Centrum Broking: Axis Bank Strong On PPoP; Comfort On Capital, Provisions
An Axis Bank Ltd. brochure sits inside a bank branch in Mumbai, India . (Photographer Dhiraj SinghBloomberg)

Centrum Broking: Axis Bank Strong On PPoP; Comfort On Capital, Provisions

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.

Centrum Broking Report

Axis Bank Ltd.’s Q2 FY21 earnings were largely in-line with profit after tax at Rs 16.8 billion (estimate Rs 17.2 billion).

Net interest income was a beat mainly driven higher net interest margin led by lower deposit cost.

Loan growth was slightly lower at 10.5% YoY as small and medium enterprise was a drag though retail/corporate performed well.

Other income too outperformed led by fee income which is back to pre-Covid-19 levels though this was offset by higher provisions.

Click on the attachment to read the full report:

Centrum - Axis Bank - Q2FY21 Result Update .pdf

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