Axis Bank recently addressed rumors about laying off 100 senior employees. The CEO, Amitabh Chaudhry, clarified that there’s nothing unusual about it and explained that it is a normal part of the bank’s yearly review process.
During the Q4 FY25 earnings call, Chaudhry mentioned that the bank asked some employees to leave due to performance issues. He explained that every year, Axis Bank carries out an appraisal process where some employees are promoted or rewarded, while others may not meet the required performance standards, which leads to difficult conversations. This is part of the bank’s usual process, and it doesn’t mean that the bank is facing any financial trouble.
Chaudhry further explained that different parts of the banking sector are experiencing various challenges. While some areas of Axis Bank are growing, others might not perform as well, which is why some employees may leave. He assured that this is a common occurrence and not something out of the ordinary.
Axis Bank Q4 Results for FY25
For the January-March 2025 quarter, Axis Bank’s net profit remained the same as last year at Rs 7,117 crore. However, the operating profit grew by 2% to Rs 10,752 crore. The bank’s Net Interest Margin (NIM) stood at 3.97%, showing a slight improvement from the previous quarter.
Axis Bank Announces Dividend
Along with its financial results, Axis Bank also announced a final dividend of 50%, which is Rs 1 per share, with a face value of Rs 2. This dividend is subject to approval at the next shareholders’ meeting. To be eligible for the dividend, shareholders must be registered by Friday, July 4, 2025.
