Axis Bank Q1 preview: Strong quarter expected
  • WebDesk BTVI
  • Jul 29 2019

Axis Bank, which is set to declare its quarterly earnings on July 30, is expected to post a strong quarter with NII seen up 15.3% at Rs 5,960 crore vs Rs 5167 crore (YoY) and PAT seen up 2.8x at Rs 1,937 crore vs Rs 701 crore (YoY). The bank’s loan growth is expected at 15% driven by both retail and corporate. Deposit growth is seen at 24% (YoY) while margins are likely to remain stable at 3.4%.