New private capex cycle has well and truly begun: Axis Bank's Rajiv Anand

'We are seeing a fair amount of activity in renewables, city gas distribution, and roads'

Axis Bank is on track to meet the legal date 1 deadline on the Citi transaction, which is March 2023, Rajiv Anand, deputy managing director, tells Manojit Saha in an interview. Edited excerpts:

Do you see any impact on loan dem­a­nd due the sharp rise in interest rates?

What we have seen so far is interest rates normalising, and increasingly some liquidity tightening. If you compare today’s rates with those on December 31, 2018, some are slightly higher, some are the same, and some are lower are corporate loan rates. In that sense we have not seen any impact on growth. The