Axis Bank Limited — Updates, 16-01-2025: Press Release

**Press Release Summary:**

Axis Bank reported a strong performance for its latest quarter, with the net interest income rising by 9% year-on-year (YOY) to ₹13,606 crore and a net profit of ₹6,304 crore, reflecting a 4% YOY increase. The operating profit surged by 15% YOY. The bank's consolidated return on assets (ROA) and return on equity (ROE) stand at 1.71% and 15.8%, respectively. Total deposits saw a 9% growth YOY, with term deposits growing by 14%. Retail and SME loans increased by 11% and 15% YOY, showing robust demand in these segments. On the digital front, Axis Bank maintains a leading position in UPI transactions, holding around 30% market share. New initiatives include a climate loan partnership worth $500 million and the launch of the ARISE Women’s Savings Account. The bank continues to strengthen its capital base, with a capital adequacy ratio of 17.01%. Overall, the outlook remains positive, driven by various strategic growth initiatives and a solid balance sheet.