FY 2023-24

In FY 2023-24 Axis Bank Limited spent ₹217.42 crore on CSR against a 2% obligation of ₹267.15 crore, and set aside ₹51.24 crore for ongoing projects.

Period: Apr 2023 - Mar 2024.

• Obligation (2% rule): ₹267.15 crore
• Spent in the year: ₹217.42 crore (projects ₹217.2 crore, admin overheads ₹0.05 crore, impact assessment ₹0.17 crore)
• Set aside for ongoing projects (Unspent CSR Account): ₹51.24 crore
• Transferred to a Schedule VII fund: ₹0 crore
• Spent above this year's obligation (money set aside counts as spent): ₹1.51 crore
• Environment spend: not disclosed

Main programmes

• Axis Bank Foundation Mission 2 Million: 0.38 million participants in FY24, 1.7 million cumulative
• Axis Sachetana financial literacy: 1.7 lakh women in 23 states/UTs
• NISM financial literacy: 500 sessions in 393 colleges, ~38,000 students
• Kalanjiam Foundation financial inclusion: ~1.2 lakh participants in 50 blocks, 14 districts, 5 states
• Odapada block, Dhenkanal (Odisha) with Tata Steel Foundation: 240 children enrolled in government schools
• Centres of Excellence with Assam Rifles / Indian Army and NIEDO: 252 students coached
• Scholarships: Ashoka University 66 women scholars, Plaksha University 30 students; IISc Centre for Mathematics and Computing under way
• Free paediatric cardiac surgeries in Chhattisgarh, Haryana, Maharashtra (Sri Sathya Sai Health & Education Trust): 175 children, Rs 2.62 crore

Trees and greening

• ~1.33 million saplings planted cumulative across 7 geographies by 31 March 2024 (target 2 million trees by 2027)
• Miyawaki plantations supported in Navi Mumbai region

States: Odisha, Chhattisgarh, Haryana, Maharashtra, Punjab, Karnataka.

Implementing agencies: Axis Bank Foundation, Tata Steel Foundation, NIEDO, Kalanjiam Foundation, NISM, Ashoka University, Plaksha University, IISc, Sri Sathya Sai Health & Education Trust, Green Yatra Trust.

Source: S3 Integrated Annual Report 2023-24 - Statutory reports section, pages file pp 20-23 (printed 202-204), 59-60 (printed 240-241)