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’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
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
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.
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
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.