MoneyWorks4Me

Axis Bank sets 18% target of RoE on sustainable basis

18 Jun 2019 Evaluate

Axis Bank has set a target of achieving 18 per cent Return on Equity (RoE) on sustainable basis as cost of funds is on decline. The RoE of the bank stood at 8.09 per cent at the end of March 2019.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

Peers
Company Name CMP
HDFC Bank 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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