AMITABH CHAUDHRY

Axis Bank aims for sustained growth through NIM enhancement, market share expansion, and compliance strengthening under CEO Amitabh Chaudhry's leadership.

Axis Bank's board approved the re-appointment of Amitabh Chaudhry as MD & CEO for three more years, subject to RBI approval, effective January 2025. Chaudhry, who joined in 2019, led HDFC Life previously. The bank also re-appointed Meena Ganesh and ...

The 2019 interim budget provided income tax rebate, social security coverage, and railway capex. The latest budget focused on fiscal discipline and ease of doing business. It reduced the fiscal deficit for this year and set lower targets for the nex...

"Our overall capital adequacy ratio, including profit, stood at 17.84 per cent with a CET 1 ratio of 14.56 per cent. The Bank accreted 18 bps of CET-1 capital in Q2 FY24 and 54 bps in H1 FY24. Axis Bank is well capitalised with a self-sustaining cap...

Managing director and CEO Amitabh Chaudhry stated that Axis Bank is aiming to increase small-ticket loans, crop loans to small and marginal farmers, and microfinance business loans for women borrowers from low-income households throughout the year. ...

The country's top bankers have seen their salaries increase exponentially during the fiscal year

Fiscal year 2023 was a breakout year for digital banking platform Axis 2.0 and the early leadership in building proprietary in-house digital native capabilities with full stack engineering, product and a design team of about 400 people have started ...

The MD & CEO of Axis Bank, Amitabh Chaudhry, warns that the banking sector must be ready for upcoming mega trends, which include using data and artificial intelligence (AI) optimally, as well as the impact of millennials and emerging platforms. Whil...

"18% ROE is what we want to aim for. We have never come even close to that number. And you will see over the last couple of quarters we have started hitting that number. Before you say it, yes, it was helped partly by the expansion we got on the ren...

Chaudhry said lenders need to stay vigilant about the economic outlook despite the recent robust growth, as India's post-pandemic rebound loses steam and global economic volatility makes forecasting more difficult, according to the report.

Sustained growth will be facilitated by rising capital spend outlays; underlying assumptions of growth, revenue receipts leave room to absorb impact of potential reversals.

Chaudhry also advised some caution to be exercised by the system as it witnesses a high growth at present, saying decisions made today should not haunt 5-7 years down the line. "... If the deposit growth does not continue, our projection says that c...

Speaking at an event organised by brokerage Motilal Oswal, Chaudhry further said businesses like Unified Payments Interface (UPI) are loss-making and also lack cash flows, and wondered how their valuations keep going up.

Chaudhry said such concentration is leading to pressure on the banking system to invest in technology in order to take care of the macro requirements.

“There are too many global factors at play and for us to say that nothing will impact India will be wrong. We need to be mentally prepared that this global volatility can come and hit India anytime and it could impact our growth rates quite quickly ...

India is witnessing rapid growth in consumer spending and by 2026, it is expected that two out of every three transactions will be via digital modes of payments, Axis Bank Managing Director and Chief Executive Officer Amitabh Chaudhry said.

Private sector lender Axis Bank on Wednesday said government mandates on the payments space ensure that no one can make money in the segment. The bank's chief executive and managing director Amitabh Chaudhry feared that smaller entities will not be ...

Announcing the Rs 12,325-crore deal to acquire Citigroup's India consumer banking business, Axis Bank managing director Amitabh Chaudhry said Citibank's customers will continue to avail all the rewards, privileges and offers to which they were previ...

"In India, we serve a variety of customers. We also serve those who are digital savvy and who would not like to have anything physical but on phone clicks. There are also customers who have financial and digital literacy as a major concern.