 "Axis Bank")
Global rating agency Standard and Poor's (S&P) on Thursday said that Indian private lender Axis Bank is well positioned to withstand downside risks from tough operating conditions in India.
The bank's results for the quarter ending Sept 30, 2020 (Q2FY21) were resilient and in line with the rating outlook, said S&P.
Axis Bank's growth and earnings are likely to outperform those of public sector banks, but remain in line with its domestic private sector peers.
Bank's risk appetite, which has been subdued over the past six months, is expected to grow in line with the system average for the fiscal year ending March
