'Axis Bank conducted a conference call on 17 October 2024 to discuss the financial results for the quarter ended September 2024. Amitabh Chaudhry, MD & CEO of the bank addressed the call:
Highlights:
Bank has delivered steady operating performance led by higher growth across focus business segments and sequential improvement in key return ratios.
Bank’s Balance Sheet crossed Rs 15 lakh crore end September 2024.
Consolidated ROA% at 1.92% improved 9 bps yoy and 22 bps qoq. Consolidated ROE was at 18.08%, rising 140 bps qoq.
Deposits increased 14% yoy and new customer acquisitions moved up 24% yoy.
The Bank is well capitalized with a CET 1 ratio of 14.12% with net accretion of 6 bps in Q2FY25 and 38 bps in H1FY25 period.
The bank stays focussed on three core areas of execution of GPS strategy namely becoming a resilient, all-weather franchise...
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