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Axis Annual Report 2022-23

About Axis Bank

A Future Powered
by ‘Open’

We believe in embracing new opportunities and paving the way for sustainable growth. Our diversified and integrated banking model is designed to combine financial strength, trust, and innovation to help our customers, employees and our communities to overcome challenges and reach their goals.

As India’s third-largest private sector bank in terms of total assets, our wide network reaches over a billion Indians, covering every major region in the country, including the hinterlands. With One Axis, we offer the entire spectrum of financial services to varied customer segments. We have empowered people and used technology to deliver delight to our customers all over India and reached a strong financial position.


To be the preferred financial services provider excelling in customer service delivery through insight, empowered employees, and smart use of technology

GPS Strategy




Strategic Pillars

Customer Centricity

Tech-led Banking

Bharat Banking

Distinctive Solutions

Empowered Employees

One Axis Ecosystem

Retail Banking

Our retail franchise is focused on deepening our connect with individuals, small businesses and Bharat customers by offering innovative products and transformation initiatives, through our branches and mobile app.

Products and services

Loans, savings and retail term deposits, credit, debit and forex cards, bill payment services, wealth management and third-party products distribution such as life and non-life insurance, mutual funds, government bonds, etc.


in CASA y-o-y


Growth in Retail
loan book y-o-y


Growth in Burgundy
Private AUM y-o-y
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Wholesale and Commercial Banking

We meet the banking needs of Indian corporates and MSMEs, leveraging our strong value proposition in transaction banking and digital transformation.

Products and services

Loans, current and corporate term deposits, payments, trade finance products, letter of credits, bank guarantees, foreign exchange, derivatives, cash management services and commercial cards.


Growth in Domestic
Corporate loans y-o-y


Growth in Mid-corporate
book y-o-y


Growth in SME loan
book y-o-y
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One Axis

Under the ‘One Axis’ umbrella, we provide comprehensive products and solutions through our business segments and subsidiaries

Products and services

Investments, broking, asset management, insurance, MSME digital invoice discounting platform, trustee services and payments in addition to services provided by banking segments.


Total investments
in subsidiaries


Combined net worth of
domestic subsidiaries

`1,304 crores

Combined net profit of
domestic subsidiaries
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Above are standalone figures as on/for year ended March 31, 2023 unless otherwise mentioned

What’s New?

Our new 'Priority' and 'Silver Linings' product propositions focus on lifestyle, travel, health and investment benefits. We have also launched new co-branded credit cards with Samsung and Indian Oil.