We continue to view Axis Bank as a potential candidate for re-rating, with headroom to catch up with other peers in the private banking space in terms of valuation, buoyed by its improving fundamentals. We believe that factors like incremental addition to better rated clients (in the corporate segment) and its own client driven retail strategy, augur well. While the recent corporate stressed pool and slowing economy pose near term risks, we believe that some long term positives offer comfort. Hence asset sale deals by borrowers, risk weights reduction by RBI for...