Mumbai: Private sector lender Axis Bank on Wednesday reported a 26% fall in its September-quarter net profit to ₹5,090 crore due to a one-time standard asset provision impact. A poll of analysts by Bloomberg had estimated a net profit at ₹5,838 crore. The lender had reported a net profit of ₹6,918 crore in the year-ago … Read more
Amitabh Chaudhry, MD & CEO, Axis Bank, remains confident about gaining market share and says that Axis, one of the largest private sector banks in the country, is due for a rerating. Chaudhry says the bank is expanding the physical infrastructure and spending a lot of money digitally to ensure that “we can reach out … Read more
NEW DELHI: India is at the fag end of the interest rate cut cycle, but the era of 10-12 per cent interest rates on fixed deposits is never going to come again. That was the message from Amitabh Chaudhry, MD and CEO of Axis Bank on Thursday. In order to cushion the impact of Covid-19, … Read more