Axis Bank Aims Higher: MD Amitabh Chaudhry Eyes Top Spot Beyond "3rd Largest" Tag

Axis Bank MD Amitabh Chaudhry has signaled ambitions to climb the rankings, stating the bank is “not interested in being the 3rd largest” as it focuses on digital transformation and customer-centric growth. The lender reported ~32% UPI market share (payer PSP) and 14% credit card market share in Q4 FY25, alongside a 17.1% consolidated ROE.

 

Key priorities:

 

Tech edge: Scaling digital banking (5.4% advances share) and merchant services (top 3 acquirer).

 

Subsidiary growth: 39% PAT surge in Axis Securities and 21% in Axis AMC in FY25.

 

Asset quality: Net NPA at 0.33% with 75% PCR, ensuring stability amid expansion.

 

Chaudhry emphasized profitability over size, targeting higher ROE and cost efficiency (2.46% cost-to-assets ratio).

 

Sources: Axis Bank Q4 FY25 Investor Presentation, Economic Times, Business Standard