REG - Axis Bank Ltd Axis Bank Ltd (144A) - Revised Press Release and Investor Presentation

Axis BankAnnouncement

24/01/2023 07:01

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RNS Number : 6097N  Axis Bank Limited  24 January 2023

 

AXIS/CO/CS/520/2022-23

 
 

January 23, 2023

 

Dear Sir(s),

 

SUB:   REVISED PRESS RELEASE AND INVESTOR PRESENTATION ON FINANCIAL RESULTS
FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2022.

 

We refer to our letter no. AXIS/CO/CS/523/2022-23 dated January 23, 2023
informing about the financial results along with press release and investor
presentation for the quarter and nine months ended December 31, 2022.

 

We would like to draw  reference to following statement given in paragraph
on Provisions and Contingencies on page 3 of the press release for the Bank's
Q3FY23 financial results "The Bank holds cumulative provisions (standard +
additional other than NPA) of Rs. 5,012 crores at the end of Q3FY23. In
this regard, the amount of cumulative provisions (standard + additional other
than NPA) in the said statement should be read as Rs. 11,633 crores instead
of Rs. 5,012 crores.

 

Further, the amount of Home Loans outstanding and LAP outstanding as on
December 31, 2022 on slide 22 of the Investor Presentation for Q3FY23 should
be read as Rs. 1,47,366 crores and Rs. 44,491 crores respectively.

 

Revised press release and investor presentation are attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/6097N_1-2023-1-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6097N_1-2023-1-23.pdf)

 

This is for your information and records.

 

Thanking you,

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

 

Encl: As above

 

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