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Axis Bank - Prudent Approach, Strategic Initiative To Drive Sustainable, Superior Returns: ICICI Securities

Axis Bank - Prudent Approach, Strategic Initiative To Drive Sustainable, Superior Returns: ICICI Securities

Exterior of an Axis Bank branch. (Photo: BloombegQuint)
Exterior of an Axis Bank branch. (Photo: BloombegQuint)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

We interacted with the senior management of Axis Bank Ltd. Prudent and conservative path to cushion volatility and deliver superior return on equities was evident from -

  1. Not chasing growth - lending to right segments at a right price;
  2. more focus on risk adjusted return on capital than book growth in corporate banking; and
  3. carrying forward Covid-19 buffer and utilising it in extreme contingencies.

Few encouraging strategic initiatives include -

  1. Re-oriented corporate structure and leveraging Axis One platform;
  2. preparing itself for a huge opportunity in government business;
  3. change in mindset and technology-led structural transformation in micro small and medium enterprise business.

Click on the attachment to read the full report:

ICICI Securities Axis Bank Company Update.pdf

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