Mumbai, July 18 -- Axis Bank expects its share in foreign currency flows through the Reserve Bank of India-backed scheme to be higher than its overall share of business. "As a franchise, we are comfortable stating that our market share will be higher than our organic market share," chief financial officer Puneet Sharma said in the bank's June quarter earnings call.

As of 30 June, the bank's deposit market share was 5.1%, while its share of total sector advances was 5.7%, according to the investor presentation.

Axis Bank managing director and CEO Amitabh Chaudhry said the FCNR-B deposit scheme is drawing strong interest from non-resident Indians (NRIs), and the bank sees a 'meaningful opportunity' to grow its deposit base through its NRI...