AXIS BANK LIMITED AXIS/CO/CS/354/2022-23 | |
October 20, 2022 | |
National Stock Exchange of India Limited | BSE Limited |
Exchange Plaza, 5th Floor | P. J. Towers, |
Plot No. C/1, "G" Block | Dalal Street |
Bandra-Kurla Complex | Fort, Mumbai - 400 001 |
Bandra (E), Mumbai - 400 051 | |
NSE Symbol: AXISBANK | BSE Scrip Code: 532215 |
Dear Sir(s), |
SUB: DISCLOSURE OF RELATED PARTY TRANSACTION FOR THE HALF YEAR ENDED SEPTEMBER 30, 2022
Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021, please find enclosed copy of disclosure on Related Party Transactions for the half year ended September 30, 2022 as per format prescribed by SEBI.
This is for your information and records.
Thanking you,
Yours Sincerely,
For Axis Bank Limited
SANDEE P PODDAR
Digitally signed by SANDEEP PODDAR Date: 2022.10.20 17:20:24 +05'30'
Sandeep Poddar
Company Secretary
Encl: As above
- 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
Related Party Transactions for the half year ended September 30, 2022
( in crores)
Details of the party (Listed entity | |
/ Subsidiary) entering into the | Details of the counterparty |
transaction | |
Name | Relationship of the counterparty |
with the listed entity | |
Axis Bank Ltd. | Associate |
Axis Bank Ltd. | Director |
Axis Bank Ltd. | Director of Subsidiary |
Value of the related | Value of transaction | In case monies are due to either party as a | ||
result of the transaction | ||||
party transaction as | during the reporting | |||
Type of related party transaction | approved by the | period for half year | Opening balance | Closing balance |
Audit Committee for | ended | |||
as on | as on | |||
FY 2022-23 | September 30, 2022 | |||
April 1, 2022 | September 30, 2022 | |||
Deposits with Bank | At actuals | - | 398.26 | 292.94 |
Investment in non equity instrument of | ||||
the Bank | At actuals | - | 475.60 | 475.60 |
Investment in equity shares of the Bank | ||||
At actuals | - | 0.89 | 0.89 | |
Non-Funded commitments | At actuals | - | 0.25 | 0.25 |
Rendering of services | 300.00 | 41.78 | - | 9.23 |
Fees/commission for distribution of | ||||
insurance products | At actuals | 351.28 | 109.53 | 43.10 |
Sale/purchase of securities | At actuals | 218.49 | - | - |
Dividend paid | At actuals | 0.45 | - | - |
Deposits with Bank | Term deposits - at | |||
actuals | ||||
Saving deposits - | ||||
Upto Rs. 50 crores per | ||||
counterparty | - | 24.47 | 15.81 | |
Investment in equity shares of the Bank | ||||
At actuals | - | -* | -* | |
Sale/purchase of foreign currency | At actuals | 6.15 | - | - |
Sitting fees | At actuals | 1.40 | - | - |
Dividend paid | At actuals | -* | - | - |
Interest paid | At actuals | 0.48 | - | - |
Remuneration | As approved by | |||
Board Committee/ | ||||
Board | 0.80 | - | - | |
Deposits with Bank | N.A. | - | 20.85 | 21.54 |
Investment in equity shares of the Bank | ||||
N.A. | - | 0.06 | 0.06 | |
Rendering of services | N.A. | -* | - | - |
Sale/purchase of foreign currency | N.A. | 0.34 | - | - |
Dividend paid | N.A. | 0.04 | - | - |
Interest paid | N.A. | 0.46 | - | - |
1
Details of the party (Listed entity
/ Subsidiary) entering into the Details of the counterparty transaction
Value of the related | Value of transaction | In case monies are due to either party as a | ||
result of the transaction | ||||
party transaction as | during the reporting | |||
Type of related party transaction | approved by the | period for half year | Opening balance | Closing balance |
Name
Axis Bank Ltd.
Relationship of the counterparty
with the listed entity
Interested Entity of KMP/Director of Subsidiary or their relatives
Audit Committee for | ended | as on | as on | |
FY 2022-23 | September 30, 2022 | |||
April 1, 2022 | September 30, 2022 | |||
Deposits with Bank | N.A. | - | 220.44 | 974.75 |
Receiving of services | N.A. | 4.43 | - | - |
Rendering of services | N.A. | 0.16 | - | - |
Interest paid | N.A. | 22.83 | - | - |
Deposits with Bank | Term deposits - at | |||
actuals | ||||
Current account | ||||
deposits - upto Rs. |
Axis Bank Ltd. | Interested Entity of KMP/Director or |
their relatives | |
Axis Bank Ltd. | Key Managerial Personnel (KMP) |
Axis Bank Ltd. | Key Managerial Personnel of |
Subsidiary/Step-down Subsidiary | |
500 crores per | ||||
counterparty | - | 11.11 | 3.10 | |
Non-Funded commitments | 10.00 | - | 2.00 | 2.00 |
Rendering of services | Rs.10 crore | |||
(per entity) | 0.01 | - | - | |
Interest paid | At actuals | 0.05 | - | - |
Deposits with Bank | Term deposits - at | |||
actuals | ||||
Saving deposits - | ||||
Upto Rs. 50 crores per | ||||
counterparty | - | 2.84 | 1.99 | |
Investment in equity shares of the Bank | ||||
At actuals | 4.10 | 0.10 | 0.10 | |
Rendering of services | Rs. 0.10 crore | |||
(per KMP) | -* | - | - | |
Sale/purchase of foreign currency | Rs.50 crore | |||
(per KMP) | 2.37 | - | - | |
Dividend paid | At actuals | 0.06 | - | - |
Interest paid | At actuals | 0.03 | - | - |
Remuneration | As approved by | |||
Board | ||||
Committee/Board, | ||||
Members and RBI, as | ||||
applicable | 8.70 | - | - | |
Deposits with Bank | N.A. | - | 8.27 | 13.68 |
Investment in equity shares of the Bank | ||||
N.A. | - | 0.11 | 0.12 | |
Rendering of services | N.A. | -* | - | - |
Sale/purchase of foreign currency | N.A. | 1.35 | - | - |
Dividend paid | N.A. | 0.07 | - | - |
Interest paid | N.A. | 0.21 | - | - |
2
Details of the party (Listed entity | ||
/ Subsidiary) entering into the | Details of the counterparty | |
transaction | Type of related party transaction | |
Name | Relationship of the counterparty | |
with the listed entity | ||
Security deposits | ||
Deposits with Bank | ||
Investment in non equity instrument of | ||
the Bank | ||
Investment in equity shares of the Bank |
Value of the related | Value of transaction | In case monies are due to either party as a | |
result of the transaction | |||
party transaction as | during the reporting | ||
approved by the | period for half year | Opening balance | Closing balance |
Audit Committee for | ended | ||
as on | as on | ||
FY 2022-23 | September 30, 2022 | ||
April 1, 2022 | September 30, 2022 | ||
100.00 | - | 1.89 | 1.89 |
At actuals | - | 6,411.50 | 3,949.86 |
At actuals | - | 1,458.00 | 1,458.00 |
At actuals | - | 58.28 | 58.28 |
Axis Bank Ltd. | Promoter |
Axis Bank Ltd. | Promoter group entities |
Axis Bank Ltd. | Relatives of KMP/Director |
Non-Funded commitments Receiving of services Rendering of services Dividend paid
Interest paid
Remuneration and sitting fees to Nominee Directors
Call / Term borrowings from related parties
Deposits with Bank
Forex and derivative contracts Non-Funded commitments Receiving of services and reimbursement of expenses to related party
Rendering of services
Forex and derivative contracts Interest paid
Deposits with Bank
Investment in equity shares of the Bank
Rendering of services Sale/purchase of foreign currency Dividend paid
Interest paid
At actuals | - | 3.25 | 3.25 |
230.00 | 47.68 | - | - |
110.00 | 14.33 | 2.33 | 1.31 |
At actuals | 29.14 | - | - |
At actuals | 16.55 | - | - |
As approved by | |||
Board Committee/ | |||
Board | 0.39 | - | - |
At actuals | - | 189.48 | 1,016.81 |
At actuals | - | 570.31 | 507.76 |
At actuals | - | - | 50.00 |
At actuals | - | 0.25 | 0.39 |
200.00 | 10.43 | - | - |
Rs.10 crore | |||
(per entity) | 1.53 | - | - |
At actuals | 51,813.46 | - | 5,066.75 |
At actuals | 10.05 | - | - |
Term deposits - at | |||
actuals | |||
Saving deposits - | |||
Upto Rs. 50 crores per | |||
counterparty | - | 13.30 | 11.70 |
At actuals | - | 0.01 | 0.01 |
0.20 | -* | - | - |
50.00 | 0.01 | - | - |
At actuals | -* | - | - |
At actuals | 0.23 | - | - |
3
Details of the party (Listed entity
/ Subsidiary) entering into the Details of the counterparty transaction
Name | Relationship of the counterparty |
with the listed entity | |
Axis Bank Ltd. | Relatives of KMP/Director of |
Subsidiary | |
Axis Bank Ltd. | Step Down Subsidiary |
Axis Bank Ltd. | Partially owned Subsidiary |
Axis Bank Ltd. | Wholly Owned Subsidiary |
Type of related party transaction
Deposits with Bank
Investment in equity shares of the Bank
Rendering of services Sale/purchase of foreign currency Dividend paid
Interest paid Deposits with Bank Receiving of services Reimbursement of expenses from related party
Rendering of services Interest paid Deposits with Bank Other receivables Receiving of services Reimbursement of expenses from related party
Reimbursement of expenses to related party
Rendering of services Royalty received Interest paid Deposits with Bank
Non-Funded commitments Other payables
Other receivables
Purchase of loans
Receiving of services
Reimbursement of expenses from related party
Reimbursement of expenses to related party
Rendering of services Royalty received Sale/purchase of securities Forex and derivative contracts Interest paid
Value of the related | Value of transaction | In case monies are due to either party as a | |
result of the transaction | |||
party transaction as | during the reporting | ||
approved by the | period for half year | Opening balance | Closing balance |
Audit Committee for | ended | ||
as on | as on | ||
FY 2022-23 | September 30, 2022 | ||
April 1, 2022 | September 30, 2022 | ||
N.A. | - | 17.86 | 16.39 |
N.A. | - | 0.01 | 0.01 |
N.A. | -* | - | - |
N.A. | 0.01 | - | - |
N.A. | -* | - | - |
N.A. | 0.30 | - | - |
At actuals | - | - | 0.03 |
At actuals | 0.05 | - | 0.02 |
0.90 | 0.14 | - | 0.04 |
0.76 | 0.23 | - | - |
At actuals | 0.26 | - | - |
At actuals | - | 10.85 | 11.59 |
At actuals | - | 0.01 | 0.01 |
3.00 | 0.51 | - | 0.03 |
52.00 | 12.26 | 1.26 | 0.45 |
5.00 | -* | - | -* |
136.50 | 8.63 | 3.02 | 3.32 |
3.00 | 0.72 | 0.36 | - |
At actuals | 0.18 | - | - |
N.A. | - | 963.78 | 832.91 |
N.A. | - | 0.25 | 0.25 |
N.A. | - | 24.06 | 17.18 |
N.A. | - | 0.11 | 0.59 |
N.A. | 340.05 | - | - |
N.A. | 158.85 | 31.63 | 37.55 |
N.A. | 13.51 | 0.49 | 0.50 |
N.A. | 0.20 | 0.13 | 0.07 |
N.A. | 23.98 | 1.38 | 1.25 |
N.A. | 2.19 | 1.01 | - |
N.A. | 386.43 | - | - |
N.A. | 0.13 | - | - |
N.A. | 8.82 | - | - |
4
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Axis Bank Ltd. published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 12:09:06 UTC.
