Dramatic improvement in asset quality post June: Amitabh Chaudhry

'The RBI has started normalising its extraordinary injection of liquidity in a calibrated manner', said Chaudhry

Just days ahead of declaring its second-quarter earnings, Amitabh Chaudhry, managing director and chief executive officer, Axis Bank, speaks to Subrata Panda and Abhijit Lele on business growth in July-September as well as asset quality pressures. He also touches upon the Reserve Bank of India’s (RBI’s) action against the Srei group, to which the bank has an exposure. Edited excerpts:

How was Q2 in terms of business? 

Growth remains muted on the wholesale side of the business, the same as others in the industry. Although growth is available, it is coming at a price (because of excess liquidity) that does