Axis Bank shareholders have a crucial deadline approaching as the bank announces its final dividend for the fiscal year. Here's what investors need to know:

Dividend Announcement

• Last Day to Buy: July 3 is the final day to purchase Axis Bank shares to qualify for the dividend.
• Dividend Amount: The bank has declared a final dividend of Re 1 per share.
• Ex-Date: The ex-dividend date is set for July 4, after which new buyers will not be eligible for this dividend payout.

Q4 Financial Performance

Axis Bank has released its fourth-quarter results for the fiscal year, showing resilience in a challenging economic environment:

• Net Profit: The bank reported a marginal decline of 0.17% year-over-year in net profit, which stood at Rs 7,117.50 crore.
• Provisions: Provisions saw an increase of 15%, rising to Rs 1,359.00 crore.
• Net Interest Income: There was a 6% growth in net interest income, reaching Rs 13,811.00 crore.

Financial Highlights

Examining the latest quarterly financial data provides additional insights into Axis Bank's performance:

The bank's performance shows:

• A steady increase in revenue, growing by 5.65% compared to the same quarter last year.
• Improved operational efficiency, with operating profit rising by 7.08%.
• Stable net profit, with only a marginal decrease of 0.17% year-over-year.
• A slight dip in Earnings Per Share (EPS) from Rs 23.11 to Rs 22.99.

Operational Efficiency

Axis Bank's Operating Profit Margin (OPM) for the quarter stood at 52.72%, showing a minor improvement from 52.01% in the same quarter of the previous year. This indicates the bank's ability to maintain its operational efficiency despite challenging market conditions.

Conclusion

As Axis Bank prepares to distribute its final dividend, the financial results demonstrate the bank's resilience in maintaining profitability and operational efficiency. Shareholders looking to benefit from the Re 1 per share dividend should ensure their purchases are completed by July 3. The bank's ability to grow its revenue and operating profit, while keeping net profit stable, suggests a focus on sustainable growth amidst evolving market dynamics.

Axis Bank , one of India's leading private sector banks, has announced an increase in ATM transaction fees for its Savings and Trust account holders, set to take effect from July 1, 2025. This move will impact a wide range of customers, including those in the Priority and Burgundy segments who do not meet specific Total Relationship Value criteria.

Fee Increase Details

The bank has revealed that financial transactions exceeding the free limit at both Axis Bank and non-Axis Bank ATMs will see a price hike. The new fee structure is as follows:

This ₹2.00 increase represents a 9.52% rise in transaction costs for customers who exceed their free transaction limits.

Affected Accounts

The fee hike will apply to:

• All Savings accounts
• NRI accounts
• Trust accounts

Impact on Premium Customers

It's worth noting that this change will also affect Priority and Burgundy segment customers who do not meet the Total Relationship Value criteria set by the bank. This suggests that maintaining a higher account balance or overall relationship value with the bank could potentially exempt customers from these increased fees.

Preparing for the Change

While the implementation date is still over a year away, Axis Bank customers should take note of this upcoming change. Account holders may want to:

1. Review their ATM usage patterns
2. Explore alternative transaction methods (e.g., mobile banking, net banking)
3. Consider maintaining higher account balances to potentially qualify for fee waivers

As banks continue to adjust their fee structures, customers are advised to stay informed about changes to their account terms and explore the most cost-effective ways to manage their banking needs.