Axis Bank CEO on Earnings, Outlook, Vodafone Idea

The transcript discusses the impact of the COVID-19 pandemic on India's retail banking sector, highlighting the challenges faced and the resilience shown by larger banks. It covers investment strategies, employee attrition, and the bank's aspirations for growth. The discussion also touches on the bank's exposure to Vodafone India and the potential risks involved. The bank is optimistic about future growth, driven by technology investments and a strong economic outlook.

What was the impact of the second COVID wave on India's retail portfolio?

• It had no significant impact.

• It had a significant but transitory impact.

• It caused a permanent decline.

• It led to a complete recovery.

How are larger banks described in terms of their response to the COVID crisis?

• They struggled more than smaller banks.

• They were more resilient and absorbed shocks better.

• They were unaffected by the crisis.

• They had to shut down operations.

What strategy did Axis Bank adopt during the COVID crisis?

• They focused solely on cost-cutting.

• They reduced their tech spending.

• They halted all transformation projects.

• They increased tech spending and continued transformation projects.

What is the current trend in Axis Bank's attrition rates?

• They are higher than pre-COVID times.

• They are close to pre-COVID levels but not as high.

• They are lower than pre-COVID times.

• They have remained unchanged.

What is Axis Bank's exposure to Vodafone India?

• They are a major shareholder in Vodafone.

• Their exposure is limited to guarantees for spectrum payments.

• They have a large loan portfolio with Vodafone.

• They have no exposure to Vodafone.

What steps has Axis Bank taken to manage attrition post-COVID?

• They have increased salaries across the board.

• They have introduced work-from-home options.

• They have reduced working hours.

• They have stopped hiring new employees.

What is the government's stance on Vodafone India's financial troubles?

• The government plans to nationalize Vodafone.

• The government is planning to let Vodafone go bankrupt.

• The government wants to ensure the survival of three large telecom companies.

• The government is indifferent to Vodafone's situation.