Axis Bank CEO Amitabh Chaudhary says the bank’s FCNR(B) fundraising will help drive deposit market share above 5% and eventually improve net interest margins. In an interview with NDTV Profit, Chaudhary links the expected margin improvement to the deployment of FCNR(B) funds.
The outlet frames the FCNR(B) move as a strategy aimed at strengthening Axis Bank’s balance sheet and earnings outlook. The interview also suggests a timing element: margins will turn positive after FCNR(B) money is put to use, rather than immediately upon raising the funds. Because the reporting provided is based on a single interview source, there are no contrasting perspectives in the material shared about the bank’s targets or the impact timeline.
