Rs. 36,800 Mn
Primary Product:
–
Secondary Product:
–
Date:
Mar 2022
Primary Product
M&A
Secondary Product
M&A
Date
Mar 2022
Primary Product
M&A
Secondary Product
M&A
Date
Mar 2022
One of the largest transactions in Indian banking space involving acquisition of a scaled up affluent and profitable franchise in line with Axis Bank’s premiumization strategy that provides Axis Bank access to:
-
- High quality asset base of Rs. 274 billion across Credit Cards, Mortgages, Personal & Ready Credit Loans, Asset Backed Finance and Small Business Banking
-
- Largest credit card portfolio issued by a foreign bank in India consolidating Axis’ position as a top 3 credit card issuer by enhancing its credit card portfolio by 57%
-
- Granular deposit base of Rs. 502 billion with ~81% CASA contribution and strong corporate salary relationships
-
- Strong wealth management franchise with total AUM aggregating Rs. 1,109 billion catering to UHNI and HNI customers – accelerates Axis Bank’s growth plans with the combined business emerging as the 3rd largest wealth manager in India in combination with Axis Bank’s Burgundy franchise
-
- Approximately 1.2 million retail bank customers with attractive demographic profile, long relationship vintage and high lifetime relationship value
- Experienced leadership and diverse talent pool with deep domain knowledge
The transaction offers significant potential for revenue and cost synergies with meaningful cross-sell opportunities and infrastructure optimization.
Axis Capital acted as a Financial Advisor to Axis Bank for the acquisition of Citibank’s Indian Consumer Banking Business; extending comprehensive transaction support including for opportunity assessment, deal structuring, negotiations, due diligence coordination and transaction documentation, besides assisting in overall transaction process management.
Transactions
Rs. 123,250 Mn
Primary Product:
M&A
Secondary Product:
M&A
Date:
Mar 2022
Rs. 75,000 million
Primary Product:
M&A
Secondary Product:
PE Buy Out
Date:
Dec 2020
Undisclosed
Primary Product:
M&A
Secondary Product:
Restructuring
Date:
Jul 2020
Rs. 97,600 Mn
Primary Product:
M&A
Secondary Product:
M&A
Date:
Mar 2019
3,982 million
Primary Product:
M&A
Secondary Product:
M&A
Date:
April 2019
Undisclosed
Primary Product:
M&A
Secondary Product:
M&A
Date:
June 2019
35,300 million
Primary Product:
M&A
Secondary Product:
M&A
Date:
August 2019
Undisclosed
Primary Product:
M&A
Secondary Product:
M&A
Date:
April 2020
908 million
Primary Product:
M&A
Secondary Product:
M&A
Date:
March 2021
67,076 million
Primary Product:
M&A
Secondary Product:
M&A
Date:
March 2022
15,556 million
Primary Product:
M&A
Secondary Product:
M&A
Date:
May 2022
3,080 million
Primary Product:
M&A
Secondary Product:
M&A
Date:
May 2022
3,440 million
Primary Product:
M&A
Secondary Product:
M&A
Date:
August 2022