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Axis Bank, CreditAccess Grameen shares are in focus on Monday; Here's whyBrokerage firm CLSA had stated in its note earlier this month that Axis Bank buying stake in CreditAccess Grameen would be a win-win for both parties.By Shloka Badkar  February 23, 2026, 8:01:28 AM IST (Published)2 Min ReadShares of Axis Bank Ltd. and CreditAccess Grameen Ltd. are in focus on Monday, February 23, after the private sector lender clarified that it has neither submitted nor does it plan to submit any bid for a stake in the latter.

Axis Bank, in an exchange filing on Saturday, said the clarification was being issued in response to certain incoming queries regarding its bid for a stake in CreditAccess Grameen.

The lender added that there is no material event or information in the matter the required disclosure under the Securities and Exchange Board of India (SEBI) norms. It said it would continue to make disclosures in compliance with its obligations under the SEBI regulations.

Earlier this month, Axis Bank MD and CEO Amitabh Chaudhry dismissed speculation around the lender's possible bid for stake in CreditAccess Grameen.

Chaudhry told CNBC-TV18 reports regarding the deal were "unsubstantiated comments and baseless rumours".

"It is incumbent upon us to definitely evaluate every opportunity that comes our way as an institution. And we will obviously evaluate this opportunity also, but we are in a very early stage of the evaluation. We have not even decided whether we'll take the next step," he had told CNBC-TV18.

Prior to Chaudhry's interview with CNBC-TV18, brokerage firm CLSA had stated in its note that Axis Bank buying stake in CreditAccess Grameen would be a win-win for both parties.

The analyst said the acquisition would give Axis Bank access to a high-margin business with strong return on assets, which is largely priority sector lending compliant.

It said the asset quality stress in the microfinance space was largely behind, with the sector now in recovery mode, making the timing of a transaction of this nature favourable.

Over the longer term, the lender could also benefit from funding synergies, CLSA added.

Shares of Axis Bank ended 0.8% higher on Friday at ₹1,367.7, while those of CreditAccess Grameen ended 0.2% higher after slipping from the highs of the day to end at ₹1,283.

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