Axis Bank CEO flags risks of slowing economic growth

BENGALURU: Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry is watchful over consumer demand in the Indian economy and said expectations for growth might have to be tempered a bit, the Financial Times said in a report on Tuesday.

Chaudhry said lenders need to stay vigilant about the economic outlook despite the recent robust growth, as India’s post-pandemic rebound loses steam and global economic volatility makes forecasting more difficult, according to the report.

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Axis Bank did not immediately respond to a Reuters request for comment.