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Axis Forays Into Nano Credit
Description
Axis Bank that has tied up with Suvidhaa Infoserve says it's the first entrant in the nano credit space and is looking to grow its nano credit customer base to 100,000 soon. Rajiv Anand - Executive Director of Axis Bank tells ET NOW that while transmission of rate cuts is inevitable, the heavy outflow of funds on ground of FCNRB redemptions in September may scuttle the scope for one in the coming months. Listen in.
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