Gautam Chhaochharia, Head of Global Markets at UBS, emphasizes that local policy decisions will be the primary drivers of Indian markets, overshadowing global influences like Trump's policies. He expresses cautious optimism about economic growth and earnings recovery, while highlighting the need for policy support and potential rate cuts in the coming months. Chhaochharia notes that consumer sectors linked to rural recovery are better positioned for growth amidst current valuation concerns.
Axis Bank has secured approval from the Reserve Bank of India for the re-appointment of Amitabh Chaudhry as MD and CEO for another three years, effective January 1, 2025, until December 31, 2027. This decision was endorsed by shareholders at the bank's 30th Annual General Meeting on July 26. Chaudhry, who has led the bank since 2019, has significantly contributed to its growth, particularly in retail banking and digital services.
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