We will be conservative in our policies: Axis Bank CEO Amitabh Chaudhry

Wants to return to 18% RoE and sustain it

Conservatism will be the watchword at Axis Bank under the new managing director and chief executive officer, Amitabh Chaudhry.

For a lender that has been through turbulent times, building a sustainable franchise will get primacy in policies and practices. Outlining a three-year business strategy soon after announcing the third-quarter results, Chaudhry said “an important element in building a sustainable franchise is to embed conservatism in our internal policies and practices”.  

With that in mind, he began work with the team to identify areas of the balance sheet that might require strengthening. 

“Initial review suggests that most of the accounts that are under any