It will be a long road to recovery from Covid-19: Axis Bank chief

In a Q&A, the lender's MD & CEO, Amitabh Chaudhry, also dwells on the stimulus package announced by the government, and risk aversion by banks

At a time when asset quality of Indian banking sector was about to peak out, Covid-19 severely impacted the outlook. Amitabh Chaudhry, MD & CEO of Axis Bank, in an email interview with Shreepad S Aute and Subrata Panda, said that the pandemic’s impact across the sector will result in systemic-level stress. He also dwelt on other topics such as the stimulus package announced by the government, and risk aversion by banks. Edited Excerpts:

How soon do you see things getting to normal for Axis Bank and for the entire economy?

There is a lot of discussion on whether we