Axis Bank Q4 Review - Net Interest Margin Improvement Remains Elusive; Lower Provisions Aid PAT: Dolat Capital

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Axis Bank Ltd. reported in-line operating metrics, with net interest income growth at 17% YoY and healthy growth in retail fee income (14% QoQ) led by traction in third party provider distribution and pick-up in retail disbursements. Profit after tax exceeded estimates due to lower provisions, aiding return on assets of 1.5% for the quarter. Despite several levers for margin traction including sharp decline in net slippages and higher share of non-wholesale book, improvement in net interest margin remained elusive (down 5 basis points to 3.49%). Axis Bank's asset quality trends continue to hold strong with marginal net slippages, decline in restructured book to 0.5% led by recoveries, rise in provision coverage ratio to 75%, and industry best standard provisioning buffer at 1.4% of loans (ex of general provisions). .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Axis Bank Q4 Review - Net Interest Margin Improvement Remains Elusive; Lower Provisions Aid PAT: Dolat Capital

Axis Bank Q4 Review - Net Interest Margin Improvement Remains Elusive; Lower Provisions Aid PAT: Dolat Capital

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