Brief: Axis Bank Exec Says Keen To Increase Stake In Max Life Insurance

Max Financial Services

23/01/2023 13:13

Jan 23 (Reuters) - Axis Bank Ltd  AXBK.NS :
    * AXIS BANK EXEC: BROAD BASED GROWTH IN COPORATE LOAN
GROWTH;
DEMAND COMING FROM SECTORS INCLUDING RENEWABLES, HEALTH CARE AND
COMMERCIAL REAL ESTATE
    * AXIS BANK EXEC: PRICING OF CORPORATE LOANS HAS IMPROVED
COMPARED
TO A FEW QUARTERS AGO
    * AXIS BANK EXEC: WE HAVE SEEN SOME WEAKNESS IN MORTGAGE
LOAN
GROWTH IN Q3; EXPECT IT TO PICK UP FROM Q4
    * AXIS BANK EXEC: WE HAVE INCREASED PROVISIONS AS A PRUDENT
MEASURE; NO PARTICULAR SECTOR THAT IS SEEING MORE STRESS
    * AXIS BANK EXEC: WE ARE COMFORTABLE WITH OUR CAPITAL
POSITION NOW
AND WE MAY LOOK AT RAISING CAPITAL AFTER THE CITI DEAL IS
COMPLETED
    * AXIS BANK EXEC: KEEN TO INCREASE STAKE IN MAX LIFE
INSURANCE
    * AXIS BANK EXEC: SEEING GOOD IMPROVEMENT IN MICROFINANCE
DISBURSALS AND EXPECT IT TO KEEP UP
    * AXIS BANK EXEC: INCREASED PROVISIONS IN Q3 WERE ON SOME
LARGE
ACCOUNTS

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Further company coverage:  AXBK.NS 
 ((Reuters.Briefs@thomsonreuters.com;))