Managing Director and CEO Amitabh Chaudhry outlined the target as borrowing demand strengthens. Industry credit growth reached 18.3% in June 2026, compared with 9.3% a year earlier. Axis is India’s third-biggest private-sector bank measured by assets.

For corporate lending, the bank is focusing on data centres, renewable energy, manufacturing and urban development. But it plans to be selective about data-centre projects, favouring developers with financial strength, technical capability and contracts requiring customers to pay a minimum amount even when usage falls short. Chaudhry stressed that lending standards must remain rigorous.

Gold lending rose 94% from a year earlier in June. Axis views this as customers choosing lower-cost borrowing against gold rather than necessarily facing household financial distress. Its assessment is that borrowers increasingly see these loans as a regular financial option, not simply an emergency source of funds.

The bank is also preparing two subsidiaries for possible market listings. Axis Max Life Insurance could list in 12–18 months after a potential internal reorganisation. Axis Finance has assets exceeding ₹500 billion; the report says RBI rules require a listing at ₹1 trillion, a level Chaudhry expects within a couple of years.