- Published: March 2012
- Region: Global
Axis Bank Ltd. Apr 11
- Published: April 2011
- Standard & Poors
Sound funding profile Good income diversity Adequate capitalization Vulnerable asset quality The counterparty credit ratings on India-based Axis Bank Ltd. reflect the bank's sound funding profile, the significant and growing contribution of fee income to its operating revenues, and the bank's adequate capitalization. Axis' asset quality is adequate but vulnerable to deterioration because of a huge unseasoned portfolio and high credit concentration. The bank's adequate liquidity supports the rating. Axis' strong retail franchise stems from its brand equity. Its multiple delivery channels such as branches, ATMs, and the internet have led to a high contribution of savings and current deposits to aggregate funding. These inherently low-cost and stable deposits have constituted more than 40% of the bank's deposits for the...
Companies mentioned in this report are:
- Axis Bank Ltd.
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- Axis Bank Ltd.