'I hope the trend is sustainable and that economic activity accelerates going forward.'

The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.

'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'

Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.