Axis Bank is looking at growth acceleration as COVID-19 numbers continue to dip in the country. Speaking to CNBC-TV18, Amitabh Chaudhry, the MD and CEO of Axis Bank said that there are signs of private capex visible now, which shows the economy is on the right track.

"Signs of private capex are visible, especially right now in refineries, renewable energy, data storage, warehousing, logistics and commodities," he said.

Also Read:

RBI Monetary Policy: To act or to wait?

The mid-corporate, SME and retail growth has been strong and in line with expectations according to Chaudhry. He expects real capital expenditure to resume in the next 9-12 months.

"We expect the real capital expenditure to resume in the next 9 to 12 months," he said.

Also Read: Credit card spends surge: Festive season sees over 25% jump in October vs September

The Axis Bank MD and CEO said that they were confident of pushing for growth in their credit card segment.

"On the on the credit card side, we're seeing good acquisition momentum. Our growth in spends has been pretty solid and we continue to sign up new alliances and that should also ultimately reflect in our growth going forward on the credit card side," he mentioned.

For the full interview, watch the accompanying video.

For a ball-by-ball commentary and analysis of how the markets are faring today (Dec 7), please click here

(Edited by : Abhishek Jha)