RBI, govt in right direction to keep economy moving, says Axis Bank CEO

Bandhan Bank MD and CEO Chandra Shekhar Ghosh said the rural and semi-urban segments present huge opportunities for the banking industry

The Reserve Bank and the government are in the right direction to keep the economy moving and signs of revival in the banking industry are visible with people starting to repay their liabilities, Axis Bank MD and CEO Amitabh Chaudhry said on Tuesday.

"We have gone through two phases of concession being given to the borrowers with the moratoriums, now we are in the so called restructuring phase.

"The numbers are trending in the right direction, that means the customers do realise that they do need to pay. Many customers who have taken moratorium or who were worried about this