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AXIS Bank Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The results for the Quarter ended June 30, 2008

The Bank has posted a net profit of Rs 3301.40 million for the quarter ended June 30, 2008 as compared to Rs 1749.80 million for the quarter ended June 30, 2007. Total Income has increased from Rs 18792.90 million for the quarter ended June 30, 2007 to Rs 28912.40 million for the quarter ended June 30, 2008.

AXIS Bank Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on June 06, 2008, inter alia, have accorded to the following:

1. The payment of dividend at 60% (i.e. Rs 6/- per equity share) has been approved.

2. Shri. N C Singhal, Shri. J R Varma and Shri. R B L Vaish retired by rotation and were reappointed as Directors.

3. M/s. S R Batliboi & Co. were reappointed as the Statutory Auditors of the Bank for the year 2008-09.

4. Shri. K N Prithviraj who was appointed as an Additional Director by the Board w.e.f. January 09, 2008 was appointed as a Director by the shareholders.

5. Subject to approval of Reserve Bank of India, the remuneration payable to Shri. P J Nayak as Chairman & CEO of the Bank, w.e.f. April 01, 2008 was approved.

6. A resolution pursuant to section 81 and all other applicable provisions of the Companies Act, 1956 author the Board of Directors of the Bank to issue, offer and allot additional 79,70,000 equity stock options convertible into Equity Shares to the present and future employees and Whole-time Directors of the Bank under the Employee Stock Option Scheme (ESOS).

AXIS Bank Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 06, 2008, inter alia, have approved borrowing an amount of upto Rs 6520.24 crores in one or more tranches by way of Upper Tier II Capital in Indian / Foreign Currencies and / or Lower Tier II Capital in the form of Sub-ordinate Debenture.

AXIS Bank Ltd has informed BSE that the Committee of Directors of the Bank on June 05, 2008 has made the allotment of 1,45,611 equity shares of Rs 10/- each to the employees of the Bank, under ESOP.

The paid up share capital of the Bank will accordingly get increased to 35,85,64,531 equity shares from 35,84,18,920 equity shares.

AXIS Bank Ltd has informed BSE that the Committee of Directors of the Bank on May 14, 2008 has made the allotment of 6,54,773 equity shares of Rs 10/- each to the employees of the Bank, under ESOP.

The paid up share capital of the Bank will accordingly get increased to 35,84,18,920 equity shares from 35,77,64,147 equity shares.

AXIS Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on April 21, 2008, inter alia, has recommended a dividend of Rs 6.00 per share (60%) for the year ended March 31, 2008 (previous year Rs 4.50 per share (45%)), subject to the approval of the members at the ensuing Annual General Meeting.

AXIS Bank Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Bank has posted a net profit of Rs 3614.00 million for the quarter ended March 31, 2008 as compared to Rs 2118.90 million for the quarter ended March 31, 2007. Total Income has increased from Rs 16426.10 million for the quarter ended March 31, 2007 to Rs 25719.00 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Bank has posted a net profit of Rs 10710.30 million for the year ended March 31, 2008 as compared to Rs 6590.30 million for the year ended March 31, 2007. Total Income has increased from Rs 54717.60 million for the year ended March 31, 2007 to Rs 88008.00 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a net profit of Rs 10591.40 million for the year ended March 31, 2008 as compared to Rs 6542.50 million for the year ended March 31, 2007. Total Income has increased from Rs 54715.50 million for the year ended March 31, 2007 to Rs 88010.00 million for the year ended March 31, 2008.

AXIS Bank Ltd has informed BSE that the Committee of Directors of the Bank on April 19, 2008 has made the allotment of 54,478 equity shares of Rs 10/- each to the employees of the Bank, under ESOP.

The paid up share capital of the Bank will accordingly get increased to 35,77,64,147 equity shares from 35,77,09,669 equity shares.

AXIS Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 21, 2008, inter alia, to consider the following:

1. To consider and take on record the Audited Annual / Unaudited Quarterly Financial Results for the year / quarter (Q4) ended March 31, 2008.

2. To declare dividend for the financial year 2007-08, if any.

AXIS Bank Ltd has informed BSE that the Committee of Directors of the Bank on March 19, 2008, has made the allotment of 68,980 equity shares of Rs 10/- each to the employees of the Bank, under ESOP.

The paid up share capital of the Bank will accordingly get increased to 35,77,09,669 equity shares from 35,76,40,689 equity shares.