SEMINAR AND TERM PAPER

PROJECT REPORT ON
ANALYSING THE FINANCIAL PERFORMANCE OF AXIS
BANK
Submitted for the partial fulfilment of the requirements for award of Degree of

BACHELOR OF BUSINESS ADMINISTRATION (HONOURS)

Under Supervision Of

Dr. Ritesh Omre (Assistant Professor)

Submitted By

Shambhavi Sharma (Y23180542)

BBA-III Semester

Department of Business Management

Dr. Harisingh Gour University, Sagar (M.P.), INDIA
(A Central University)
(Duration:2024-2025)

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 DECLARATION

I hereby declare that the project report on Analysing The

Financial Performance of Axis Bank under the guidance of
Dr. Ritesh Omre, Department Of Business Management. Dr.
Hari Singh Gour Central University, Sagar, Madhya Pradesh is
my own work and the same has not been submitted for the award
of any other Degree/Diploma/fellowship or other similar titles
and prizes.

PLACE: SAGAR SHAMBHAVI SHARMA

(Y23180542)
DATE: _________ BBA-III Semester

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 CERTIFICATE

This is to certify the Shambhavi Sharma has worked for his BBA
project report on Analysing The Financial Performance of
Axis Bank in partial fulfilment of the degree of Bachelor of
Business Administration (Honours). She has completed her
project under my supervision. Her work is original, satisfactory
and is not submitted anywhere else for the award any degree. I
hereby forward this project and wish her success in future
endeavour.

Signature of the Supervisor

.

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 ACKNOWLEDGEMENT

First and foremost let me sincerely thank ALMIGHTY for the

great opportunity and blessings that he has showered up on me
for the successful & timely completion of my project work. It is
a great opportunity for me to express my sincere thanks to
Professor Y.S Thakur, Head, Department Of Business
Administration, Dr Hari Singh Gour Central University, Sagar,
(M.P). I would like to pay my special gratitude to Dr Ritesh
Omre, who supervised my work, and for her valuable guidance
and constant encouragement throughout my project work. I am
very thankful to the all respected faculty members of the
department , who supported me in the preparation of my project.
Finally I want to thanks my parents, my friends without whom
the completion of my project would not have been possible.

SHAMBHAVI SHARMA
(Y23180542)
BBA-III Semester

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 PREFACE

I’m glad to present this assignment to Dr. Ritesh Omre. This

assignment is about the Financial Analysis of Axis Bank.I am
Pleased to present the project report on Financial Analysis Of
Axis Bank before my respected readers. It is a humble attempt
from my part to study about the financial analysis. This study
deals with a number of topics such as introduction of bank and
about its financial performance. which will help the reader
understand and learn a lot. Language of the report is simple and
lucid. Attempts have been made to arrange the subject matter in
a systematic and well knit style. Efforts have also been made to
deal with all topics precisely and gently.

SHAMBHAVI SHARMA
(Y23180542)
BBA-II Semester

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 TABLE OF CONTENTS

➢ COVERPAGE………………………………….………….…...I
➢ DECLARATION…………………………..…….….………....II
➢ CERTIFICATE………………………….…….…………….. III
➢ ACKNOWLEDGEMENT……………….…….……………. IV
➢ PREFACE………..…………….……………....……………....V

TOPIC NUMBER TOPIC NAME PAGE NUMBER

CHAPTER-1 INTRODUCTION 7-15

1.1 About Axis Bank 7

1.2 Company Profile 8-9

1.3 Promoters 10

1.4 Product/ Service Profile And Area Of Operation 11

1.5 Swot Analysis 12

1.6 Financial Statement Of Axis Bank 13-14

CHAPTER -2 CONCEPTUAL BACKGROUND AND 15-16

LITERATURE REVIEW
2.1 Theoretical Background Of The Study 15

2.2 Literature Review 16

CHAPTER-3 RESEARCH DESIGN 17-18

3.1 Problem Statement 17

3.1 Need Of Study 17

3.1 Objective Of Study 17

3.1 Scope Of The Study 17

3.2 Research Methodology 18

3.2 Limitation Of The Study 18

CHAPTER-4 DATA ANALYSIS & INTERPRETATION 19-20

CHAPTER-5 FINDINGS , SUGGESTION & CONCLUSION 21-22

CHAPTER-6 REFRENCES 23

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 INTRODUCTION

Axis Bank third largest private bank in India and one of the most prepared loan provider
with anetwork of over 2400 branches and over 12900 ATMs across India. The bank began
itsoperation in 1994 Was promoted by top insurance company in century. The bank a host
ofretail and corporate banking, lending, investments, advisory and treasury services. It
alsoundertake lending to SMEs, agriculture loan and micro Financing services.

Modern banking in India originated in the mid of 18th century. Among the first bank were
the bank of Hindustan, which was establish in 1770 ABD liquidated 1829-32;and the general
bank of India , establish in 1786 but failed in 1791.The history of banking began with the
first prototype bank which were the merchant of the world, who gave grain loan to farmers
and trader who carried good between cities. This was around 2000 BC in Assyria, India and
Sumeria.

Industry Profile:

The finance department is the savior of any frontier economy. It is one of the key
monetaryrelated pillars of the monetary component, and it bears the basic work in economic
operations. For a country's monetary improvement, it is vital that its exchange, industrial and
agricultural financing needs are subject to higher obligations and obligations. Therefore, the
improvement of a country is bound to be related to the development of the banking industry.
In the frontier economy, banks shouldn’t be seen as cash merchants, but should be seen as
pioneers of progress.

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 COMPANY PROFILE

Axis Bank is the third largest private sector bank in India. The Bank offers the
entirespectrum of financialservices to customer segments covering Large and Mid-
Corporates, MSME, Agriculture and RetailBusinesses.

The Bank has a large footprint of 4,758 domestic branches (including extension counters)
with
10,990 ATMs & 5,972 cash recyclers spread across the country as of 31stMarch 2022. The
Bank has 6 Axis Virtual Centers with over 1,500 Virtual Relationship Managers as of 31st
March 2022. The Overseasoperations of the Bank are spread over eight international offices
with branches in Singapore, Dubai (atDIFC), and Gift City-IBU; representative offices in
Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK. The
international offices focus on Corporate Lending, Trade Finance, Syndication, Investment
Banking, Liability Businesses, and Private Banking/Wealth Management offerings.

Axis Bank is one of the first new generation private sector banks to have begun operations in
1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of
India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India
(LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The
New India Assurance Company Ltd., The Oriental Insurance Company Ltd., and United
India Insurance Company Ltd.

The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity
established in 2003.

Type Private

Traded as BSE: 532215

LSE: AXBC
NSE: AXIS BANK BSE SENSEX
Consistent
NSE NIFTY 50 consistent

ISIN INE238A01034

Industry Financial Services

Founded 3 rd December 1993; 30 years ago as UTI
Bank

Headquarters Axis House, Mumbai, Maharashtra, India

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Number of Locations 4903 (March 2023)

Key People Amitabh Chaudhry (MD & CEO) Shri

Rakesh Makhija (Chairperson)

Products Banking, Commodities, Credit cards,

Equities Trading, investment management,
Mortgage loans, Mutual funds, Private
Equity, Risk management, Wealth
Management, Asset Management.

Revenue ▲106,155 crore (US$13 billion) (2023)

Operating income ▲ 33,796 crore (US$4.2 billion) (2023)

Net income ▼₹10,818 crore (US$1.4 billion) (2023)

Total assets ▲1,344,418 crore (US$170 billion) (2023)

Total equity ▲129,356 crore (US$16 billion) (2023)

Owner Life Insurance Corporation (9.19%)

Specified Undertaking of Unit Trust of
India (SUUTI) (4.68%) General Insurance
Corporation of India (1.15%)
The New India Assurance Company
Limited (0.74%)

Number of employees 91,898[3] (as of March 2023)

Subsidiaries Axis Asset Management Company Ltd.

Axis Mutual Fund Trustee Ltd. Axis
Capital Ltd.
Axis Finance Ltd. Axis Securities Ltd. A.
TREDS Ltd.
Axis Bank UK Ltd.
Axis Trustee Services Ltd.
Free charge Accelyst Solutions Private Ltd.
Axis Private Equity Ltd. [4]
Capital ratio 9.35% (December 2019)
Website www.axisbank.com

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 PROMOTERS

Sl.no. Person Designation

1 SANJIV MISHRA CHAIRMAN

2 AMITABH CHAUDHARY MANAGING DIRECTOR & CEO

3 V.R. KAUNDINYA DIRECTOR

4 PRASAD R. MCNON DIRECTOR

5 SAMIR K. BARAU DIRECTOR

6 SOM MITAL DIRECTOR

7 ROHIT BHAGWAT DIRECTOR

8 USHA SANGWAN DIRECTOR

9 S. VISHVANATH DIRECTOR

10 RAKESH MAKHIJA DIRECTOR

11 KETAKI BHAGWATI DIRECTOR

12 B. BABU RAO DIRECTOR

13 V. SRINIVASAN DEPUTY MANAGINGDIRECTOR

14 RAJIV ANAND EXECUTIVE DIRECTOR

( RETAIL BANKING )

15 RAJESH DAHIYA EXECUTIVE DIRECTOR

(CORPORATE CENTER)

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 PRODUCT/SERVICE PROFILE AND AREA OF
OPERATION

Axis Bank is the third biggest exclusive monetary establishments in India. It offers a wide
scope ofbudgetary items and administrations to singular clients, huge and mid-corporates,
MSME, Farming and Trade Businesses. It has in excess of 3,510 local offices and more than
13,940 ATMs the nation over. Bank likewise has abroad branch in Singapore, Hong Kong,
Dubai (at the DFIC), Shanghai and Colombo;delegate workplaces at Dubai, Abu Dhabi,
Dhaka and Sharjah.
The item and administrations palette of it incorporates individual advance, Master cards,
training credit, vehicle advance, business advance, fixed store and that's only the tip of the
iceberg.

Other items are:

Occupational Credit
Car Advance
Credit Card
Debit Card
Educational Loan
Gold Loan
Home-based Loan
Personal Loan
Fixed Deposits
Savings Deposits

Administrations presented via bank:

Personal Lending
Corporate Funding
NRI Investment
Priority Banking
VBV - Cyber buys utilizing Advance Card
VBV/MSC - Virtual buys utilizing Debit Card

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 SWOT ANALYSIS

The next is the Strengths, Weakness, Opportunities and Threats (S.W.O.T) Analysis of Axis
Bank:

STRENGTHS
 It has a decent picture among urban population.

 It is enlisting a decent development in the Indian financial area.

 An immense arrangement of item and administrations offered by the Bank.

 Decent entrance in the country zones has supported the business.

 One of a biggest PVT. Area fund in India for Crop Growing advances alongside
RetailSector andCorporate Motives.

 Excellent online administrations offered by Axis Bank like net

banking,Versatileapplications and so on.

 Good publicizing and brand practice have helped the brand develop.

WEAKNESSES
 Lesser no. of branches contrasted with its rivals.

 Axis Bank has restricted piece of the overall industry inferable from huge challenge in
the financial fragment.

OPPORTUNITIES
 Expansion in rustic regions can enable Axis To bank develop.

 Going to outside business sectors and investigating the new economies.

 It can tap the on-screen development in the Indian financial division advancing their
applications.

THREATS
 New banking licenses allotted by the Reserve Bank of India

 Foreign bank entering to India can lessen nearness of it.

 Opponent banks expanding their exercises in India.

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 FINANCIAL STATEMENT OF AXIS BANK LTD.
Operating Performance

Operating revenue increased by 22% Y-o-Y (year-on-year) from `59,089 crores in fiscal 2023 to `72,336 crores in fiscal 2024. Net
interest income (NII) rose 16% from `42,946 crores in fiscal 2023 to `49,894 crores in fiscal 2024. Non-interest income consisting
of fee, trading and other income increased by 39% from `16,143 crores in fiscal 2023 to `22,442 crores in fiscal 2024. Operating
expenses (excluding exceptional items for fiscal 2023) grew 30% from `27,040 crores in fiscal 2023 to `35,213 crores in fiscal
2024. As a result, the operating profit grew by 16% to `37,123 crores from `32,049 crores reported last year. Provisions and
contingencies increased by 53% from `2,653 crores in fiscal 2023 to `4,063 crores in fiscal 2024.There was a charge in the Profit
and Loss Account for fiscal 2023 of `12,490 crores towards exceptional items arising from the acquisition of Citibank India
Consumer Business. As a result, on a reported basis the net profit for fiscal 2024 increased by 160% and stood at `24,861 crores,
as compared to the net profit of `9,580 crores last year.
Net Interest Income`

NII constituted 69% of the operating revenue and increased by 16% from `42,946 crores in
fiscal 2023 to `49,894 crores in fiscal 2024. Yield on assets increased by 96 bps while cost
of funds increased by 97 bps. NIM improved 5 bps on a year on year basis to 4.07% in
fiscal 2024.
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 Balance Sheet Parameters

Total assets increased by 12% to `1,477,209 crores as on March 31, 2024 from `1,317,326 crores on March
31, 2023, driven by 14% growth in advances and 15% growth in investments.

Liabilities and shareholder’s funds

Shareholder’s funds of the Bank increased from `124,993 crores as on March 31, 2023 to `150,235
crores as on March 31, 2024. This is mainly on account of profits earned during the year.

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 CONCEPTUAL BACKGROUND AND LITERATURE
REVIEW

THEORETICAL BACKGROUND OF THE STUDY

The money-related component is one of the most important tools for national improvement,
including a fascinating location on the national economy. Through the soundness of the
monetary system, the country's currency-related progress is clear. Relaxing regulation of the
budget market, propaganda campaigns, and fiscal changes have seen fundamental changes in
the banking industry triggering incredibly powerful and imaginative improvements that
incite another period of banking. From now on to the foreseeable future, every bank is
striving to keep its budget strong, operational and applicable. Bank of India is India's leading
financial intermediary and has added an extraordinary foundation during global budget
catastrophe; this is apparent from the annul credit improvements and profits. Improvements
can be made in two different ways, either characteristic or inorganic. Common advances
have also been suggested as internal improvements, when the association uses one year of
resources to create from its own special business activities to expand the association in the
next year.

This improvement is a constant method that spans two or three years, but companies need to
get quicker. Inorganic advancement is implied as an external improvement and is considered
a faster strategy to create the most supported inorganic improvements that occur when the
association is created by merging or acquiring another business. The core goal behind the
merger is to get a pleasant energy, even if there is more than two, this thinking strategy will
surprise the merger association in the extraordinary event Mergers and acquisitions help the
association gain increasingly significant advantages and cost benefits. In order to expand the
exercise and cut costs, banks are using M&A as a strategy to achieve greater scale, broader
business, faster improvements, and the vitality of the logic center through economies of scale.
Today, people with a lot of cash-independent training need to know the budget
implementation of the banks they own. They can be used as budget agencies, executives,
laborers, owners, credit experts, clients, governments and open to free to move around.

Records and reports in any affiliation will not be publicly executed. It must be inferred by
using the currency reporting review framework. The assurance and use of technology faces
the risk of customer choice. Part of the target and most of the usage system is: proportional
check, cross- checking near clarification check, time game plan check, normal size check.

What is Financial Analysis?

Money related examination includes utilizing monetary information to survey an
organization's act and influence suggestions about how it to can improve going ahead.
Monetary Analysts principally complete their effort in Excel, utilizing a database to examine
authentic information and make forecasts of how they figure the organization will achieve
later on. This project will cover the most widely recognized sorts of money related
examination performed by experts.
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 LITERATURE REVIEW

Pawan and Gourav (2016) this study is related to a comparative study on financial health
ICICI Bank and Axis Bank. Their objective was to measure and compare financial
performance and health of ICICI Bank and Axis Bank. The study concluded that Axis Bank
performed well on earning per share, assets turnover and debt-equity parameters. Overall
performance of Axis Bank is good to compare ICICI bank.

Qasim and Ramiz (2017) After considering the monetary commitments compared to that
period, it shows how financing can provide accessible funds for the near future. Storage
opportunities, including associations, should not have the ability to pay instalments to banks
because of the degree of adjustment of long-distance credit and short-term credit and the lack
of association with the debt structure of the association

Sashwata Chaterjee (2016) Focus on the important of fixed and current resources in the
productive operations of any association. It has a direct impact on interests & stores. There
are surprising facts in the business that most organizations increase their advantage because
of their interests and misfortunes, because this demonstration reflects the working capital of
the transaction. However, if an organization needs to upsurge or expand its reserves, it needs
to establish its working capital.

Bangaru Pushpalatha (2020): Analyzed the financial statement of AXIS Bank. The
objectives of the study are to examine the portfolio of assets and liabilities in AXIS Bank.
The study reported that AXIS Bank has healthier management and financial efficiency. It is
also reported people refer to AXIS Bank for advance loan schemes

NM Darshan, C Yogashree (2017): The Indian banking sector is exposed to various risks
prevailing in the market like interest rate risk and liquidity risk, etc. For this reason, the
Reserve Bank of India came up with a tool called Asset Liability Management. This study
examines the effect of ALM on the financial performance of AXIS Bank. The key objective
of this study is to know the risk management strategies and the effect of the asset-liability
mix on the financial performance of the bank. The correlation and regression analysis tools
were taken on to set up the relationship and outcome of the ALM on the financial
performance of AXIS Bank. The study found that the quality of assets affects the financial
performance of banks.

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 RESEARCH DESIGN

STATEMENT OF PROBLEM

The title of the project is “Financial Performance Analysis of Axis Bank”. Therefore, a study
of liquidity, profitability, leverage, turnover, operational efficiency, market-based and their
association with risk, and assessing the financial position is very much necessary to evaluate
the financial strength of the banking institution and to know accounting ratios, analysis, and
interpretation. It helps to analyze the financial performance of the concerned Bank.

NEED OF THE STUDY

This requires free market competition between open banks and private banks. Step by step,
the competitiveness from the finance department still exists. By expanding poor resources
and reducing benefits and benefits, these will affect the applicability of commercial banks.
Business banks have assumed a fundamental job in provide guidance to monetary
improvement by cooking the money related necessity of exchange and National industry. By
giving general population savings, commercial banks have ensured capital arrangements.
Banks allocate network investment funds to the classification area and then allocate them
according to the needs of experts arranged nationwide, which can be distributed among
unique currency activities.
“Banks are not just the protected store vaults of these reserve funds, they accept the general
financial framework anyway, and they also open stores during their lending activities. In any
case, the necessary capabilities of the broker are favorable device arrange men ban.

OBJECTIVE OF THE STUDY

 To study the overall monetary performance of Axis Bank (2023-2024)

 To evaluate the Bank's financial position in terms of solvency, profitability, liquidity,
and efficiency.
 To offer suitable suggestions for improving the performance of the bank

SCOPE OF THE STUDY:

 The contemporary survey selects exclusive branch banks to assess budget execution.
 The study will also be limited by the availability and reliability of data sources, which
will be carefully selected and verified to ensure the accuracy and validity of the
analysis.
 The main scope of the review is part of the investigation of real work engagement.

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RESEARCH METHODOLOGY

The data collected from various sources and presented in the form of materialistic
information is known as Research methodology. Research methodology is a systematic way
to solve any research problem. It may be understood as a science of studying how research is
done scientifically.
The methodology of the study includes:
 Research design
 Data collection
 Sampling design
 Tools used for analysis
 Period of the study

LIMITATIONS OF STUDY:

 Ratios are based only on the information which has been recorded in the financial
statements.
 The inherent limitation of the secondary data may affect the observation analysis and
findings made in this study.
 It is not possible to use all types of statistical tools and techniques.
 This study is related to monetary matters only.

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 DATA ANALYSIS AND INTERPRETATION

 Operating revenue increased by 22% Y-o-Y (year-on-year) from `59,089 crores in

fiscal 2023 to `72,336 crores in fiscal 2024. Net interest income (NII) rose 16% from
`42,946 crores in fiscal 2023 to `49,894 crores in fiscal 2024. Non-interest income
consisting of fee, trading and other income increased by 39% from `16,143 crores in
fiscal 2023 to `22,442 crores in fiscal 2024. Operating expenses (excluding
exceptional items for fiscal 2023) grew 30% from `27,040 crores in fiscal 2023 to
`35,213 crores in fiscal 2024. As a result, the operating profit grew by 16% to `37,123
crores from `32,049 crores reported last year. Provisions and contingencies increased
by 53% from `2,653 crores in fiscal 2023 to `4,063 crores in fiscal 2024.There was a
charge in the Profit and Loss Account for fiscal 2023 of `12,490 crores towards
exceptional items arising from the acquisition of Citibank India Consumer Business.
As a result, on a reported basis the net profit for fiscal 2024 increased by 160% and
stood at `24,861 crores, as compared to the net profit of `9,580 crores last year.

 NII constituted 69% of the operating revenue and increased by 16% from `42,946
crores in fiscal 2023 to `49,894 crores in fiscal 2024. Yield on assets increased by 96
bps while cost of funds increased by 97 bps. NIM improved 5 bps on a year on year
basis to 4.07% in fiscal 2024

 Total assets increased by 12% to `1,477,209 crores as on March 31, 2024 from
`1,317,326 crores on March 31, 2023, driven by 14% growth in advances and 15%
growth in investments.

 Shareholder’s funds of the Bank increased from `124,993 crores as on March 31, 2023
to `150,235 crores as on March 31, 2024. This is mainly on account of profits earned
during the year.

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Page 20 of 23
 FINDINGS, SUGGESTIONS AND CONCLUSION

FINDINGS

The net profit of AXIS BANK stood at Rs 263,862 m in FY24, which was up 143.9%
compared to Rs 108,185 m reported in FY24. This compares to a net profit of Rs 141,193 m
in FY22 and a net profit of Rs 71,955 m in FY21. Over the past 5 years, AXIS BANK''s net
profit has grown at a CAGR of 94.3%..
The ratio/financial analysis of AXIS BANK reveals:

 Net interest margin increased from 3.8% in FY23 to 3.9% in FY24.

 Net profit margins grew from 12.4% in FY23 to 23.4% in FY24.
 Debt to Equity ratio for FY24 stood at 8.3 as compared to 8.9 in FY23.

Here's the ratio/financial analysis of AXIS BANK for the past 5 years

SUGGESTIONS

 The Axis Bank must take necessary measures to improve its current assets and reduce
its advances and current liabilities.

 In comparison with other banks, the performance of AXIS bank is quite good but not
as effective as its competitors.

 The Axis Bank must concentrate on improving its fixed asset value.

 The Axis Bank must concentrate on improving its net profit value.

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 CONCLUSION

A financial analyst can adopt the following tools for analysis of the financial statement.
These are also termed methods of financial analysis. The banking sector is one of the core
sectors in the economic development of India. The purpose of the study is to concentrate on
the financial performance analysis of Axis Bank. This study attempted to find out whether
Axis has performed well or not. The main objective of the study is to evaluate the risk
exposure of the bank in the last five years and to predict the future performance of the bank.
The overall financial performance of Axis Bank for the period of 2019-2023 is discussed
here. Based on the findings of the study it can be concluded that financial ratios can help
institutions to determine their financial strength. It can also help present shareholders and
prospective shareholders or investors to make sound decisions to hold shares, buy additional
shares, or sell the shares. In addition to this, it also shows how the management is
performing based on the shareholder's or investors' inputs. It also helps to forecast the future
performance.

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 REFRENCES

 https://ijrpr.com/uploads/V5ISSUE5/IJRPR27055.pdf

 https://www.axisbank.com/annual-reports/2023-2024/index.html

 https://www.axisbank.com/shareholders-corner/shareholders-information/annual-
reports

 https://gscen.shikshamandal.org/wp-content/uploads/2023/07/12.pdf

 https://www.axisbank.com/docs/default-source/press-releases/press-release-
q2fy25.pdf

 https://en.wikipedia.org/wiki/Axis_Bank

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