New Delhi, Jan. 26 -- Axis Bank Ltd is still evaluating multiple options to infuse capital into its consumer lending subsidiary Axis Finance, with the process "very much ongoing", according to a top executive.
"Nothing is off the table" when it comes to shoring up capital at Axis Finance, said executive director Subrat Mohanty in the post-earnings conference call of the bank on Monday.
The bank reiterated that it remains committed to ensuring capital is not a constraint on the subsidiary's growth and that it is reassessing its options in light of recent regulatory guidance and changes to business guidelines.
Last week, Reuters reported that a potential stake sale may have been put on hold. Axis Bank had initiated the stake sale process...
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