bearish

Axis Bank Ltd

Axis Bank Incubates a New Entrepreneur -- Its Head of Retail Branches

471 Views20 Mar 2024 12:07
SUMMARY
  • Sudden resignation of Ravi Narayanan Group-Head in charge of retail branches, retail liabilities and third party products as he wishes to pursue entrepreneurship.
  • Possible explanation is that the bank like other banks is finding it difficult to raise retail deposits and pressure is building up on senior management
  • Bank has a high LDR and reportedly the banking regulator is demanding the bank to lower its LDR. This will have consequences on future loan growth or on NIM
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Hemindra Hazari
Specialist in Indian Banking and Economic Research
IndiaFinancialsEquitiesESGThematic (Sector/Industry)
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