Axis Bank has clarified that recent reports on the sacking of employees were part of the annual appraisal process. MD Amitabh Chaudhry on Thursday clarified that “exits are sometimes inevitable” as reports of the termination of 100 senior employees surfaced.
“As is the case in any organisation, we conduct a detailed appraisal cycle at the end of each financial year,” ET cited MD Amitabh Chaudhry as saying.
“Many employees are rewarded and promoted, while some may fall short in terms of performance, leading to difficult conversations. The banking industry faces varied challenges across different sectors, with some businesses thriving, while others are under pressure. The bank continues to heavily invest in certain areas, and depending on individual performance, exits are sometimes inevitable. This is a regular part of our annual cycle.”
Axis Bank Q4 Results 2025
For the January-March 2025 quarter, Axis Bank reported a flat YoY net profit of Rs 7,117 crore. Its operating profit grew by 2% YoY to Rs 10,752 crore. The bank’s Q4FY25 Net Interest Margin (NIM) stood at 3.97%, improving by 4 bps QoQ. Operating revenue saw a 4% YoY growth, reaching Rs 20,590 crore, up from Rs 19,855 crore in the same period last year.
Axis Bank also announced a final dividend of 50%, or Re 1 per share with a face value of Rs 2. This dividend is subject to approval at the next annual general meeting.