Axis Bank CEO Amitabh Chaudhry On $127-Bn FCNR-B Boom, RBI Rate Hike, NIMs & Growth | Exclusive

Axis Bank’s Sparsh Week 2026 initiative, launched in Lucknow, underscores the bank’s commitment to customer-centric service and strategic expansion in Uttar Pradesh, a state currently targeting a trillion-dollar economy. MD and CEO Amitabh Chaudhry highlights the bank's focus on rapid branch growth and engagement across emerging economic corridors. Regarding financial performance, the bank has successfully leveraged FCNR-B inflows to support credit growth and optimize deposit costs, despite temporary pressure on net interest margins. While the transition to the Expected Credit Loss framework looms, the bank maintains robust reserves, minimizing potential capital impacts. Furthermore, the bank is evaluating strategies to increase its stake in Axis Max Life to 30%, aligning with regulatory goals for the insurance entity's eventual listing. These efforts reflect a broader strategy to maintain consistent, market-leading growth in both advances and deposits.