Generally, when new management steps in, some amount of kitchen-sinking is anticipated. It happened with State Bank of India and more recently with YES Bank. Whereas with Axis Bank, the experience has been different.
Ever since Amitabh Chaudhry formally took charge in January as MD and CEO of Axis Bank, the stock has gained over 18 per cent — the highest among private sector banks. This has prompted investors to question if the stock has reacted too much and too fast. Though key issues such as asset quality, the share of well-rated corporates to the overall loan book and ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.
What you get?
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all the content on any device through browser or app.
- Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
- 18 years of archival data.
- Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
- This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information