Axis Bank
Axis Bank
Axis Bank
BANKING SECTOR
BALANCE SHEET
INCOME STATEMENT
5 YEAR CHART
1 YEAR CHART
PEER COMPARISON
PEER BRIEF
TECHNICAL ANALYSIS WITH INDICATIONS ( SHORT TERM)
EMPLOYMENT DETAILS
HIRING MANAGERS
SR NO. NAME OF HIRING MANAGER JOB DESCRIPTION
1 Krishan Mohan Srivastava HR Manager at Axis Bank
2 Sejal Shah Dholekar HR at Axis Bank
EMPLOYEE DISTRIBUTION
EMPLOYMENT DETAILS
TOTAL EMPLOYEE COUNT
NEW HIRES
IMPACT OF COVID-19
• The pandemic is impacting the financial services sector in multiple ways — from business
continuity issues and operational considerations to the overall financial outlook. As financial
services companies are mobilizing and taking steps to minimize these impacts, they will likely
face short- & long-term implications on both profitabilities as well as balance sheet items.
• Amid the highly uncertain situation due to the pandemic, financial institutions need to stress
test their portfolios, for each of the defined scenarios, to better understand the impact. The
current economic and market environment warrants additional stress testing that will have
direct implications for decisions that these financial institutions make in real time. Identifying
sectors/regions/clients that are most at risk and re-evaluating the loan loss provisions under
different economic scenarios will be essential.
• A continued spread of the pandemic and its aftermath will significantly slow down business,
hence financial institutions must take additional measures to ensure business continuity to
continue to remain relevant to their customers. Banks and financial institutions must prepare
for scenarios that might occur post the lockdown period as well. This would be essential in
developing a flexible contingency plan that best equips the banks for crisis management and
provides supportive solutions to its customers.
• The current challenges are likely to translate into high capital infusion requirements for the FIs
to maintain both regulatory capital as well as growth capital.
While the long-term implications of the pandemic for the Indian financial services sector is
unknown, when normalcy returns, banks, and NBFCs will likely have learned a few lessons.
These may include how to best retain operational resilience when confronted with future
pandemics, and possibly how to redesign new operating models such as alternate work
arrangements and innovative ways to interact with customers in a remote set-up. Furthermore,
the pandemic may further accelerate migration to infrastructure of the future – digital
channels and connectivity.
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