The Aluva-based lender's best-in-class asset quality, measured loan growth, and low share of unsecured loans have drawn investors' attention. Manian is expected to carry forward the legacy of his predecessor, Shyam Srinivasan, focusing on sustainable growth. "The appointment of K V S Manian, a veteran banker with nearly three decades of rich experience, should help the bank deliver on its strategy and ensure strong, sustainable growth," Axis Securities said in a note.
At the same time, there are challenges regarding deposits and loan pricing that the new CEO will likely need to address.
This story is from the September 24, 2024 edition of Business Standard.
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This story is from the September 24, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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