| Title: | Axis Bank Ltd. |
| Price: | $400.00 |
| Publication Date: | Apr 29, 2008 |
| Report Type: | Full Report |
| Abstract: | Sound funding profile, Good income diversity, and Adequate capitalization. Vulnerable asset quality. The counterparty credit ratings on India's Axis Bank Ltd. take into account the bank's sound funding profile, the significant and growing contribution of fee income to operating revenues, and its adequate capitalization. Axis' asset quality is adequate but vulnerable to deterioration with declining credit expansion, especially with the slowing growth of the Indian economy. The ratings also take into account the bank's adequate liquidity position. Axis' strong retail franchise stems from its brand equity and, coupled with the use of multiple delivery channels such as branches, ATMs, and Internet, results in a high contribution of savings and current deposits to aggregate funding. Savings and current deposits, which are |
| Brief Excerpt: | RESEARCH Ratings Definitions Axis Bank Ltd. Publication date: ##-Apr-#### Primary Credit Analyst: Ritesh Maheshwari, Singapore (##) ####-####; ritesh_maheshwari@standardandpoors.com Major Rating Factors Counterparty Credit Rating... |
| Word Count: | 5973 |
| Ticker: | UTIB@IN |
| Issuer: | Axis Bank Ltd. |
| Sector: | Global Issuers, Financial Institutions |
| Country: | India |
| Region: | Emerging Markets |
| Format: | 
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