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.
Axis Bank did not immediately respond to a Reuters request for comment.
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Sherry Jacob-Phillips)
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