Progress Against
Our Strategic Priorities

Targeted Strategies Delivering Performance

With a keen ear to the ground and our eyes on the horizon, we keep adapting to bring the best to our consumers. Guided by the three vectors of Growth, Profitability and Sustainability (GPS), we are deepening our performance driven culture, strengthening our core and building for the future.

In fiscal 2022, we have delivered strong growth across business segments with improved profitability and have built a strong balance sheet with improving return ratios to drive our GPS aspirations. Our digital transformation programmes and investments are leading to higher digital adoption among consumers. ESG is becoming ingrained in our DNA as we have committed to ambitious targets over the next 5 years.

Growth

We remain focused on strengthening our deposits franchise and growth of profitable advances.

5.0%^*

Assets – market share^#

6.0%^$

Advances – market share^#

4.8%^$

Deposits – market share^#

Growing granular deposits:
8.6 million new liability relationships added at yearly highs

Building momentum in our premiumisation drive:
Highest ever Gross mutual fund and alternate investments sales in wealth management

15%

3-year CAGR in CASA deposits

16%

Growth in CASA deposits in fiscal 2022

46%

Increase in New mutual fund SIP sales

Strategic shift towards high yielding products in Retail segments: Well diversified and ~80% secured loan book with significantly high proportion of ETB and salaried consumers. During the year, Bank had optimised the business mix to improve risk-adjusted returns.

18%

3-year CAGR in retail advances

18%

Growth in Home Loans in fiscal 2022

29%

Growth in Loan Against Property in fiscal 2022

16%

Growth in unsecured personal and credit card loans in fiscal 2022

Wholesale Banking: Strengthening our transaction banking proposition and investing in technology-led solutions to drive our market share.

10.6%

Foreign LC market share

75%

Trade finance book growth (GIFT City) in FY 2021-22

18%

Market share in India Bonds

Digital CIB
platform (2.0)

Integrated and fully digitised stack

One Axis subsidiaries: Delivering solutions across the consumer value chain under our ‘One Axis’ vision.

51%

3-year CAGR in subsidiary profits

54%

Return on Investment in domestic subsidiaries in fiscal 2022

* Based on March 2021 data
$ Based on March 2022 data
# Source: RBI Report

Profitability

Best in class asset quality and improving returns in fiscal 2022: Drop in slippages and NPAs, moderation in credit costs and limited restructuring; diversifying into fee- and commission-based offerings and driving cost reduction through IT automation and cloud migration.

3.47%

NIM

2.82%

Gross NPAs

75%

Provision Coverage Ratio

12.91%

RoE

Sustainability

Building advanced digital and analytics capabilities: Better targeted cross-sell and stronger personalisation of our service offerings.

~76%

New hires from digital non-banking background

350+

In-house development team

ESG has corporate sponsorship: The first financial institution in India to have a standalone Environmental Social and Governance (ESG) Committee at the Board level.

780/900

BitSight Rating, demonstrating highest level of performance on cybersecurity

‘A’

MSCI ESG Ratings in 2021

B-

CDP Score in 2021

We are constituents of leading ESG Indices

FTSE4Good Indices

by FTSE Russell for five consecutive years

Amongst Top 10

in S&P BSE 100 ESG Index and the MSCI India ESG Leaders Index

NIFTY100

ESG Sector Leaders Index.

Above are standalone figures as on/for year ended 31 March, 2022 unless otherwise mentioned