AXIS Bank announces Q3 FY10 Net Profit of Rs. 655.98 Crores, up by 30.97% YOY
9m FY10 Net Profit of Rs. 1,749.66 Crores, up by 41.80%
Mumbai, January 15, 2010:
Business Overview
• Placement / Syndication and Project Advisory
The Bank maintained its position as No.1 Debt Arranger as assessed by Prime Database for half-year ended
Sep’09. Further, in the Bloomberg league table for ‘India Domestic Bonds’, the Bank is ranked No.1 for
calendar year 2009. The Bank arranged debt aggregating to Rs 13,753 crores during Q3FY10, lower than Rs.
19,800 crores arranged during Q2FY10 and Rs. 18,525 crores arranged during Q3FY09. The Bank continues to
strengthen its focus on project advisory services.
• Retail Business
The number of Savings Bank accounts grew from 73.21 lakhs as on 31st Dec’08 to 80.95 lakhs as on 31st
Dec’09. Retail advances grew from Rs. 15,616 crores as on 31st Dec’08 to Rs. 18,900 crores as on 31st
Dec’09, a growth of 21% yoy. Retail advances accounted for 22% of the total advances of the Bank as on
31st Dec’09. The Bank's International Debit Card issuance has risen to 139 lakh debit cards as on 31st Dec’09,
as compared to 110 lakh debit cards as on 31st Dec’08. The Bank had over 5,70,000 credit cards in force
and an installed base of over 1,44,000 Electronic Data Capture (EDC) machines as on 31st Dec’09. The Bank
offers personal investment products including life insurance products, general insurance products, online
trading accounts and mutual funds of leading manufacturers as also wealth advisory services and Mohur -
gold coins and bars - through select branches.
• International Business
The Bank has five international offices - branches at Singapore, Hong Kong and Dubai (at the DIFC) and
representative offices at Shanghai and Dubai - with focus on corporate lending, trade finance, syndication,
investment banking, risk management and liability businesses. The total assets under overseas operations
amounted to US$ 2.45 billion as on 31st Dec’09.
• Capital and Shareholders’ Funds
The Shareholders’ Fund of the Bank was Rs. 15,797 crores as on 31st Dec’09, as compared to Rs. 10,046
crores as on 31st Dec’08, a growth of 57% yoy. The Capital Adequacy Ratio for the Bank was 16.80%, as on
31st Dec’09, as compared to 13.84% as on 31st Dec’08. The Tier-I capital amounted to 11.83% as on 31st
Dec’09, as compared to 9.46% as on 31st Dec’08.
• Appointment of Non-Executive Chairman and Additional Directors
Dr. Adarsh Kishore has been appointed as Additional Director and Non-Executive Chairman of the Bank,
subject to approval of the Reserve Bank of India. Shri S.B. Mathur, former Chairman of LIC and the National Stock Exchange of India has joined the Board as
an Additional Independent Director of the Bank. Shri V.R. Kaundinya, joined the Board of Directors as an Additional
Independent Director in October 2009.
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(This is a press release from Axis Bank)
