Axis Bank and ICICI Bank: ICICI Bank and Axis Bank are two big private banks in the country. Lakhs of people have opened their bank accounts in both these banks. At the same time, a little movement in both these banks proves to be very important for the customers. Now an important information related to these two banks has come to the fore.

Global rating agency Moody's has upgraded ICICI Bank and Axis Bank's Baseline Credit Assessment (BCA) to "Baa3", indicating medium grade financial strength, from "Ba1". An upgrade to BCA reflects an improvement in credit fundamentals - asset quality, capital and profitability.

In fact, Moody's Investor Services has improved the Basic Debt Assessment (BCA) of ICICI Bank and Axis Bank, which shows improvement in the fundamentals of credit, especially asset quality. Global rating agency Moody's said in a statement on Friday that the BCA of banks has been improved from Baa3 to Ba1. However, this will not change the deposit rating, which is India's sovereign rating at the level of 'Baa3 Stable'.

Moody's said that the reason behind improving the BCA of both the banks is to improve the asset quality, capital and profit. There has been a significant improvement in their asset quality and the gross and net ratio of non-performing loans is also declining. Apart from this, their profit has also improved.

Explain that the return on assets of ICICI Bank and Axis Bank stood at 1.8 per cent and 1.2 per cent, respectively, as of March 2022. It averaged 0.8 percent and 0.4 percent for the four years before this and till the end of March 2020.