FY 2022-23

In FY 2022-23 Axis Bank Limited spent ₹172.31 crore on CSR against a 2% obligation of ₹199.46 crore, and set aside ₹29.61 crore for ongoing projects.

Period: Apr 2022 - Mar 2023.

• Obligation (2% rule): ₹199.46 crore
• Spent in the year: ₹172.31 crore (projects ₹171.61 crore, admin overheads ₹0.59 crore, impact assessment ₹0.11 crore)
• Set aside for ongoing projects (Unspent CSR Account): ₹29.61 crore
• Transferred to a Schedule VII fund: ₹0 crore
• Spent above this year's obligation (money set aside counts as spent): ₹2.46 crore
• Environment spend: not disclosed

Main programmes

• Axis Bank Foundation Mission 2 Million sustainable livelihoods programme (target 2 million rural households by 2027)
• Axis DilSe in Assam, Arunachal Pradesh, Manipur, Nagaland, Sikkim and Odisha; Lyzon Friendship School, Manipur (Sunbird Trust), 430+ students
• Hummingbird School, Majuli, Assam (Ayang Trust), 250 children; flood resilience work
• Centres of Excellence with Indian Army and NIEDO: 90 students mentored
• Sikkim: upgrade of 50 government primary schools with 17,000 Ft Foundation
• Odapada block, Dhenkanal with Tata Steel Foundation: libraries in ~165 schools
• Scholarships: Ashoka University 78 women, Plaksha University 26 students; IISc partnership started
• Axis Sachetana reached over 1.1 million women in 24 states; 20 mobile digital literacy vans with CSC Academy; NISM college programme; Axis Evolve MSME programme in 20 cities

States: Assam, Arunachal Pradesh, Manipur, Nagaland, Sikkim, Odisha.

Implementing agencies: Axis Bank Foundation, Sunbird Trust, Ayang Trust, NIEDO, 17,000 Ft Foundation, Tata Steel Foundation, Ashoka University, Plaksha University, CSC Academy, NISM.

Source: S4 Annual Report 2022-23 - Statutory reports section, pages file pp 18-20 (printed 97-99), 51-52