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Axis Bank Q2 Results

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  • Axis Bank sees negligible near-term impact from RBI’s ECL norms

    CFO Puneet Sharma said the main effect will be a shift in provisioning from outstanding to exposure, with net worth largely unaffected at transition

  • Axis Bank Q2 margin surprise impresses Street; should you buy or sell the stock?

    Axis Bank’s net profit rose 10 percent on-year to Rs 5,864 crore in Q2FY24 aided by 19 percent on-year rise in net interest income (NII) and controlled provisions

  • Axis Bank’s retail gameplan would soon need a check on unsecured book

    Unsecured loans fetch a higher yield because of their riskiness. While this may be excellent to fatten net interest margins, asset quality performance is uncertain. During a downturn, the benefits gained from high yield may be more than offset by the credit loss incurred due to delinquencies

  • Axis Bank Q2 preview: Profit likely to rise 7%, Citi integration to be keenly watched

    Brokerages estimate Axis Bank’s Q2 FY24 net profit to rise 7 percent on-year but it may drag sequentially due to rising cost ratios post-Citi merger.

  • Ideas For Profit | Axis Bank: Valuation gap with private sector peers to narrow with return of growth

    Axis Bank’s Q2 earnings showed the bank as a winner in terms of asset quality, but lagging in growth. The stock has underperformed both the Nifty and the Bank Nifty in the past three months. However, we see Axis Bank as a long-term winner that stands to close the valuation discount with peers as caution gives way to optimism and execution. Here's why

  • Axis Bank Q2 net up 25% at Rs 920 cr on higher NII

    Private sector lender Axis Bank has reported a net profit of Rs 920 crore for the second quarter of FY12, a growth of 25.15% as compared to Rs 735.1 crore in the corresponding quarter of last fiscal.

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