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Axis Bank conducted a conference call on 24 Jul 2024 to discuss the financial results for the quarter ended June 2024. Amitabh Chaudhry, MD & CEO of the bank addressed the call:
Highlights:
Bank continued on the path of becoming a resilient all-weather franchise, delivering higher growth across focused granular business segments.
The bank gained market share in digital channels and products, and improved on key operating and earnings metrics that are best-in-class now.
The bank continues to build long-term competitive advantage with investment in technology and analytics with some cutting-edge use cases in Gen AI and financial crime intelligence.
The bank is well capitalized with a CET 1 ratio of 14.06% with net accretion of 32 bps in the quarter.
The bank stay focused on three core areas of execution of GPS strategy namely becoming a resilient, all-weather franchise, creating multiplicative forces to build competitive...
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