AXISBANK

AXIS/CO/CS/261/2026-27 July 18, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 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/Madam, REF.: DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (“SEBI LISTING REGULATIONS”) SUB.: INVESTOR PRESENTATION ON THE FINANCIAL RESULTS OF AXIS BANK LIMITED (“BANK’) FOR THE QUARTER ENDED JUNE 30, 2026 In reference to our letter no. AXIS/CO/CS/250/2026-27 dated July 18, 2026, a copy of the revised Investor Presentation on the unaudited standalone and consolidated financial results of the Bank for the quarter ended June 30, 2026, is attached herewith. This is for your information and records. Thanking You. With warm regards, For Axis Bank Limited Sandeep Poddar Company Secretary Encl: as above CC: London Stock Exchange Singapore Stock Exchange Investor Presentation Quarterly Results Q1FY27 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB Axis Bank at a glance 3rd ~ 54 mn 1,00,700+ 6,295 Axis Bank largest Private Bank in India Customers Employees Branches 1 Traditional Banking Segment Digital Banking Segment Market Share 5.4% 5.1% 5.7% ~ 38% ~ 13.4% Assets 2 Deposits 2 Advances 2 UPI 3 Credit Cards 4 Profitability 14.52% 3.46% 2.47% 2.20% Consolidated ROE 5 Net Interest Margin 5 Operating Profit Margin 5 Cost to Assets 5 Balance Sheet 16.67% | 14.64% `156 Bn | 1.24% 70% |0.39% Cumulative provisions CAR 6 CET 16 PCR Net NPA (standard + additional non-NPA) 29% 72% 8% 3% Key Subsidiaries YOY growth in YOY growth in YOY growth in YOY growth in Axis Finance PAT 5 Axis Capital PAT 5 Axis Securities PAT 5 Axis AMC PAT 5 1Domestic network including extension counters; 2 Based on RBI data as of June 30, 2026 3 UPI payer PSP space market share by volume for Q1FY27 4 Credit Cards in force market share as of May’26 5 for Q1FY27 6 CAR – Capital Adequacy ratio; CET 1 – Common Equity Tier 1 ratio; QuarterlyResultsQ1FY27 2 Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 3 Major highlights for Q1FY27 PAT up 23% YOY driven by positive operating jaws and stable asset quality; Market share gains across deposits and advances, deposits up 18% YOY, advances up 19% YOY • Operating profit at ₹11,659 crores, up 16% QOQ; Core operating profit at ₹11,122 crores, up 5% QOQ • Net Interest Income up 8% YOY, Net Interest Margin (NIM) at 3.46% Stable core operating performance • Fee income up 7% YOY; granular fee constituted 90% of overall fees; Retail fee up 2% YOY • Cost to assets at 2.20%, declined 21 bps YOY and 8 bps QOQ • YOY QAB1 | MEB1 basis, total deposits grew 18% | 18%; term deposits grew 21% | 23%, CA grew 13% | 6%, SA grew 14% | 14%, respectively Robust deposit growth delivered across • QOQ QAB1 | MEB1 basis total deposits grew 6% | 3%, term deposits grew 7% | 5%, CA grew 3% | -6%, SA grew 6% | 1%, respectively average and period end balances • QAB1 | MEB1 CASA grew 13% | 11% YOY and 5% | -1% QOQ, with CASA ratio at 37% | 38%, respectively • Cost of funds decreased by 35 bps YOY and 2 bps QOQ • Advances grew 19% YOY & 2% QOQ; Bank’s focus segments2 grew by 18% YOY and 2% QOQ • SBB2+SME+MC at ₹3,061 bn | 24% of total loans, up ~911 bps in last 5 years Strong loan growth delivered • SME loans up 25% YOY and 3% QOQ, Corporate loans up 38% YOY and 5% QOQ of which Mid-Corporate (MC) up 27% YOY and 10% QOQ • Retail loans grew 8% YOY of which SBB book grew 18% YOY and 2% QOQ. Retail disbursements grew 18% YOY • Overall capital adequacy ratio (CAR) stood at 16.67%, CET 1 ratio at 14.64% Well capitalized with adequate liquidity • Additional cushion of ~52 bps over the reported CAR, attributable to other provisions and one-time standard asset provision aggregating ₹8,244 crores buffers • Excess SLR of ₹1,41,700 crores • Avg. LCR during Q1FY27 was ~119% • Maintaining our market leading position in UPI Payer PSP space with a market share of ~ 38%3, with lowest technical declines4 Continue to maintain our strong position in • Continues to be amongst the largest players in Merchant Acquiring business in India with a terminal market share of 22.1%5 Payments and Digital Banking • Acquired 0.9mn cards in Q1FY27, having a market share of ~13.4%5 on the Cards in force • 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 MAU6 • GNPA at 1.28% down 29 bps YOY, NNPA at 0.39% down 6 bps YOY • PCR healthy at 70%, Coverage 7 ratio at 161% up 2,318 bps YOY Stable Asset Quality • Gross slippage ratio 8 at 1.79% down 134 bps YOY, Net slippage ratio 8 at 1.12% down 121 bps YOY • Net credit cost 8 at 0.63%, down 75 bps YOY • Total Q1FY27 PAT of domestic subsidiaries at ₹546 crores up 21% YOY; Return on investments of ~ 41% in domestic subsidiaries Key subsidiaries delivered healthy • Axis Finance Q1FY27 PAT at ₹244 crores up 29% YOY, Stable asset quality metrics with net NPA at 0.39% performance • Axis AMC’s Q1FY27 PAT at ₹134 crores up 3% YOY, Axis Securities Q1FY27 PAT at ₹96 crores up 8% YOY • Axis Capital Q1FY27 PAT at ₹65 crores up 72% YOY; executed 8 ECM and 3 non-ECM deals in Q1FY27 Q1FY27 Consolidated ROE (annualized) at 14.52%, up 95 bps YOY, with subsidiaries contributing 36 bps 1QAB: Quarterly Average Balance; MEB: Month End Balance; 2Bank’s focus segments include Small Business Banking (SBB), Small & Medium Enterprises (SME), Mid Corporate, Rural, Personal Loans (PL) and Credit Card Advances 3 Market share by volume for Q1Y27; 4 NPCI data for top 50 UPI Remitter Members, last 12 months average as of June’26; 5 Based on RBI data as of May’26; 6 MAU: Monthly Active Users QuarterlyResultsQ1FY27 4 engaging in financial & non-financial transactions; 7 Coverage Ratio = Aggregate provisions (specific + standard + additional + other contingencies) / IRAC GNPA; 8 Annualised Key metrics for Q1FY27 Snapshot (As on 30th June 2026) Deposits Advances Absolute (₹ Cr) 3 18% YOY 19% YOY Q1FY27 Q1FY26 Q4FY26 YOY QOQ 18% YOY 4 Net Interest Income 14,646 13,560 14,457 8% 1% & Fee Income 6,156 5,746 6,561 7% (6%) s t if o s o Operating Expenses 9,722 9,303 10,466 5% (7%) 34% rL 38% P Operating Profit 11,659 11,515 10,013 1% 16% 62% 54% Core Operating Profit 11,122 10,095 10,619 10% 5% Profit after Tax 7,114 5,806 7,071 23% 1% 12% Q1FY27 YOY Growth e CASA c n t e Total Assets 19,21,966 20% 11% YOY 3 Retail SME Corporate e a la h S Net Advances 12,61,557 19% 13% YOY 4 8% YOY 25% YOY 38% YOY B Total Deposits 13,72,936 18% Shareholders’ Funds 2,11,693 15% Core Operating Profit (in ₹ crores) Profit After Tax (in ₹ crores) Q1FY27 Q1FY26 Diluted EPS1 (in `) 91.24 74.75 Book Value per share (in `) 681 596 10% YOY 23% YOY s Standalone ROA1 1.51% 1.47% o it Standalone ROE1 14.16% 13.14% a R y Cons ROA1 1.56% 1.51% e K Cons ROE1 14.52% 13.57% 11,122 10,095 7,114 Gross NPA Ratio 1.28% 1.57% 5,806 Net NPA Ratio 0.39% 0.45% Basel III Tier I CAR2 15.35% 15.10% Basel III Total CAR2 16.67% 16.85% Q1FY26 Q1FY27 Q1FY26 Q1FY27 QuarterlyResultsQ1FY27 5 1 Annualized 2 including profit after tax for the periods 3 Month end balances 4 Quarterly average balance Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 6 Deposit and Loan growth performance All figures in ₹ billion Deposit mix (QAB)1 Segment loan mix YOY QOQ 13,048 YOY QOQ 18% 6% 12,265 12,616 11,974 12,336 19% 2% 11,397 11,048 11,590 11,167 10,597 4,129 4,344 38% 5% 3,751 8,234 21% 7% 3,497 (34%) 7,682 3,159 7,492 7,057 (63%) 6,806 1,516 1,472 25% 3% 1,315 1,393 (12%) 1,209 1,417 1,458 1,497 13% 3% 1,324 1,345 (12%) 6,230 6,355 6,446 6,735 6,756 8% (54%) 2,918 2,995 3,065 3,124 3,317 14% 6% (25%) Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 SA CA TD Retail SME Corporate total 56% 57% 56% 55% 55% 53%57% 97% 97% 97% 96% 96% Proportion of Retail deposits as per LCR2 Share of Domestic Loans in overall loan book 5.07% 4.83% 4.77% 4.73% 4.75% Cost of Deposits 1 Quarterly Average Balance QuarterlyResultsQ1FY27 7 2 Average deposits from retail and small business customers as reported in Liquidity Coverage Ratio (LCR) disclosure for the period as proportion of total QAB deposits Operating Performance Operating revenue Operating expense All figures in ₹ Crores 7% 6% 5% 5% YOY QOQ 20,818 20,369 20,512 20,480 21,382 3% 4% 2% YOY QOQ 7,258 6,625 6,226 6,023 6,736 7% 12% 9,303 9,957 9,637 10,466 9,722 5% 7% 6,041 6,839 6,865 7,352 6,664 10% 9% 13,560 13,745 14,286 14,457 14,646 8% 1% 3,262 3,118 2,772 3,115 3,058 6% 2% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Opex growth (YOY) Staff cost Non-staff cost Net Interest Income Non-Interest Income Operating profit & Core operating profit Profit after tax YOY QOQ YOY QOQ 11,515 11,659 10,413 10,876 10,815 10,619 11,122 OP 1% 16% 23% 1% 10,095 9,915 10,013 7,071 7,114 6,490 5,806 5,090 Core OP 10% 5% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Operating Profit (OP) Core Operating Profit QuarterlyResultsQ1FY27 8 Net interest margin trend Advances mix by rate type Cost of Funds MCLR Duration Split (June-26) 26% 3%0.3% 1M, 3% 0.3 7% % 5.50% 3M, 1% 5.43% 5.44% 5.45% 5.46% 5.39% 5.35% ~ 74% of 6M, 1% 5.17% 5.15% loans 5.03% 5.07% 5.06% 5.04% floating 61% 12M, 4% 1 Q1FY24Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26Q1FY27 Repo linked MCLR linked Other EBLR Base Rate linked Foreign currency- floating Fixed Net interest Margin (NIM) NIM Movement - Q4 FY26 to Q1 FY27 NIM - Overall NIM - Domestic 3.91% 3.82% 3.75% 3.73% 3.60% 3.80% 3.73% 3.64% 3.62% 3.62% 0.03% 3.46% 0.13% 3.46% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 NIM Q4 FY26 Interest reversal Spread NIM Q1 FY27 QuarterlyResultsQ1FY27 9 1External benchmark linked rate NIM has seen structural improvement led by multiple drivers Reducing share of low yielding Composition reflected through 1 Improvement in balance sheet mix 2 3 RIDF bonds average1 CASA% Loans and investments as % of total assets 86% 88% 89% 89% 88% 2.3% 43.6% 1.5% 42.5% 30,564 39.3% 0.9% 37.8% 36.9% 0.5% 0.4% 21,557 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 14,450 68% 71% 71% 67% 66% 8,690 7,794 Retail & CBG as % of loan book Non INR book as % of overall loan book Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 FY23 FY24 FY25 FY26 Q1FY27 5.1% 5.2% 2 38 bps 4.4% As a % to total assets 3.8% 3.9% Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 1 Daily average CASA ratio for the period 2 Decline in cost of CASA for Q1FY27 as compared to FY23 QuarterlyResultsQ1FY27 10 Healthy growth in fees; granularity built across our business segments All figures in ₹ Crores Retail Banking fees Retail fee mix 2% YOY 45% 44% 4,833 38% 32% 4,051 4,269 4,358 4,152 24% 21% 15% 15% 17% 16% 15% 18% TPP Retail Cards & Payments Retail Assets excl cards & Retail Liabilities & others payments Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 • 12% YOY growth in Retail Assets excl. Cards & Payments • 13% YOY growth in Retail Liability & others 70% 71% 71% 74% 67% Corporate & Commercial Banking fee Corporate & Commercial Banking fee mix 18% YOY 16% QOQ Trade, Forex and Financial Institutional payments related fee form part of Transaction Banking 71% 71% 68% 2,004 1,695 1,768 1,743 1,727 25% 24% 26% 4% 5% 6% Transaction Banking Credit Treasury (ex forex) Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 • 13% YOY growth in Transactional Banking fees, forex & trade 30% 29% 29% 26% 33% • 21% YOY growth in Credit fees • 89% YOY growth in Treasury fees (ex forex) xx% Segment contribution to total fees QuarterlyResultsQ1FY27 11 Operating expenses grew at 5% YOY All figures in ₹ Crores Break-up of operating expenses Increase in volume linked and technology cost offset by lower statutory expenses - 3% 8% 6% 2% YOY% 5% -7%1 38% 44% 17% % in growth -5%2 9,303 10,466 9,722 160 186 73 Business Investments Includes impact volumes and in IT Infra of Increments change in and digital rolled out in Q1 44% 46% 43% rates journeys & Statutory 9,303 costs 9,722 34% 31% 34% Q1FY26 opex Volume linked Technology & Growth Business as Usual Q1FY27 opex 22% 23% 23% Cost to Assets % YOY 21 bps QOQ 8 bps Q1FY26 Q4FY26 Q1FY27 2.55% Volume linked Technology & Growth Business as Usual 2.46% 2.41% 2.28% 2.17% 2.22% 2.20% Technology expenses are ~11% of total opex for Q1FY27 FY22 FY23 FY24 FY25 Q1FY26 FY26 Q1FY27 1. Reported % change 2. Normalized opex % change excluding one-time write-back items in current quarter versus charge for previous quarter QuarterlyResultsQ1FY27 12 AXIOM: Building an AI-led, customer-centric bank Our AI operating model is driven by a platform approach with reusable capabilities AXIOM Operating AXIOM Capability Model Platform 5 focus areas driving AI Reusable, governed capabilities industrialization creating enterprise-wide impact FROM USE CASES TO PLATFORMS REUSABLE AI VisionXtract VoiceAI Knowledge AI RM Copilot CAPABILITY PLATFORMS Document AI capability stack to Voice intelligence stack to drive Enterprise knowledge search Intelligent insights and drive Zero Ops customer satisfaction & content generation relationship augmentation Enterprise assets built once, reused everywhere LIVE LIVE LIVE LIVE ✓ GOVERNANCE LAYER Model Lifecycle Responsible AI, safe & ✓ Enterprise AI ✓ Evaluation Harness ✓ Responsible AI Management & compliant at scale Governance Model Quality evaluation ISO 42001 Certified Monitoring COMMON, REUSABLE, SCALABLE Designed once. Deployed many times. Creating a compounding value across Axis. QuarterlyResultsQ1FY27 13 AXIOM in Action: Q1FY27 - Progress at a glance A Zero Ops ~34 Mn ~1.05 Mn AI-assisted Onboarding AI- assisted doc reading Conversational F B Interface for 0.75 Mn+ Sales & Service 18 Mn+ Collections: Bot-based 2.8 Mn+ Customer chat O Bot based interactions calling interactions Customers C U Enterprise S C ~0.74 Mn No. of queries processed in ADI ~0.64 Mn AI-Powered Customer Conversations Knowledge Bot A R ~ 2.1 Mn Insight E D RM Copilot 8 Mn+ Voice-to-text transcription RM Calls analysed 2 Mn+ Mins generation A S Assurance E Strengthening 55+ Credit models ~320% YoY improvement in fraud value prevention 93K Copilot users ~4 Mn Monthly prompts generated ISO 42001 First Certified BFSI Globally Note: The numbers represents YTD unless otherwise stated QuarterlyResultsQ1FY27 14 Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 15 Strong capital position with adequate liquidity Bank’s Capital Adequacy Ratio 18.54% 0.72% * 0.46% 17.64% 17.07% 16.63% 16.42% 16.67% 14.64% 2.20% 14.38% 1.10% 3.07% 2.43% 2.00% 1.64% 1.32% 0.55% 0.46% 0.40% 0.40% 0.71% 15.24% 14.02% 13.74% 14.67% 14.38% 14.64% CET-1 Mar'26 Accretion Consumption CET-1 Jun'26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 * Includes 22 bps increase due to discontinuation of IFR CET 1 CAR AT1 CAR Tier 2 CAR Total CAR Liquidity Coverage Ratio (consolidated) RWA to Total Assets 123% 118% 118% 120% 120% 115% 119% 118% 119% 119% 116% 117% 119% 75% 75% 74% 72% 72% 100% Bank's LCR (consolidated) Regulatory minimum LCR Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 • The Bank holds excess SLR of `1,41,700 crores QuarterlyResultsQ1FY27 16 Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 17 Retail Banking ~51 Mn 4th `7.54 T n Individual Largest issuer of AUM in wealth customers Credit Cards management 8% 16% 54% YOY growth in YOY growth in Share of Retail advances Rural advances Advances1 14% | 14% 38% 67% YOY Growth in SA CASA ratio Share in QAB2 | MEB3 deposits (MEB3) total fee4 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 Q1FY27 Axis Bank Document Classification | Confidentiel The Deposit journey for Axis Bank should be looked at from three aspects… 1 2 3 … growing faster than the industry aided by We continue to work on improving the …with controlled movement in cost of deposits improved acquisition and customer deepening. granularization in order to improve the over the last 2 years and… quality of LCR deposits… 5.19% 18% 5.13% 18% 28.6% 28.8% 5.06% 5.08%5.08% 5.07% 27.9% 27.3% 14% 4.94% 13% 14% 13% 13% 26.2% 4.83% 12% 12% 4.79% 4.77% 4.75% 4.73% 4.62% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Last 1 yr Last 3 yrs CAGR Last 5 yrs CAGR FY24 FY24 FY4 FY24 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 LCR Outflow rates Cost of deposits Industry1 Axis (MEB)2 Axis (QAB)2 Source: 1 Industry data is based on the RBI disclosures as of June 30th, 2026. 2 QAB: Quarterly Average Balance; MEB: Month End Balance. QuarterlyResultsQ1FY27 19 …led by multiple initiatives across the Bank Focus on Productivity & Exclusively curated Digital, transformation Premiumization Bharat Banking Micro market strategy product propositions Partnerships SA New to Bank deposits1 up 30% CAGR in Burgundy 17% YOY growth in Salary ~ 19K extensive distribution Project NEO aiding higher 6% YOY and balances1 per wealth management AUM Uploads in the ETB Salary network of Common Service contribution from transaction- since Mar’20 book2 by Jun’26 Centers (CSC) VLEs3 oriented flow businesses account up 18% YOY 76% of customer requests “Right fit” strategy to Corporate Salary offerings Launched fully digitized 48% YOY growth in remain amongst the best tractor journey in SFDC individual RTD by value serviced digitally as part of accelerate Premiumization available in the market today sourced digitally for Q1FY27 Branch of the Future Calibrated branch expansion ‘ ‘ B B u u r r g g u u n n d d y y P C r ir o c m le i s o e f ’ & N P e ro w g ‘ r F a a m m ’ i a ly n d B b a e n n k e i f n it g s including E th n ir a d b -p le a d r t C y A ne S tw A o o rk p e o n n i n th g e a e t K a YC Siddhi empowering Axis strategy Bank colleagues to engage Trust’ launched industry super premium Magnus Card platform, building a TD with customers seamlessly first servicing proposition for Burgundy customers proposition on the eKYC platform 13% 21% 2.9 mn YOY growth in Premium acquisitions in NTB YOY growth in Term Deposits4 Retail Term Deposits acquired in Q1FY27 Salary book by Jun’26 1Based on Monthly daily average basis (MDAB) 2Sourcing with >25k salary inflows 3 Village Level Entrepreneurs QuarterlyResultsQ1FY27 20 4 QAB Amongst the leading players in India’s Wealth Management space All figures In ₹ trillion Overall Burgundy AUM has grown strongly 30% CAGR1 20% YOY 7.54 6.78 5.92 5.37 3.57 2.61 2.13 1.47 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 16% YOY Burgundy Private AUM ₹2.68 Tn Burgundy Private Families 17,400+ 25% YOY Burgundy Private Client Base 40,100+ 28% YOY 16,889 23% YOY Burgundy Private 3-in-1 Cards 1 CAGR for period Mar-20 to Jun-26 QuarterlyResultsQ1FY27 21 ₹6.8 trillion Retail loan book remains well diversified ~ 73% of our retail book is secured (1) Retail book (in ₹ billion) in ₹ Crores Jun-26 QOQ YOY % Prop Home Loans 1,73,787 - 5% 26% 8% 8% 6% 6% 6% 2 YOY Rural loans 1,17,211 (1%) 16% 17% MFI loans are ~3.7% of retail loans, of which ~1.2% is retail LAP 87,342 - 11% 13% QOQ 0% 4% 0% MFI and the balance is 2% 1% Personal loans 82,781 1% 7% 12% wholesale MFI 3 6,735 6,755 SBB 79,468 2% 18% 12% 6,446 Auto loans 60,134 1% 4% 9% 6,355 6,230 Credit Cards 45,523 1% 5% 7% Comm Equipment 12,956 1% 10% 2% 4 Others 16,344 (3%) (18%) 2% Total Retail 6,75,546 - 8% 100% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 ETB5 mix in retail portfolio 79% 100% of PL and 75% of Credit Cards portfolio is to salaried segment 77% 67% 55%6 47% 45% Average LTVs:7 63% in overall home loan portfolio 43% in LAP portfolio Personal Loan LAP HL Credit Card SBB Auto loan 1 Basis Bank’s classification of secured, 2 Includes gold loans, 3 Includes LAP in SBB segment of ₹2,918 crs as on 30.06.2026; 4 Others comprise of supply chain finance loans, education loans etc. 5 Existing to Bank (as of May-26) 6 15% of CC acquired in Q1FY27 were through Known to Bank (KTB) channel, 7 LTV on sourcing basis for Q1FY27 QuarterlyResultsQ1FY27 22 Small Business Banking segment All figures in ₹ Crores SBB Portfolio Well diversified customer base2 18% YOY 2% QOQ 11% • ₹79,468 crores overall book with Business Loan (unsecured) book of ₹18,187 crores 23% 79,468 10% 78,018 • ~72% value contribution from Secured products 66,757 17,854 18,187 (working capital, overdraft, term loans, etc.) 2 2 % % 8% 57,219 3% 16,993 • ~₹169 lakh average ticket size disbursed for Working 3% 4% 7% 42,982 14,724 Capital loans1 in Q1 4% 7% 5% 10,316 • ~85% of SBB working capital portfolio is PSL compliant 28,617 6% 6% 60,164 61,281 17,859 6,576 42,495 49,764 • EWS portfolio monitoring indicates risks under control 4,984 32,666 Food and Beverages Infra & Other Construction 22,041 12,875 • ~79% Branch contribution to total business Metal Products & Manufacturing Textile Trade Retail and Wholesale Health Care & Products FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 • 6.69 lakh+ customer base is on increasing trend Industrial Self employed Non Professionals Petro-Chemical and Products Gems & Jewellery Working Capital Business Loans Paper & Paper Products Chemicals 24x7 Business loans : Transport & logistics Hotels Others End to End digital lending contributes ~77% to overall unsecured BL disbursements 1Average excluding ECLGS 5.0; average ticket size including ECLGS 5.0 was ~₹ 71 lakh 2Working capital loans diversification re-classified basis SEG Industry classification QuarterlyResultsQ1FY27 23 Trend in Credit Card issuances Axis Bank Magnus Credit Card Card issuances continue to remain strong In million 1.26 1.24 1.21 1.11 1.10 1.06 1.07 0.96 0.95 0.92 0.77 0.79 0.68 Indian Oil Axis Bank Credit Card Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 16.1 mn+ ~15% ~13.4% ~11.3% Flipkart Axis Bank Credit Card Cards in force, share of KTB1sourcing to total period end market share spends market share 4.1 mn CIF for Flipkart card issuances in Q1FY27 for credit cards in force as in 2M Q1FY27 Axis Bank Credit of May’26 Card 1 Known to Bank QuarterlyResultsQ1FY27 24 Trend in Card spends and POS terminals ‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly Ranked amongst the largest Merchant Acquiring Bank ₹31 crores GMV (Q1FY27) ~0.5 lakh transactions (Q1FY27) led by ‘One Axis’ focus, improved product capabilities and partnerships Trend in Credit Card spends market share Trend in Debit Card spends Market share in POS terminals3 Overall Q1FY27 CC spends at `70,428 crores All figures In ₹ Cr 2nd 2nd 1st 2nd 2nd Rank 22.1% 22.1% 21.4% YOY QOQ 20.1% 11.8% 11.7% 11.2% 11.3% 11.3%1 8,163 8,357 8,280 19.8% 8,026 3% 1% 7,914 87% 86% 85% 87% 87% 2 4% 1% 13% 14% 15% 13% 13%2 1% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Jun'25 Sep'25 Dec'25 Mar'26 May'26 Commerical Spends Retail Spends 1 Market share for 2M Q1FY27 based on RBI reported data as of May’26 2 Based on spends as proportion of total RBI reported spends QuarterlyResultsQ1FY27 25 3 RBI data, as of May’26 Driving the next phase of growth in Bharat through Scale, distinctiveness and sustainable value creation • 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 Well diversified rural lending portfolio with presence …..continue to scale high potential businesses through focused Significant coverage in RuSu Markets… across 685 districts across India execution and digital led process MFI- Retail Rural loans portfolio & composition • Market share gain with expansion through geographical footprint and new 21% CAGR1 (in ₹ Cr) 16% YOY 2,937 product variants • Profitability scale up through best-in-class collection efficiency and improving Bharat Banking branches 118,586 asset quality 117,211 103,512 91,866 Farm Mechanization • Growth led through prime dealerships with faster TAT and digitized journeys 70,918 • Scaling Used Tractor business and be a “One-Stop” solution for dealers 56,332 18,926 43,698 Gold CSC VLEs network • Growth led by Agri, MSME along with branch expansion & digitized journeys • Aligning with Regulatory priorities for sustainable business growth Bharat Enterprises FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 …with steady growth in business… • Focus on diversification to create stable book of MSME and Agri Ancillary • Explore and extend our presence in micro market hotspots for liability and forex 13% 4% 16% Farmer Funding • Increase mix of Agri allied (Dairy, Fishery, etc), KCC and FPO for higher PSL Farmer Finance 35% YOY growth in Rural Advances growth 6% Bharat Enterprises • Unlocking growth through ecosystem funding in farm to fork value chain Gold Social Security schemes 14% MFI-Retail • All products digitized to improve customer experience and adoption MFI-Wholesale & Co-lending • Sourcing through all banking channels depicting “One-Axis” approach Farm Equipment 15% | 4% 28% YOY | QOQ growth in Deposits 1 Mar-21 to Jun-26 QuarterlyResultsQ1FY27 26 We have a very well distributed branch network Branch presence across categories Domestic branch network1 Axis Virtual Centre 7% YOY 6,275 6,295 19% 5,876 31% 5,377 4,903 ~4.2 mn 8 Customer connect 2 Centers 28% 1,700 22% Virtual RMs Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Metro Urban Semi-Urban Rural • Calibrated approach towards new branch additions across focused regions • Connected with ~4.2 mn customers through this channel on an average per month in Q1FY27 • Aligned to our Bharat Banking strategy, specific RuSu branches follow an asset-led liability model • AVC manages relationship with our existing • The Bank further has 315 BCBOs as of 30th June, 2026 customers under affluent and other programs • Dedicated Asset Desk Managers for fulfilment of all loan leads at select branches • AVC is present across West, South, North and East with 8 centres • Select Platinum branches to cater to SBB customer base QuarterlyResultsQ1FY27 27 1 Includes extension counters 2 monthly average for Q1FY27 Corporate & Commercial Banking 38% 25% 27% YOY growth in YOY growth in YOY growth in Corporate loans SME loans Mid Corporate loans 13% 91% 87% YOY growth in Share of corporate Incremental sanctions Transactional Banking fees, advances to clients to A-and above1 forex & trade rated A-and above (for Q1FY27) 13% | 6% 11% 38% YOY growth in CA Foreign LC Market NEFT Market Share deposits on QAB2 | MEB2 Share June’26 3 June’26 3(by volume) 1 in corporate segment for Q1FY27 2 QAB: Quarterly average balance, MEB: Month End Balance Axis Bank Document Classification | Confidentiel 3 Market share based on last twelve month average of RBI’s monthly reported data Strong relationship led franchise driving synergies across One Axis entities… 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 ‘One stop shop’ for Banking needs of Indian Corporates Conglomerates & Large Transaction Banking 1 Corporate • Cash Management • Trade & Supply Chain Mid Corporate • Letter of Credit/ Bank Guarantee Axis Trustee • Bill/ Invoice Discounting • Current Accounts Multi-national • Correspondent Banking • Custodial Services Full Service Loan & Deposits 2 Real Economy Corporate & • Working Capital / Term Loans Commercial A.Treds • Wholesale Deposits Bank Institutional Coverage Treasury, Capital Markets & Investment Banking • Debt Capital Markets (DCM) Government Coverage 3 • Equity Capital Markets (ECM) Axis Capital • M&A & Advisory • Forex & Derivative Solutions Commercial Banking Linkage to RetailBank Axis Finance 4 • Wealth Management – Burgundy / Burgundy Private • Salary Accounts of employees Axis MF Structured Assets Reliable Partner Throughout the Business Life Cycle QuarterlyResultsQ1FY27 29 …with 91% of the book rated A- and above 91% of the corporate loan book is Corporate Loans Overseas corporate loan book rated A- or better In ₹ Cr YOY QOQ • 84% is India linked based on standard book • 69% of book as on 30.06.2026 is rated AA- & above • 98% is rated A- and above based on standard book • 64% of standard outstanding constituted by top 10 conglomerates 434,392 38% 5% 412,943 In ₹ Cr 54,202 110% 26% 42,914 11% 11% 10% 9% 9% 299,393 54,202 278,149 268,334 27,922 26,819 42,914 32,299 31% 3% 370,028 380,190 89% 89% 90% 91% 91% 271,471 25,825 236,035 251,330 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 A- or better BBB and below Overseas Domestic 89% 88% %90% 86% 87% Incremental sanctions to corporates rated A- & above QuarterlyResultsQ1FY27 30 We have a strong Transaction Banking proposition NEFT Volume Payment Market Share IMPS Volume Market Share3 Market Share at Market share at 38% (Jun 261) 27% (Jun 261) Foreign LC Market Share2 BBPS Value Market Share3 Market Share at Market Share at 11% (Jun 261) 16% (Jun 261) RTGS Value Payment Market Share3 GST Payment Market Share4 Market Share at Market Share at 9% (Jun 261) 7% (Jun 261) 3 Current Account Digital Adoption 6%YOY growth in Current Account, Month End 82% Current Account customers Balances (Q1FY27) registered for internet/mobile banking 1 Last twelve month average 2 Foreign LC – SWIFT Watch 3 RTGS/NEFT/IMPS Payment – RBI Report QuarterlyResultsQ1FY27 31 4 GST Payment – Ministry of Finance We remain well placed to benefit from a vibrant Corporate Bond market Placement & Syndication of Debt Issues All figures in ₹ Crores Movement in corporate bonds Amount mobilized / arranged1 Market share and Rank2 14% 14% 13% 12% 1st 1st 12% 47,492 30,703 21.0% 20.8% 51,550 51,938 48,948 48,355 44,352 Q1FY26 Q1FY27 Q1FY26 Q1FY27 #1 Ranked arranger for rupee denominated bonds as per Bloomberg league table Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Top arranger - Investors' Choice for % to Corporate Loans primary issues and Top Sell-side firm in the Secondary Market 1 Only includes the proportion of amount arranged by Axis Bank 2 As per Bloomberg League Table for India Bonds QuarterlyResultsQ1FY27 32 neo by Axis Bank | Empowering Businesses with Cutting-Edge Digital Solutions from Account Opening to Seamless Web & Mobile Experiences Transformational Impact of Neo reflected in …with a fully digital application that sets new standards for the strong product-market fit supported by Highly rated Mobile Banking App seamless and efficient customer onboarding ERP focused solutions and Partnerships 4.6 neo for Corporates Store Rating 4.6 Infiniti 4.6 Eliminate paperwork and People’s Choice onboard customers 6.5K+ 4.3K+ faster, smarter, and more Customers Customers securely. 5.7L+ Widely recognized for product innovation and customer experience… Customers • 1 Lac+ accounts opened using this platform • Digital CIB onboarding throughco-origination journey reduced TAT by 3X Key Milestones - neo for corporates • Integrated APIs digitise every step, reducing account opening time by 50% One platform. One experience. • Platform provides complete visibility of application movement Enabled Complete suite of CA • Future-ready omni-channel & omni-constitution platform. servicing Enhanced Liquidity management with Deposits and eLMS now available on neo for Corporates QuarterlyResultsQ1FY27 33 Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on 30th Jun’26 Total Rank Advances Investments Non-fund based Sectors Value (in % terms) 1. Financial Companies2 1,10,338 35,569 57,688 2,03,595 13.01% 2. Engineering & Electronics 30,003 - 44,458 74,461 4.76% 3. Power Generation & Distribution 44,521 4,494 17,114 66,129 4.23% 4. Real Estate3 58,409 3,014 1,610 63,033 4.03% 5. Trade 46,817 5 12,085 58,907 3.76% 6. Infrastructure Construction4 26,953 3,603 21,282 51,838 3.31% 7. Food Processing 42,339 - 5,330 47,669 3.05% 8. Iron & Steel 29,215 - 15,258 44,473 2.84% 9. Chemicals & Chemical Products 20,119 51 15,473 35,643 2.28% 10. Petroleum & Petroleum Products 22,244 1,183 8,335 31,762 2.03% 1 Figures stated represent only standard outstanding (advances, investments and non fund based) across all segments 2 Includes Banks (32% in Q1FY27 vs 28% in Q4FY26), Non Banking Financial Companies (44% in Q1FY27 vs 42% in Q4FY26), Housing Finance Companies (6% in Q1FY27 vs 5% in Q4FY26), MFIs (3% in Q1FY27 vs 3% in Q4FY26) and others (15% in Q1FY27 vs 22% in Q4FY26) 3 Lease Rental Discounting (LRD) outstanding stood at `38,006 crores 4 Financing of projects (roads, ports, airports, etc.) QuarterlyResultsQ1FY27 34 Strong growth in SBB+SME+MC book despite tightening our risk standards All figures in ` Crores 23% 21% 24% 27%1 CAGR2 20% 19% 306,086 15% 32% CAGR2 247,172 74,999 27% 209,985 58,956 CAGR2 in combined MSME, MC and 171,242 47,579 22% CAGR2 SBB segment 130,355 38,465 151,619 120,872 93,166 28,021 104,016 18,414 86,503 70,689 34% CAGR2 56,527 46,274 58,390 67,344 79,468 9.2% 31,645 18,225 Jun'21 Jun'22 Jun'23 Jun'24 Jun'25 Jun'26 Axis Bank’s Incremental MSME4 market share in last 5 years SBB SME Mid Corporate % of overall loan book 8.1% Axis Bank’s market share as % of SBB+SME+MC book has grown ~1.3x the overall book growth YOY, with ~911 bps overall Industry MSME4 credit3 improvement in contribution mix from 15.2% to 24.3% over last 5 years 1 Considering our SME+SBB+MC book as numerator 2 period for CAGR Jun’21 – Jun’26 3 Based on RBI data as of May26 4 MSME includes SBB+SME+MC SBB: Small Business Banking segment, SME – Small Enterprises Group segment + Medium Enterprises Group segment, MC – Mid Corporate segment QuarterlyResultsQ1FY27 36 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 All figures in ` bn 13% 15% 15% 16% 16% 25% YOY 3% QOQ 87% 85% 85% 84% 84% 1,472 1,516 1,185 Rated on SME 1,037 Model Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 894 67% SME3 or better Others 68% Rated on 74% 80% Large 83% Corporate 33% Model 26% 32% 5% 3% 3% 2% 1% 17% 20% 15% 15% 17% 24% 20% Mar'23 Mar'24 Mar'25 Mar'26 Jun'26 36% 48% 49% 45% 49% 42% 35% 35% 28% 28% 85% of loans were PSL compliant Mar'23 Mar'24 Mar'25 Mar'26 Jun'26 A- and better BBB+ and BBB BBB- Below BBB- 1. CBG / SME advances represent advances of Small Enterprises Group (SEG) segment and Medium Enterprises Group (MEG) segment Note: As per the internal policy, companies in CBG portfolio are being suitably rated under SME ratings model or large corporate ratings model depending on their turnover. QuarterlyResultsQ1FY27 37 SME lending Book by Loan size Well diversified Geographical mix Well diversified Sectoral mix 2% 9% 18% 25% 10% 27% 15% 13% 29% 17% 19% 8% 15% 16% 29% 8% 2% South 2 West 2 East & others 2% Less than 5 cr 5 cr to 10 cr 2% 6% West 1 North 1 North 2 3% 10 cr to 25 cr More than 25 cr South 1 South 3 3% 6% 4% 4% 4% 4% SME book mix (by tenure) Incremental sanctions to SME rated Trade Retail and Wholesale Food and Beverages SME3 & above CRE Textile Engineering Petrochemical and Petroleum Products Services Iron & Steel - Manufacturing 30% 32% 34% Trade Metal and Metal Products Chemicals Drugs and Pharmaceuticals Infrastructure Construction Industrials 87% 87% 89% 70% 68% 66% Others Mar-25 Mar'26 Jun-26 FY25 FY26 Q1FY27 Short term loan Long term loan QuarterlyResultsQ1FY27 38 Digital Banking 98% 92% 46% 66% 48% 74% Digital Credit cards New MF SIP New SA Individual RTDs PL disbursed (end-to-end digital) transactions1 issued2 (Q1FY27) volume (Q1FY27) acquisition3 value (Q1FY27) (in Q1FY27) D2C products 250+ 300+ 4.8 16 Mn+ 480 4,400+ Services on Employee tool Mobile App 4 Mobile Banking Total APIs Robotic automated digital channels Journeys ratings MAU5(Jun-26) processes Transformation 2,500+ 750+ 87% Agile 40%+ 240+ People dedicated to In-house digital New hires6 from Enabled teams Lift of bank Apps on cloud technology agenda banking team6 non-banking with CI/CD, micro- credit model services GINI scores background Capabilities architecture over bureau ~12 Mn+ ~15% Non Axis Bank customers using Axis Contribution of KTB channels to overall Mobile app7 (as of June’26) sourcing of Cards (in Q1FY27) 1Based on all financial transactions by individual customers in Q1FY27 2 through digital and phygital mode 3 Digital tablet based account opening process for Q1FY27 4 on Google Play store 5 Monthly active users 6 Including in-house Digital Banking team from Freecharge 7 Excludes Axis Pay app as it is decommissioned Our digital strategy: open by Axis Bank Open by Axis Bank – A Fully Digital Bank within the Bank Proprietary, distinctive digital A - Distinctive In-house Digital Capability across People, Tech & Processes native capabilities Acquire New Customers at Scale - 48% of retail individual TDs acquired digitally by value 1 Re-imagined & delightful B Become a Digital Consumer Lending Powerhouse customer experience - 74% of PL disbursed digitally 1 Become a Benchmark Digital Bank Globally - ‘Axis Mobile’ is top rated Mobile Banking App Full suite of products and C services Become the Leader in New Platform Businesses - Early leadership in Account Aggregator, ONDC, CBDC, OCEN 1 Data as of Q1FY27 QuarterlyResultsQ1FY27 40 open by Axis Bank is a one stop solution for all the digital banking needs having: Leadership in technology with several We continue to scale up Account Aggregator A B C Distinctive customer experience industry firsts based use cases 5.6x ~1.5 m 76% 1st 99.69% of Branch service request YOY growth in AA3 based Registrations since launch Indian Bank to CIS Score - % volumes covered Personal loans disbursed of ‘One View’ be ISO certified rating for Center for its AWS and of Internet 12 mn+ Azure Cloud Security (CIS) Non-Axis Bank customers using Axis security Benchmark Mobile & Axis Pay apps as of Jun’26 ~ ₹8.1 tn 810 0.01% MB spends in Q1FY27, up UPI-Declines 2 18% YOY Best-in-class - % decline as BitSight 1 rating 16 mn+ remitter (TD) in BFSI Monthly active users on Axis Mobile Banking 67% MB customers banking only on mobile app Store Rating Bank on-the-go with ‘open’ 4.8 Hyper personalized | Intuitive | Seamless 4.8 Among the highest rating of 4.8 on Google Play Store with 3.5 mn+ reviews People’s Choice 1 BitSight Security Ratings as of Jun’26 – higher the rating, the more effective the company is in implementing good security practices 2 As of Jun 26 3 Account Aggregator QuarterlyResultsQ1FY27 41 UPI has scaled up tremendously to become a key channel for customer transactions 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 UPI transaction value and volumes UPI P2M Throughput (as Payer PSP) (in ` crores) 2,789 mn 48% YOY 34% YOY Cumulative VPA base1 25,706 ~ 16.6 mn 24,761 23,400 21,739 580,523 Merchants transacting per day on our stack 17,356 532,618 526,508 48% YOY 473,452 Marque partnerships across the PSP and 433,635 acquiring side 3,373,257 3,137,556 3,065,153 2,591,458 2,279,818 and many othe₹. Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 1 A user registering VPA once in Axis Pay and once in Google Pay is counted as two Quarterly transaction value (in `Cr) Quarterly transaction volume (in mn) Axis Bank continues to maintain leading Position in UPI Payer PSP space with a market share of ~38% by volume in Q1FY27 QuarterlyResultsQ1FY27 42 Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 43 GNPA, NNPA, slippages and credit costs improved YOY GNPA at 1.28% & NNPA at 0.39% Segmental composition Retail CBG WBG Total 1 1 1 1 66% 64% 90% 70% 1.57% 1.46% 1.40% 1.23% 1.28% 1.98% 0.45% 0.44% 0.42% 0.37% 0.39% 0.50% 1.28% 0.67% 0.70% 0.26% 0.05% 0.39% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 GNPA NNPA GNPA NNPA GNPA NNPA GNPA NNPA GNPA % NNPA % Slippages (Annualised) Credit Cost (Annualised) 3.13% 2.11% 2.11% 1.79% 1.63% 2.33% 1.70% 1.05% 1.11% 1.12% 0.70% 0.95% 1.02% 0.92% 0.75% 1.38% 0.73% 0.76% 0.37% 0.63% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Gross Slippages Net Slippages 2 Credit Cost Net credit cost 1 Provision coverage ratio without technical write offs 2 credit cost net of recoveries in written off accounts QuarterlyResultsQ1FY27 44 Detailed walk of NPAs over recent quarters All figures in ₹ Crores Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Gross NPAs - Opening balance A 14,490 17,765 17,308 17,167 16,084 Fresh slippages B 8,200 5,696 6,007 4,675 5,566 Upgradations & Recoveries C 2,147 2,887 2,872 2,662 2,126 Write offs D 2,778 3,266 3,276 3,096 2,399 Gross NPAs - closing balance E = A+B-C-D 17,765 17,308 17,167 16,084 17,125 Provisions incl. interest capitalisation F 12,699 12,194 12,013 11,294 11,932 Net NPA G = E-F 5,066 5,114 5,154 4,790 5,193 Provision Coverage Ratio (PCR) 71% 70% 70% 70% 70% Accumulated Prudential write offs H 44,073 45,333 46,217 44,631 44,647 PCR (with technical write-off) (F+H)/(E+H) 92% 92% 92% 92% 92% Provisions & Contingencies charged to Profit & Loss Account Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Loan Loss Provisions 3,900 2,133 2,307 1,146 2,079 Other Provisions 48 1,414 (61) 2,376 144 For Standard assets1 154 1,5683 (128) 455 195 Others (106) (154) 67 1,9212 (51) Total Provisions & Contingencies (other than tax) 3,948 3,547 2,246 3,522 2,223 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 QuarterlyResultsQ1FY27 45 Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 46 ESG focus continues to have Bank-wide sponsorship Our Purpose Statement: Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet Steady Performance on Global ESG Benchmarks Latest S&P DJSI ESG Environmental Social Governance Score 2025 - 58 ₹61,348 Cr ~2.8 Mn 1st 9th Consecutive year Achieved Under Wholesale Banking Households reached Indian Bank to constitute an on FTSE4Good Index to sectors with positive social and underSustainable Livelihoods ESG Committee of the Board in 2025 environmental outcomes ~5.2 Mn​ 69% ~4.16 Mn women participants in MSCI ESG Ratings microfinance rural lending Proportion of Independent, atAAA in 2025(June) Saplings planted to create Carbon Non-Executive Directors on the Board 30.1% sink for environment Governance Score 81 7.2% Female representation 23% Grade: Leadership inworkforce (Top 7% companies in EV penetration in fiscal Proportion of women the S&P BSE) 2026 (4-W) directors on the Board 1.62 Lakh + 9.01% 98%+ women empowered through Score 69 (Strong financial literacy sessions category) on CRISIL EV penetration in fiscal Eligible Employees trained in PAN India ESG Ratings Jul 2025 2026 (2-W) AML & related laws Rated 18.43 - Low Risk on Sustainalytics 2026 (Jan) Among the top 10 Among top 10 Among Top 10 Among Top 10 Constituents of Nifty100 constituents of S&P Constituents of MSCI India Constituents of S&P BSE ESG Sector Leaders Index BSE 100 ESG Index ESG Leaders Index CARBONEX Index QuarterlyResultsQ1FY27 47 Committed to Positive Climate Action and Achieving the SDGs 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 Our Commitment Unit Achievement as on FY 2026 Incremental disbursement of Rs. 10,000 crores by FY 2024 under Asha • Incremental disbursement Home Loans for affordable housing; increasing share of women borrowers Target achieved in 2024 • Share of women borrowers from 13.9% to 16.9% Incremental financing of Rs. 60,000 Crores under Wholesale Banking to Cumulative Exposure ~₹61,348 Cr1 sectors with positive social and environmental outcomes, by FY 2030 Making 8% of its retail Two-Wheeler loan portfolio as electric by FY 2027 EV % as share of 2W & 4W 9.01%2 Making 7% of its Passenger Four-Wheeler loan portfolio as electric by FY loan portfolio (Y) 7.2%2 2027 Scaling down exposure to carbon-intensive sectors, including Coal and Exposure well within FY Progress on Glide Path Thermal Power 2026 targeted cap Reaching 30% female representation in its workforce by FY 2027 Overall diversity 30.1% Planting 8 million saplings by FY 20303 across India towards contributing to Saplings planted ~4.16 million saplings planted creating a carbon sink Initial commitments were achieved before the timeline 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 QuarterlyResultsQ1FY27 48 Sparsh: Building a Customer-Led Growth Engine A bank-wide operating discipline, measured by NPS, powered by AI, delivered at every touchpoint. NPS Digital Enablers NPS momentum reflects improved quality and consistency of customer Sparsh is scaling consistent customer interactions through AI & CX platforms interactions at scale. ADI | Gen AI-powered frontline enablement NPS (Net Promoter Score) movement since inception in Q1’FY23 | Real-time customer visibility Retail Bank Baseline¹: 100 Q1FY27 (June’26): 155 +55 A Generative AI conversational chatbot to instantly assist A single chronological view of customer footprint, across front-line staff with query resolution various channels to improve first-contact resolution 155 150 160 Impact | FY27 YTD Impact | FY27 YTD • ~7.4 Lakh Employee Queries processed in ADI • ~30.9 Lakh Interactions enabled seamless customer 100 100 100 • ~6.4 Lakh AI-Powered Customer Conversations servicing through Kaleidoscope Enabling faster, more consistent frontline responses and Enabling more informed customer conversations, faster issue reducing variability in customer interactions resolution and greater consistency in customer servicing Retail Liabilities Retail Assets Credit Cards Platinum Winner | Infosys Finacle Innovation Awards 2026 Modern Technologies-Led Innovation for ADI (June 2026) ¹ Baseline = AMJ’22 (Q1 FY23) Baseline (Q1 FY23) Q1FY27 Customer Obsession in Action: Building Trust, Deepening Relationships Scaling Personalized Engagement Salary Specials Roadshow Lowering Customer Effort most loved brand (WOW Chronicles) Meeting Customers Where They Work Reduction in Axis Phone Redirections Senior Citizens & NRI | FY27 YTD Sparsh WOW Chronicles scaled the MSME model Strengthening Workplace Banking through on-ground, Enhanced virtual–branch coordination, improving A focused cohort strategy to deepen trust-based across Commercial Banking, deepening relationships contextual engagement at key customer touchpoints. first-time-right resolution and reducing customer relationships with Senior Citizens and NRIs. friction across service journeys. and driving wallet share. MSME Week Impact: 2,000+ customer 1,800+ corporate worksites engaged | 300+ ~65% Reduction in Axis Phone Redirections 256 branches | ~4,100 Senior Citizens engaged | engagements | 200+ ecosystem interactions by leadership-led interactions | ~200 key decision- More customer needs resolved at the first point ~1,900 NRI engaged across exclusive expert-led 50+ senior leaders | 16,000+ colleagues engaged maker meetings of contact over the past 12 months sessions through Live Pulsate QuarterlyResultsQ1FY27 49 Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 50 Continue to create significant value in our key group entities One Axis Group Investment Banking Consumer Retail Fintech Asset Management Trustee TReDS platform Insurance & Inst Equities focused NBFC Brokerage platform Among the prominent MF Among the leaders in AAA rated NBFC with Amongst the leading Amongst the leading One of the major fintech Leading player on 4th largest private players ECM deals segment diversified product offerings bank led brokerage trustees in India players in India TReDs platform insurance company 6 75% 1 (JV Schroders Plc ) 100% 100%2 1 fi 0 rm 0% 100% 100% 67% 19.99% 3 (Co-promoter), Accounting Associate 47% 4 All figures in ` Crores Combined PAT7 of operating subs Total investments7 made Combined networth7 of operating subs 23% CAGR5 15% CAGR5 30% CAGR5 21% YOY 5,311 14,408 2,189 12,517 2,051 3,812 3,812 10,650 1,768 1,591 2,923 8,202 2,622 1,304 2,216 6,409 1,195 4,768 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 FY22 FY23 FY24 FY25 FY26 Q1FY27 (Annualized) 1 25% is held by Schroders Plc 2 Position as on Jun 30, 2026 3 Position as on Jun 30, 2026 and including stakes owned by Axis Capital and Axis Securities 4 47% effective stake held by Axis Group in step down subsidiary (51% stake held by Axis Mutual Fund & 9% stake held by Axis Bank) 5 CAGR for Mar-22 to Jun’26 period 6Based on New Business Premium QuarterlyResultsQ1FY27 51 7 The figures represented above are for the Bank’s domestic group entities as per Indian GAAP, as used for consolidated financial statements of the Group Axis Finance : PAT up 29% YOY, Retail up 22% YOY All figures in ₹ Crores Healthy growth in Assets Under Management Robust operating and asset quality metrics Book Highlights 27% CAGR1 28% YOY CAGR1 YOY 51,592 22% CAGR1 29% YOY AUM 30% 21% 48,175 Retail 45% 22% 42,735 85% of the book is secured 40,142 1,436 34,413 1,211 916 806 24,480 663 610 676 548 475 337 432 364 16,624 189 244 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 Pre-provision profit PAT Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'25 Jun26 Key Highlights AssetsunderManagement Movement Metric Jun’25 Jun’26 RAM4:70% # of Locations / Ees 801 | 1,917 1,188 | 2,414 RAM4:71% 22% 21% GNPA | NNPA (%) 0.91% | 0.35% 1.02% | 0.39% Q4FY26 Q1FY27 CRAR | Tier 1 (%) 19.83% | 13.95% 21.56% | 16.20% 8% 8% ₹ 48,175 ₹ 51,592 52% 52% RoA | RoE (%)2 1.90% | 13.98% 2.00% | 12.88% 19% 18% 3 Retail MSME RE Funding Corporate Lending QuarterlyResultsQ1FY27 52 1 CAGR Calculated from period of FY22 – 26, 2 Includes equity infusion impact, Q1 Annualized; 3 MSME includes RBG, BBG and SME segment as per AFL Annual Report 4 RAM: Retail and MSME 3 Axis AMC : PAT up 3% YOY All figures in ₹ Crores 9% CAGR1 Overall QAAUM 10% YOY AAUM Asset by Class 14% CAGR2 Trend in PAT 3% YOY 359,601 369,030 321,506 335,607 8% 5% 20% 274,265 259,818 241,415 596 501 415 414 357 16% 130 134 51% Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-25 Jun-26 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 2 CAGR (FY22 to FY26) All figures in ₹ Crores Liquid/Money Market Income/Debt Equity Hybrid Passives & Others Major Highlights 7% CAGR1 Equity QAAUM 1% YOY AUM by Geography (Cities) 188,771 188,112 189,747 • 4.4% AUM market share as of Jun’26 180,048 164,981 143,546 • Q1FY27 revenue stood at `354 crores up by 3% 137,074 17% • 56% of overall AUM consists of Equity & Hybrid funds 8% • Among the highest rated customer app on AppStore & 6% 55% PlayStore in AMCs • ~13.5 mn client folios as at of Jun’26 14% Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-25 Jun-26 Top 5 Next 10 Next 20 Next 75 Others QuarterlyResultsQ1FY27 53 1 CAGR for period Mar-22 to Jun-26 Axis Capital : PAT up 72% YOY, Amongst the leader in the Full-Service Investment Banking Investment Banking Highlights Institutional Equities Highlights • Announced Investment Banking transactions across Capital Markets, Private Placement & Advisory in Q1FY27 including 8 ECM & 3 Non-ECM transactions • 309 stocks under coverage (14 new initiations in Q1FY27) • Marquee Transactions include – Craftsman Automation (QIP + Block), • 74% of India's market cap under coverage Emcure Pharmaceuticals (Block), Citius Transnet Investment Trust (InvIT IPO), Bagmane Prime Office (REIT IPO), Altius Telecom Infrastructure Trust (Block), Coal India (OFS) • Active Mandate Pipeline – Axis Capital is well-positioned with a pipeline of 80+ marquee mandates across ECM, M&A, PE/Pre IPO, and InvITs/REITs All figures in ₹ Crores Revenue from Operations Profit After Tax 10% CAGR1 48% YOY 7% CAGR1 72% YOY 259 766 200 705 161 150 521 532 142 441 65 191 38 129 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 1 CAGR (FY22 to FY26) QuarterlyResultsQ1FY27 54 Axis Securities : 10% YOY growth in customer base Total customer base (in mn) 14% CAGR1 10% YOY Major Highlights 7.09 7.19 6.36 6.52 5.55 • 47% of the volumes in Q1FY27 was from Mobile trading 4.86 4.17 • 60% of clients traded through Axis Direct Mobile App in Q1FY27 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'25 Jun'26 All figures in ₹ Crores Profit After Tax Revenue 14% YOY 23% CAGR2 12% CAGR2 8% YOY 1,656 1,513 419 366 301 1,143 724 232 203 662 360 410 89 96 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 1 CAGR for period Mar-22 to Jun-26 2 CAGR for period FY22 to FY26 QuarterlyResultsQ1FY27 55 Axis Trustee: PAT up 37% YOY Major Highlights • New Business contributed 45% of Total Operating Income, supported by 29% YoY Revenue Growth, driven by strong performance across Debenture Trustee, Security Trustee and Escrow Agent businesses • PRISM – Launch of industry first customer portal • Debenture Trustee – No. 2 by AUM and 23% Market Share for Q1 FY27 • Facility Agency - Achieved 36% YOY Revenue Growth, supported by higher GIFT City-linked business volumes • 107% YOY Revenue Growth in Estate and Succession Planning offerings Profit After Tax Revenue 13% CAGR2 14% YOY 15% CAGR2 37% YOY 77 61 58 54 41 48 23 25 25 22 9 16 18 7 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 All figures in ₹ Crores 2 CAGR for period FY22 to FY26 QuarterlyResultsQ1FY27 56 Invoicemart setting a new benchmark in TReDS • A.TREDS Ltd digital invoice discounting platform ‘Invoicemart’ has set a new benchmark by facilitating financing of MSME Progress so far (Jul’17 to Jun’26) invoices of more than ₹3,05,000 crs+ Throughput • Invoicemart has helped in price discovery for MSMEs across 1,100+ locations in India who are now able to get their bills ~ ₹3,05,000 Cr discounted from 74 financiers (banks, NBFC factors and NBFCs) • Invoicemart surpasses 53% women diversity, marking a significant step towards fostering and inclusive work environment Invoices Discounted (in No’s) ~ 60Lakh • Won “Best Fintech Company of the Year - TReDS Platform" at the 5th MSME & Startup Innovation Summit, New Delhi • Being ISO 27001:2022 and ISO 27017:2015 recertified demonstrates the strength and maturity of our Information Security and Participants on-board Cloud Security practices ~ 70,500 All figures in ₹ Crores 67% CAGR1 Revenue 20% YOY 85% CAGR2 Profit After Tax 18% YOY 124 92 44 38 56 18 32 16 29 35 11 12 7 -5 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 1 CAGR for period FY22 to FY26 QuarterlyResultsQ1FY27 57 2 CAGR for period FY23 to FY26 Throughput Invoices Discounted (in No’s) ~ ₹2,50,000 Cr ~ 52 Lakh FreechargeBiz: Focus on Profitability and Scaling Lending & Financial Services Businesses BC - Merchant Business BC - Consumer Payments & Financial Services •Continue to scale Unsecured Business Loan business – grew by 60% in • Microfinance (MFI) business continues to scale – now stable across 220 Q1 FY27 vs Q4 FY26. locations PAN-India. • Over 19% growth in UPI GMV in Q1 FY27 vs Q4 FY26. •Maintaining over 99% collection efficiency in Micro Loans – one of the best in the industry. • Launched ATM cash withdrawal via UPI – enabling FreechargeBiz UPI users to withdraw cash from an ATM via UPI. •Controlled expansion of Secured Loan (Micro Loan Against Property) with focus on process stabilization and eventual scale up; Will continue to focus on scaling throughout the year. QuarterlyResultsQ1FY27 58 Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information QuarterlyResultsQ1FY27 59