AXIS/CO/CS/61/2017-18

26^th April, 2017

The Assistant Vice President (Listing & Compliance)

National Stock Exchange of India Limited

Exchange Plaza, 5th Floor

Plot No. C/1, "G" Block

Bandra-Kurla Complex

Bandra (E), Mumbai - 400 051                                                    Attn.: Shri Avinash Kharkar                     

The Deputy General Manager (Listing)

BSE Limited

1st Floor, New Trading Ring, Rotunda Building

P. J. Towers, Dalal Street 

Fort, Mumbai - 400 001                                                              Attn.: Shri Bhushan Mokashi

Dear Sir(s),       

SUB: _ OUTCOME OF 175^TH BOARD MEETING OF AXIS BANK LIMITED HELD ON 25^TH APRIL 2017 AND 26^TH APRIL 2017

REF: SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS")

Further to our intimation letter dated 26^th April 2017 on the captioned subject.

With reference to the RBI circular no RBI/2016-17/283 DBR.BP.BC.No.63/21.04.018/2016-17 dated April 18, 2017 relating to Disclosure in the "Notes to Accounts" to the Financial Statements- Divergence in the asset classification and provisioning, the modifications pointed out by RBI in the Banks asset classification and provisioning as on 31^st March 2016, have been disclosed in the notes to Accounts in respect of the Annual Financial Statements for the financial year ended 31^st March 2017.

Further, some details on this disclosure is part of the Analyst Script uploaded in our website today. The link to this script is https://www.axisbank.com/shareholders-corner/financial-results-and-other-information/call-transcript#/

You are requested to take note of the above and arrange to bring this to the notice of all concerned.

http://www.rns-pdf.londonstockexchange.com/rns/4596D_-2017-4-26.pdf

Kindly acknowledge receipt.

Thanking You.

Yours sincerely,

For Axis Bank Limited

Girish V Koliyote

Company Secretary