Axis Bank-Citi deal: Will Citi bolster Axis Bank’s fight in the battle of banks?


When compared with peers, Axis Bank looks less appetising with regard to cost of funds, loan growth, corporate non-performing assets (NPAs) and net interest income.

Synopsis

Axis Bank’s takeover of Citi India’s retail banking operation has hogged the limelight. But that deal probably reflects more than just Axis Bank’s plan to expand its credit card and loan book. It is in part a culmination of the efforts the new management team had undertaken over the last four years to recast its growth area. Will this lead to sustained re-rating for Axis?

Axis Bank is not among investor favourites when it comes to top banks. It

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Divyansh Singh

Talks about #technology #innovation #investing and #business.

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