Speaking to Siddharth Zarabi, Group Editor, Business Today, on the sidelines of the World Economic Forum in Davos, Axis Bank MD and CEO Amitabh Chaudhary said deposit growth will be critical to sustaining India’s credit expansion. While credit demand is showing signs of revival, he cautioned that if deposit growth does not pick up, lending momentum could slow again. Chaudhary noted that the RBI has assured durable liquidity support, which should help ease pressures in the banking system. However, he stressed that single-digit or low double-digit deposit growth will not be sufficient to keep the economy moving at a steady pace. He remains optimistic that over the next 12 to 18 months, deposit mobilisation will improve, supporting credit growth and economic momentum.
At BT Davos 2026, Amitabh Chaudhry, Managing Director & CEO, Axis Bank, joined an exclusive conversation moderated by Siddharth Zarabi, Group Editor, Business Today, on the strength and outlook of India’s banking system. Chaudhry assessed whether Indian banks are structurally stronger than past cycles, pointing to improved balance sheets and risk management. The discussion explored early signs of private investment revival, Axis Bank’s loan growth strategy, and stress in unsecured retail lending. Key themes included deposit mobilisation, retail credit trends, MSME financing, regulatory and liquidity support from the RBI, and policy expectations from Budget 2026 to accelerate credit flow and private capital expenditure.
Axis Securities said that the daily and weekly prices of IndusInd Bank have decisively surpassed the multiple resistance, which shows a strong comeback of bulls and bullish trend reversal on the weekly chart.
Axis Securities said that IndusInd Bank has decisively surpassed multiple resistance zones at the Rs 895 levels on a closing basis on the daily charts.
In response to this growing threat, Axis Bank has rolled out a new feature called ‘Safety Centre’ on its mobile banking app ‘open’, allowing users to manage key banking functions in real time without having to contact customer support or visit a branch.
A recent preview by JM Financial, based on provisional updates from 24 banks and four NBFCs for the third quarter of FY26, highlights continued strength in loan growth for financial stocks.
Nomura said Axis Bank is on the right track in terms of growth, as the management maintained its stance of 300-400 bps above-industry-growth in steady state.
Axis Securities said that IndusInd Bank has delivered a decisive breakout on the weekly chart, completing an ascending triangle pattern and signalling the start of a medium-term uptrend.
Dalal Street kicked off 2026 on a strong bullish note, with the Nifty surging past 26,300 intraday—the highest since December 1—to a one-month high of 26,314. Broad-based buying prevailed, with a healthy 2.5:1 advance-decline ratio. Nifty Bank soared 380 points, driven by both PSU (Bank of Baroda, Indian Bank at record highs) and private banks (ICICI, Axis, Kotak). Energy (BPCL, HPCL, RIL), Realty, and PSU stocks led sectoral gains. Metals shone—Hindalco and National Aluminium hit record highs—while autos (Maruti, M&M, TVS, Ashok Leyland) rallied post-strong December sales. Renewable financiers (IREDA, REC, PFC) rebounded sharply from multi-month lows. Pre-Budget optimism fuels the momentum across PSU banks, metals, and autos.
Indian banks are expected to demonstrate a visible recovery in their third quarter of FY26, according to a preview by JM Financial.
Elara Capital has raised concerns regarding the widely held view that net interest margins for banks will improve in FY27.





