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Top related persons:
Amitabh Chaudhry - 2 Chaudhry - 2 Varun - 1 Mrigank - 1 Kotak - 1 Rituparna Chakraborty - 1 Prashant Kumar - 1 Teamlease's Chakraborty - 1
Top related locs:
BENGALURU Mumbai Bengaluru MUMBAI India's Siddhi
Top related orgs:
HDFC Bank - 2 Kotak Mahindra Bank - 2 Thomson - 2 Bank - 1 IndusInd Bank - 1 ICICI Bank - 1 Sethuraman - 1 Varun Vyas - 1

Search resuls for: "Amitabh Chaudhry"


3 mentions found


☆ India's Axis Bank Q2 profit beats view on robust loan growth
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, Oct 25 (Reuters) - India's Axis Bank (AXBK.NS) reported a bigger-than-expected rise in second-quarter profit on Wednesday, helped by strong growth in loans. Loan demand stayed strong as an uptick in consumer spending helped drive retail credit. The bank is seeing strong demand for loans from corporate clients, including for capital spending, it said. Net interest income - the difference between interest earned and interest expended - rose 19% year-over-year to 123.15 billion rupees. The country's top lender HDFC Bank (HDBK.NS) reported a drop in margins earlier this month, while IndusInd Bank (INBK.NS), ICICI Bank (ICBK.NS), and Kotak Mahindra Bank (KTKM.NS) reported second-quarter profit gains.
Persons: Amitabh Chaudhry, Chaudhry, Varun, Mrigank Organizations: Bank, HDFC Bank, IndusInd Bank, ICICI Bank, Kotak Mahindra Bank, Sethuraman, Varun Vyas, Thomson Locations: BENGALURU, Mumbai, Bengaluru
☆ India's private lenders grab brisk business at the cost of soaring attrition
  + stars: | 2023-07-27 | by ( Ira Dugal Siddhi Nayak | Ira Dugal | Siddhi Nayak | ) www.reuters.com   time to read: +3 min
SummaryCompanies Top private banks report attrition rates of 35-50%Highest turnover seen in sales staffBrisk growth in retail lending leading to attritionMUMBAI, July 27 (Reuters) - India's private lenders are contending with soaring attrition amid strong demand for loans and the rush to capture a larger share of the crowded market. HDFC Bank, India's largest private lender, saw its employee turnover rate over the last year rise to 34%, while Axis Bank was at nearly 35%. Kotak Mahindra Bank's attrition surged to about 50%, with smaller peer Yes Bank in toe at 43%. The bank is working towards controlling it and would "not like to see an overall attrition of more than 25-30%," he said. Kotak Mahindra Bank, which has seen the sharpest jump in attrition, saw the worst churn at junior levels, it said.
Persons: Kotak, Amitabh Chaudhry, Chaudhry, Rituparna Chakraborty, Prashant Kumar, Teamlease's Chakraborty, Shanti Ekambaram, Ekambaram, Jain, Ira Dugal, Siddhi Nayak, Dhanya Ann Thoppil Organizations: HDFC Bank, Axis, Kotak Mahindra, Teamlease Services, Reuters, Kotak Mahindra Bank, Thomson Locations: MUMBAI, India's, Siddhi
☆ Bain gives India’s banking ball a time check
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +2 min
Bain Capital on Tuesday pocketed some $400 million from selling just under a third of the more than 4% stake it bought in Axis Bank (AXBK.NS) in 2017. Back then, the private equity firm and Life Insurance Corporation of India (LIFI.NS) injected cash as the country’s third-largest non-state-controlled lender was grappling with a slew of bad loans. Axis now oozes confidence under ex-HDFC Life Insurance executive Amitabh Chaudhry, who joined as boss in 2019. Gross bad loans account for 2.5% of total assets, less than half the level when Bain bought in. With Bain currently sitting on 1.6 times its money, excluding dividends, it’s a good time to send some in its party home.
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