Amitabh Chaudhry is fond of describing Axis Bank as a crouching tiger — aggressive and hungry for business. When he took charge of the bank in January 2019, Axis Bank was anything but that as it was grappling with asset quality concerns, cultural silos, and a digital lag that threatened its competitive edge.

Six years later, the transformation is not just visible, it’s resounding. Consider the numbers: India’s third-largest private bank’s return on assets jumped from 0.2% in FY20 to 1.74% in FY25, while returns on equity rose from 2.34% to 16.52% in the same period. Net profit reported a 33% CAGR growth at Rs 26,373 crore in FY25, driven by a 16.5% increase in net interest income and 14% growth in total deposits between FY20 and FY25.

But numbers only tell part of the story. What truly

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