Shri V Srinivasan Curated
Deputy Managing Director - Axis Bank
CURATED BY :
How FII's look at higher provisioning, banks coming down? Does capital raiing becomes easier?
Are you not worried about the overall consumption slowdown and when do you see the science of recovery?
What are your reviews on rate transmission fears with reagrd to nbfc, realestate and secure credit, FBI tax.
whenever rates have come down substancially, what has been your experience in terms of demands of loan?
Do you see any slowdown in cross bank, fmcg auto or the entire state beacause of lots of management commentary?
Are you seeing some sort of stress building up in the infra sector?
In terms of incremental investment demand, it continues to stay muted. What I have on my books in terms of infrastructure sector, the steps taken by the government are in the right direction. I believe that this is going to be useful in terms of the sector coming out in a much better shape over the course of the next few quarters
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How much of your loan book is linked to the base rate? How much impact will the base rate change have on margins?
Roughly 82% of our loan book is based on the base rate. All banks have lowered their base rate on the back of easy liquidity and lower deposit rates. So, I have been passing on the benefit of lower cost of funds through reduction in base rate. I believe that our margins are unlikely to change materially on the back of a base rate change.
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How do you see the pick-up in home loans, especially after a cut in base rates?
I expect the demand in the second half to be higher than the early part of the year on account of the festive season and lower rates. In the first half, credit growth in the retail segment was about 26%. I believe that for the full year, the credit growth in the retail would be around 25%.
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When do you see capex cycle turning around and corporate loans picking up?
I think it does not switch on and off in any one quarter. As we approach the new financial year and rates sort of come down a bit more, I think you would see a lot more risk appetite in terms of investment. So, we should wait towards the end of this fiscal or the early part of next fiscal to see some investment demand
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What is your guidance on stressed assets?
At the beginning of the year, my initial guidance was for incremental stressed asset creation to be lower than last year and credit cost of around 90 bps. My guidance for the full year remains unchanged at the end of Q2.
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