Company: Axis Bank Ltd. Category: Broker Research

The beleaguered banking sector has seen a slew of regulations over the past 10-12 quarters which are envisaged to bolster the system.
March 26, 2019, 11:23 a.m.

With a new CEO at its helm, AXSB has charted a three pronged strategy of growth, profitability, and sustainability for FY20-22. The bank has identified credit cost, opex and business mix as the three key growth drivers to enable it to achieve 18% RoE by FY22.
Feb. 7, 2019, 10:57 a.m.

Axis is the third-largest private sector bank in India in terms of asset size, with a balance sheet of 7.1 lakh cr and advances of 4.48 lakh cr (of which retail contributes 48.6%).
Jan. 2, 2019, 11:54 a.m.

RBI approves appointment of Mr. Amitabh Chaudhary as MD & CEO of Axis Bank for a period of 3 years with effect from 1-Jan-19 up to 31-Dec-21.
Sept. 9, 2018, 10:37 a.m.

Axis Bank is the third‐largest private sector bank in India in terms of asset size, with a balance sheet of ~INR6.9tn.
Aug. 6, 2018, 10:42 a.m.

Rerating warranted in valuations, upgrade to a BUY: In our view, the issue of high slippages and credit costs overshadowed all the positives, be it liabilities, growth in credit or even CASA. With the worst of the slippages behind and consequently the credit costs reduction expected (but remain high for next two quarters) thereby steadily improving the ROAs from the current 0.8% in FY18E to over 1.6% in FY20E remain a very likely case. We revise and upgrade our recommendation to “BUY” with revised TP of Rs654 (from “Reduce” and TP of Rs454) based on 2.3x Sep-19E ABV.
Dec. 13, 2017, 3:33 p.m.

Axis Bank: Asset quality concern keeps outlook murky, downgrade to Hold
Oct. 17, 2017, 4:56 p.m.
Author : Sharekhan | Publisher:

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