Axis Bank Q1 Review - Re-Rating To Hinge On Sustained Net Interest Margin Strength: Prabhudas Lilladher

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Axis Bank Ltd.'s core earnings were better driven by net interest margin beat and lower provisions led by steady asset quality. Loan growth at down 0.9% QoQ was lower as corporate declined since Axis Bank evaded pricing pressure while higher yielding retail (small business banking, agri, credit card, and personal loan) saw strong traction, which might continue. Axis Bank suggested that even if corporate growth is boosted, spread would not be diluted. Preference for profitability over growth could bode well, as systemic asset quality risks are benign. Cost to assets would remain elevated although target is to reduce it from 2.2% to 2.0% over FY22-25E. Asset quality improved QoQ with controlled net slippages and reduction in stressed pool..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Axis Bank Q1 Review - Re-Rating To Hinge On Sustained Net Interest Margin Strength: Prabhudas Lilladher

Axis Bank Q1 Review - Re-Rating To Hinge On Sustained Net Interest Margin Strength: Prabhudas Lilladher

Choose a plan