Axis Bank’s Over­seas Oper­a­tions Mak­ing a Mark

The Economic Times - - Money & Banking -

Over­seas oper­a­tions of pri­vate banks in gen­eral have been bad ex­pe­ri­ence, and even for some state-run banks it is an in­creas­ingly los­ing propo­si­tion. But Axis Bank seems to be scor­ing and even over­seas reg­u­la­tors seem to be lov­ing it. Its Shang­hai branch re­cently was given a ‘one­time grant’ of about one mil­lion dol­lars by the lo­cal au­thor­i­ties for its pos­i­tive im­pact on busi­nesses.

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