Axis Bank to continue to outperform peers Economic Times
During the fourth quarter, the bank reported a growth of 28% in its loan book, significantly higher than the rate of 17% clocked by the industry, after loan growth had slipped to 12.5% in the quarter-to-December ’09.
Throughout the first nine months of FY10, the bank’s loan growth kept on sliding. There was a sharp turnaround in the March ’10 quarter, as net accretion to the bank’s loan book was Rs 19,573 crore, compared to just Rs 3,726 crore in the previous quarter. The unprecedented growth was on account of a higher pick-up in demand for loans and one-off factors such as an increase in limit utilisation by a few corporates.
Axis Bank has managed to maintain its asset quality by focusing on secured credit, which includes mortgages and auto loans. This goes well
