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Axis Bank eyes bigger growth share in mid-corporates, SME segment

The bank may look at large corporates as well because pricing has turned better now.

January 23, 2023 / 20:42 IST
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The net loan book of the private sector lender grew 15 percent on-year to Rs 7.62 lakh crore.

The country's third largest private sector lender Axis Bank aims to focus on small companies as a key growth driver, said a top official.

Growth in the corporate loan book is likely to remain strong in the mid-corporates and small- and medium-sized enterprises, said Puneet Sharma, Chief Financial Officer of Axis Bank.

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“Within corporates as we have called out, our growth will continue to be strong in our preferred segments such as mid-corporates, MNC, and SME,” Sharma said during a post-result press conference.

Sharma added that the bank will look at quality growth in the large corporate segment as well as demand picks up.