‘Axis Bank well capitalised with self-sustaining capital structure’

New Delhi Axis Bank is well capitalised with a self-sustaining capital structure for funding organic growth, its managing director and CEO Amitabh Chaudhry has said.

He said the bank expects to grow higher than the industry average on the credit side. It would be 400-600 basis points higher than the industry in the MSME segment this fiscal. To fund business growth, he said, the bank has adequate capital to take care of its needs during the current financial year. “Our overall capital adequacy ratio, including profit, stood at 17.84 per cent with a CET 1 ratio of 14.56 per cent.