Axis Capital Limited

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Axis Bank Ltd
Rs. 123,250 Mn

Primary Product

M&A

Secondary Product

M&A

Date

Mar 2022
Axis Bank Ltd
Rs. 123,250 Mn

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

Rectangle 18371 (2)
Rs. 36,800 Mn

Primary Product: 

Secondary Product:

Date:

Mar 2022
Rectangle 18370 (1)
Rs. 123,250 Mn

Primary Product: 

M&A

Secondary Product:

M&A

Date:

Mar 2022
Rectangle 18369
Undisclosed

Primary Product: 

M&A

Secondary Product:

PE Buy Out

Date:

Dec 2020
Rectangle 18368
Deal value

Primary Product: 

M&A

Secondary Product:

Restructuring

Date:

Jul 2020
Rectangle 18367
Rs. 97,600 Mn

Primary Product: 

M&A

Secondary Product:

M&A

Date:

Mar 2019