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Equity Research Report: Religare Investment Pick

Axis Bank is the third largest private sector bank in India. The bank has 2402 branches (including extension counters) and 12922 ATMs spread across the country at the end of March 2014. Axis Bank has the largest ATM network among private banks in India.
25 Aug 2014 | 04:46 PM

The bank has been consistently delivering better-than-industry growth due to its strong retail focus. The performance of the bank was led by strong increase in margins, higher loan growth and improvement in CASA and expense ratio. The bank expects its loan growth to be 20% higher than the industry growth. The stressed loan accumulation may lower than forecasted if the economic conditions improve from here.

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