Q1-FY24 · Puneet Sharma
We have now consistently delivered an ROE in excess of 18% over the last four quarters through disciplined execution.
AXISBANK / language trends
Read confidence between the lines.
Axis Bank · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q1-FY24 · Puneet Sharma
We are not walking away from that guidance.
Q1-FY24 · Arjun Chowdhary
We are certainly not looking at it as a devaluation. We are looking at it as a segmentation of our product line, more aligned to the high spenders.
Q1-FY25 · Amitabh Chaudhry
The Q1 FY25 annualized net credit cost is not reflective of the credit cost we believe as a franchise we can run through the full year because it's impacted by timing differences.
Q1-FY25 · Amitabh Chaudhry
We have now operated at a 25 basis points squeeze in our through-cycle margin for a couple of quarters. We will make all efforts to ensure we retain as much of the margin as we possibly can.
Q1-FY25 · Puneet Sharma
We do not need equity capital for either pillar [growth or protection].
Q1-FY26 · Puneet Sharma
We do not provide quarterly margin guidance. Our stated position is we are confident that we can deliver a 3.8% margin on a two-cycle basis.
Q1-FY26 · Puneet Sharma
We can confirm to you that this was not regulatory-led.
Q1-FY26 · Amitabh Chaudhry
We believe large, well-capitalized banks like Axis, with strong digital capabilities, innovative product suites, are best placed to capitalize on the India opportunity.
Q2-FY24 · Amitabh Chaudhry
The current level of 18%+ ROE is delivered at a much lower risk-weighted asset intensity than in the past. This has helped the bank become self-sufficient on capital.
Q2-FY24 · Puneet Sharma
Our marginal cost of funding has stabilized, so at the margin, we're not seeing an increase in deposit expenses. The base book will continue to reprice. The pace of repricing of the base book should slow down as we get into the subsequent quarters.
Q2-FY24 · Amitabh Chaudhry
We have no intention of releasing our COVID provisions. We will keep it for a future rainy day.
Q2-FY25 · Puneet Sharma
We do not need equity capital for either pillar [growth and protection].
Q2-FY25 · Puneet Sharma
I do believe that MSME will be what Retail was, or MSME will be, over the next decade, what Retail was in the previous decade.
Q2-FY25 · Puneet Sharma
We will do what's in the best interest of our shareholders.
Q2-FY26 · Puneet Sharma
This is not an asset quality problem. This is a PSL classification question, not an income recognition or an asset classification question.
Q2-FY26 · Puneet Sharma
We do not need equity capital for either pillar. We may opportunistically evaluate Tier 2 and AT1 instruments based on market conditions.
Q2-FY26 · Amitabh Chaudhry
We wish we had better answers for some of the one-offs, but hopefully, there won't be other one-offs as we look into the future.
Q3-FY24 · Amitabh Chaudhry
We have said that we'll maintain the 400-600 basis point differential between industry and our growth rate. Don't hold us quarter to quarter, but yes, in the medium term, we believe that we can maintain it, and we are not changing it.
Q3-FY24 · Puneet Sharma
We are currently in an environment where we think we will organically continue to accrete capital. ... we still categorically maintain we do not need capital at the current stage and will not be raising.
Q3-FY24 · Amitabh Chaudhry
In a deposit-constrained environment, we will obviously have a waterfall, and in that waterfall, we will push businesses which give us a better return.
Q3-FY25 · Puneet Sharma
We do not need equity capital for either pillar. We may opportunistically evaluate issuing Tier 2 and AT1 instruments based on market conditions.
Q3-FY25 · Amitabh Chaudhry
I do believe that MSME will be what retail was, or MSME will be over the next decade what retail was in the previous decade.
Q3-FY25 · Puneet Sharma
We have priced for this risk that we are seeing manifest today.
Q3-FY26 · Puneet Sharma
We remain confident that we will get to the 3.8 over the duration of reprice of our assets and liabilities.
Q3-FY26 · Amitabh Chaudhry
I'm hoping that in the next 15-18 months, the deposit growth will stabilize at similar levels as credit growth because there is no option.
Q3-FY26 · Puneet Sharma
Retail asset quality is stabilizing as evidenced by the credit card portfolio has seen a YoY improvement across gross slippages, net slippages, gross credit cost, and net credit cost.
Q4-FY24 · Amitabh Chaudhry
We have delivered our aspirational return ratios with better quality and consistency of earnings while maintaining a strong balance sheet position.
Q4-FY24 · Puneet Sharma
We reiterate that we do not need equity capital for either pillar. The bank is proposing to take a purely enabling resolution for equity capital and borrowing from its shareholders in the normal course.
Q4-FY24 · Amitabh Chaudhry
We have improved our LCR outflow rates by 500 basis points in the last two years, which is among the best in the sector today.
Q4-FY25 · Amitabh Chaudhry
We have also demonstrated a controlled increase in cost of funds over the last eight quarters, with only seven basis points increase in the last four quarters.
Q4-FY25 · Puneet Sharma
We have said the way we look to we are getting more stringent on how we classify accounts, not upgrade accounts.
Q4-FY25 · Rajiv Anand
I think this is the last set of changes that we are likely to see. Post this, we're largely done.
Q4-FY26 · Amitab Chadri
We have not shifted away from our stance that we expect to deliver 3.8% through the cycle.
Q4-FY26 · Punit Sharma
The construct of this provision is very different from the 512 crores we were holding for expected credit losses.
Q4-FY26 · Amitab Chadri
We are the only ISO 4201 certified BFSI BSI organization globally.