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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The two-term CEO’s push for market share has imperilled the bank and his own future. RBI may be running out of patience.
Alarm bells should be ringing in and around Axis Bank right now. The credit-to-deposit ratio of India’s third-largest private bank currently sits at a worrying 93%. This is 13 percentage points higher than the industry average of 79%, and 6 percentage points more than its nearest rival, ICICI Bank. Similarly, the share of unsecured loans in the bank’s retail book has gone up by 5 percentage points in just the last two years. That is not a good place to be in.
Simply put, for every Rs 100 it gets as deposits, Axis Bank has lent out Rs 93, leaving …
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
