India is much less impacted by some of these global factors, and I think our key relationships across the world are working in our favour.In quite a few families, the new generation wants to be on the investment side and have professionals manage the business. The problem is volatility, the bankruptcy Bill, the fact that I could lose my business, the fact that in this environment should I put large bucks (in business) as I did in the past is what they need to be cognizant of.Credit and deposit growth rates have now converged, as sustained divergence wasn’t feasible. Retail growth may return as the cycle stabilises and consumption picks up, with some banks signalling a rebound.Axis Bank is a bit cautious, as risk-taking demands clarity, real growth numbers which will impress you, I would say it is still a couple of quarters away.Over 3-4 years, our growth matched ICICI’s; only in the last 2-4 quarters have they outpaced us.
Author: Saloni Shukla and Sangita Mehta
Published at: 2025-06-29 19:08:26
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