Mumbai: Private sector lender Axis Bank expects collections to slow down in the coming weeks as infections continue to rise, impacting movement of executives on the ground, its chief executive Amitabh Chaudhry said on Tuesday.“These are early days, but we do see an immediate business impact across segments," said Chaudhry.He said that corporates are adopting a wait-and-watch strategy and given the sudden surge, the focus is on employee health and safety.Axis Bank’s advances including targeted loan term repo operation (TLTRO) investments grew 12% year-on-year (y-o-y) to ₹6.41 trillion.
Its deposits 10.5% y-o-y to ₹7.07 trillion.India is in the midst of a raging pandemic that has returned with a renewed vigour this year and is infecting.