+ Debit Card
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
 Premium Cards: Privilege Credit
CAGR
Card
Note: All figures in million (FY’12-FY’15)
20
 Digital Banking
Mobile Banking Spends Channel Mix – Q3FY16

(` crores)
Branch
14%

Digital
49%
ATM
37%

41% YOY growth

16%

ATM 1%
Digital Branch Total
-1% 1

Note: Based on number of all financial transactions performed by

individual customers
 Contents

Key Macro Trends

Business Model

Financial Snapshot

22
 Robust Growth in Core Revenue and Diversified Fee Income Franchise
Operating Revenue Operating Profit

Net Interest Income Non-Interest Income

134
(` bn) (` bn)
115 117
226
194 190 93
162 84 74
134 74 67
65
54
120 142 123
80 97

FY12 FY13 FY14 FY15 9MFY16 FY12 FY13 FY14 FY15 9MFY16

Fee Income Fee Profile (9MFY16)

(` bn)
68 Corporate
60 Retail Business Credit
55 52 40% 25%
47

Treasury &
DCM
11%
SME
Transaction 5%
FY12 FY13 FY14 FY15 9MFY16 Banking
Fee Income as % of Operating Revenue 19%
35% 34% 31% 30% 28%

CAGR
Note: All figures in ` bn
(FY’12-FY’15) 23
Margins Driven by Low Cost Deposits and Enhanced Operational Efficiency
Current and Savings Bank Deposits Cost of Funds and Net Interest Margin (%)
Current Deposits Savings Deposits Cost of Funds Net Interest Margin

6.6
(` bn) 6.3 6.2 6.2 6.0
1,444 1,463
1,265
1,121
914
883 927
638 778
517 3.9 3.9
3.6 3.5 3.8
397 483 487 561 536

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 FY12 FY13 FY14 FY15 9MFY16
Daily Average CAGR (FY12-15): 15%

Branch Expansion and Cost to Income Ratio Key Highlights

New branches opened Cost to income ratio
600 45% 43% 41% 41%
50%  Focused on maintaining low cost fund base
500 38%
40%
400
 Stable NIMs through interest rate cycles
455 30%
300  Calibrated reduction in cost to income despite
325 20%
200
232
investments in retail business
100 187 216 10%

0 0%  Operating leverage from new branches expected in

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
future
Total Branches
1,622 1,947 2,402 2,589 2,805

CAGR
(FY’12-FY’15) 24
 Stable Asset Quality
NPAs (Amounts) NPAs (%)
Gross NPA Net NPA Gross NPA Net NPA
1.68%
(` bn) 57.2
1.34%
1.22%
41.1 1.06%
0.94%
31.5
0.75%
23.9 25.1
18.1 0.44%
13.2 0.40%
10.2 0.32%
7.0 0.25%
4.7

Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 Mar-12 Mar-13 Mar-14 Mar-15 Dec-15

Restructured Assets Provisioning Coverage Ratio (1)

Cumulative restructured % of Restructured Assets to Net
assets (` bn) Customer Assets
2.71% &
90 & 3.0% 81% 79% 78% 78%
80 2.39%& 2.31% 72%
# 2.5%
70 81.7 #
77.5
60 &
2.0%
50 1.50% 60.8 #

1.58% 1.5%
40
30 # 1.0%
30.6 35.6
20
0.5%
10
0 0.0% Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
Mar-12 Mar-13 Mar-14 Mar-15 Dec-15
(1) Including prudential write-offs
#Cumulative net restructured advances
&Ratio of net restructured assets to net customer assets
25
 Delivering Profitable Growth

Indian banking opportunity remains attractive with long term structural drivers in place

Well positioned to capture both consumption and investment themes through a comprehensive product suite

Strong retail franchise that continues to show traction

Steady and systematic growth of distribution footprint

Efficient capital management

Consistent profitable growth

26
Appendix

27
 Summary Financials: Balance Sheet
` bn US$ mn
FY12 FY13 FY14 FY15 9MFY16 FY12 FY13 FY14 FY15 9MFY16
Capital and liabilities

Shareholders’ funds 228 331 382 447 510 3,448 5,005 5,777 6,753 7,716

Deposits 2,201 2,526 2,809 3,224 3,383 33,271 38,185 42,468 48,741 51,144

Borrowings 341 440 503 798 920 5,150 6,643 7,602 12,056 13,901

Other liabilities 86 109 138 150 151 1,307 1,646 2,084 2,276 2,274

Total 2,856 3,406 3,832 4,619 4,964 43,176 51,479 57,931 69,826 75,035

Assets

Cash and cash equivalents 139 204 282 361 331 2,106 3,089 4,269 5,457 4,995

Investments 881 1,068 1,025 1,175 1,154 13,316 16,138 15,500 17,769 17,451

Loans 1,698 1,970 2,301 2,811 3,154 25,661 29,773 34,777 42,489 47,671

Fixed assets 22 24 24 25 26 342 356 364 380 396

Other assets 116 140 200 247 299 1,751 2,123 3,021 3,731 4,522

Total 2,856 3,406 3,832 4,619 4,964 43,176 51,479 57,931 69,826 75,035

Note: Shareholders’ funds include ESOP outstanding

Exchange rate of 1 USD = `66.155 based on the FEDAI exchange rate as on December 31, 2015

28
 Summary Financials: Income Statement

` bn US$ mn
FY12 FY13 FY14 FY15 9MFY16 FY12 FY13 FY14 FY15 9MFY16
(1)
Interest Income 220 272 306 355 301 3,325 4,109 4,632 5,363 4,548

Interest Expense 140 175 187 213 178 2,113 2,648 2,825 3,213 2,692

Net Interest Income 80 97 119 142 123 1,212 1,461 1,807 2,150 1,856

Fee Income 47 55 60 68 53 714 835 905 1,024 793

Other Income 7 10 14 16 14 105 156 214 240 216

Operating Revenue 134 162 193 226 190 2,031 2,452 2,926 3,414 2,865

Operating Expense 60 69 79 92 73 908 1,045 1,194 1,391 1,096

Operating Profit 74 93 114 134 117 1,123 1,407 1,732 2,023 1,769

Provisions and Contingencies (excl. Tax) 11 17 21 23 25 173 265 319 352 384

Profit Before Tax 63 76 93 111 92 950 1,142 1,413 1,671 1,385

Tax 21 24 31 37 31 309 359 473 559 468

Net Profit 42 52 62 74 61 641 783 940 1,112 917

Note: Exchange rate of 1 USD = `66.155 based on the FEDAI exchange rate as on December 31, 2015
1 Interest income includes dividends earned on equity and preference shares and units of mutual funds

29
 Summary Financials: Key Ratios
FY12 FY13 FY14 FY15 9MFY16

Profitability and efficiency

(1)
Return on average total assets 1.7% 1.7% 1.8% 1.8% 1.7%
(2)
Return on average net worth 21.2% 20.5% 18.2% 18.6% 17.6%
(3)
Net interest margin 3.6% 3.5% 3.8% 3.9% 3.9%
(4)
Cost income ratio 45% 43% 41% 41% 38%

Fee Income to Operating Revenue 35% 34% 31% 30% 28%

Capital Adequacy*

Total capital adequacy ratio 13.66% 17.00% 16.07% 15.09% 15.47%^

Tier I capital adequacy ratio 9.45% 12.23% 12.62% 12.07% 12.35%^

Asset Quality
(5)
Gross NPA as a % of gross customer assets 0.94% 1.06% 1.22% 1.34% 1.68%
(6)
Net NPA as a % of net customer assets 0.25% 0.32% 0.40% 0.44% 0.75%
* Capital 1st
adequacy ratio computed under Basel III guidelines with effect from April, 2013. ^ Ratios computed for Dec-15 include unaudited profits for the nine months
1 Net profit divided by average month-end assets for the year/period;
2 Net profit divided by the sum of the daily weighted average of share capital, share premium and year/period-end average of other reserves and surplus as reduced by the year/period-

end average of deferred tax assets;

3 Represents the ratio of net interest income to daily average interest earning assets
4 Represents the ratio of Operating Expense to Operating Revenue
5 NPA denotes non performing assets; Gross customer assets include advances and credit substitutes before provisions
6 Net customer assets include advances and credit substitutes after deductions of provisions

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Thank You

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