Here’s a concise summary of Axis Bank’s fundamentals as of the most recent available data (FY 2023-24). Please note that values might have slightly changed depending on the latest quarterly results.
🏦 Axis Bank – Company Overview
- Founded: 1993
- Headquarters: Mumbai, Maharashtra
- Type: Private Sector Bank
- CEO & MD: Amitabh Chaudhry
- Market Cap: Approx. ₹3.5–4 lakh crore (varies with market)
- NSE/BSE Code: AXISBANK
💰 Key Financials (FY 2023–24)
| Metric | Value |
|---|---|
| Net Interest Income (NII) | ₹51,569 crore |
| Net Profit | ₹23,344 crore |
| Total Assets | ₹14.86 lakh crore |
| Net Interest Margin (NIM) | ~4.05% |
| Gross NPA | 1.43% |
| Net NPA | 0.36% |
| Provision Coverage Ratio | 81% |
| Return on Equity (ROE) | 17.51% |
| Return on Assets (ROA) | 1.84% |
| Capital Adequacy Ratio | 17.63% (well above regulatory norms) |
| CASA Ratio | ~44% |
📈 Stock Performance (1-Year)
- 52 Week High/Low: ₹1,180 / ₹905
- Current Price (as of June 2025): ₹1,120 approx
- P/E Ratio: ~14.5
- Price to Book (P/B): ~2.2
🧾 Recent Developments
- Strong Q4 FY24 results with significant profit jump YoY.
- Continuous reduction in NPAs – healthy asset quality.
- Focus on digital banking and expanding retail loan book.
- Acquired Citibank India’s consumer banking business (completed in 2023), boosting its credit card and wealth management operations.
📊 Strengths
- Strong brand and wide retail presence
- Good digital infrastructure and tech adoption
- Healthy growth in retail and SME loans
- Robust risk management and improving asset quality
⚠️ Risks & Weaknesses
- Sensitive to RBI’s rate changes (impacts NIM)
- Exposure to corporate loans (can add volatility)
- Competitive private banking space (HDFC Bank, ICICI Bank, Kotak, etc.)
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