Axis Securities: Initiating Coverage On Small Finance Banks With A Positive View
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India. (Photographer Dhiraj Singh/Bloomberg)

Axis Securities: Initiating Coverage On Small Finance Banks With A Positive View

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.

Axis Securities Report

We expand coverage on small finance banks and initiate on Equitas Small Finance Bank Ltd. and Ujjivan Small Finance Bank Ltd. with a positive view.

Both the banks are well positioned to gain from the small finance bank transition process, with most of the transitional risks now abated.

The transition has paved the way for both the banks to diversify their portfolio thus providing ample growth opportunities and improve their liability mix.

We expect the banks to have first movers advantage given the early commencement of business, as both banks have a more diversified product suite as compared to most other SFBs.

Click on the attachment to read the full report:

Axis Securities Initiating Coverage on Small Finance Banks.pdf


This 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 brokerage and do not represent the views of BloombergQuint.

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