Axis Bank : Annual General Meeting

AXIS/CO/CS/170/2022-23
June 29, 2022
Chief Manager,	The Deputy General Manager,
Listing & Compliance Department	Listing Department
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, 5th Floor	1st Floor, New Trading Ring,
Plot No. C/1, "G" Block	Rotunda Building
Bandra-Kurla Complex	P. J. Towers, 'Dalal Street Fort,
Bandra (E), Mumbai - 400 051	Mumbai - 400 001
NSE Symbol: AXISBANK	BSE Scrip Code : 532215
Dear Sir(s),

SUB.: THE NOTICE OF 28TH ANNUAL GENERAL MEETING ("AGM") AND THE ANNUAL REPORT OF AXIS BANK LIMITED ("BANK") FOR THE FINANCIAL YEAR 2021-22.

REF.: REGULATION 34(1) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

We refer to our letter no. AXIS/CO/CS/144/2022-23 dated June 17, 2022 informing you that the 28th AGM of members of the Bank will be held on Friday, July 29, 2022 at 10:00 A.M., through Video Conferencing.

In this regard, please find enclosed herewith the Notice of 28th AGM and the Annual Report of the Bank for the financial year 2021-22 for your information and records.

Thanking you,

With warm regards,

For Axis Bank Limited

SANDEEPDigitally signed by

SANDEEP PODDAR

PODDAR Date: 2022.06.29 14:37:09 +05'30'

Sandeep Poddar

Company Secretary

Encl.: As above

Cc: London Stock Exchange

Singapore Stock Exchange

AXIS BANK

Legal &CS: Axis House, Wadia International Centre, Pandurang Budhkar marg, Worli, Mumbai 400 025

Registered Address: "Trishul" - 3rd Floor, Opp. Samartheswar Temple, Near Law Garden, Ellisbridge,

Ahmedabad - 380006. Telephone No.: 079-26409322 Fax No.: 079-26409322

CIN : L65110GJ1993PLC020769 Website: www.axisbank.com

A N N UA L R E P O RT 2 0 2 1 - 2 2

to make banking seamless for everyone

to unlock Bharat's true potential

to give back

more to our communities

A W O R L D O F P O S S I B I L I T I E S

to nurture

an engaging workplace

to create sustainable value for all

Contents

About Axis Bank

Steady Performance

4

Growing with Trust

6

Always Close to

Our Consumers

8

Message from MD & CEO

10

Leadership with

Good Governance

16

Steering our GPS journey

18

We are the third largest private sector bank in India. We offer the entire spectrum of financial services to consumer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail.

Open - A World of Possibilities

Possibilities of Making

Banking Seamless

22

Possibilities of Building Lasting Brand Value

24

Possibilities of Building Enduring Consumer Journeys

26

Possibilities of Creating an Engaging and Driven Culture

28

Possibilities of Unlocking Bharat's True Potential

30

Our credo of 'Open' aptly portrays our ethos as we open our doors to serve our patrons better every day.

Performance for the Year

Progress Defined by Prudence

32

Retail Banking Performance

36

Message from Management - Retail Banking

38

Wholesale Banking Performance

42

Message from Management - Wholesale Banking

44

Dil Se Open with 'One Axis' Ecosystem

48

Message from Management - Operations & Transformation

54

Targeted Strategies

Delivering Performance

58

ESG Commitment

Unlocking the Possibilities

of a Better Tomorrow

60

Driving Positive Change in our Communities

62

Aspiring to Become India's

Most Valuable Bank

64

We have a comprehensive ESG strategy and action plan in order to foster holistic growth for all our stakeholders.

Raising the Bar

66

Statutory Reports	Financial Statements
Board's Report	Independent Auditor's Report -
67	Standalone Financial Statements
Management's Discussion	165
and Analysis	Standalone Financial Statements
92	172
Corporate Governance	Independent Auditor's Report -
126	Consolidated Financial Statements
	253
	Consolidated Financial Statements
	260
	Form AOC-1
	310
	Basel III Disclosures
	312

A W O R L D O F P O S S I B I L I T I E S

In the face of challenges, our truest nature shines through.

2	Annual Report 2021-22