We attended Axis Bank's Analyst Day, in which Mr. Amitabh Chaudhary, the new MD and CEO, reiterated his stance on undertaking a major overhaul of business verticals, focusing on three pillars (Growth/Scalability, Profitability, and Sustainability), and achieving 18% RoE in the medium term (we believe by FY22) on a sustainable basis. The current corporate stress pool of 2.8% of loans may have some inter-quarter volatility, but largely factors in corporate stress, and there are no worrying signs of stress in the retail...