External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

AU Small Finance Bank Limited / Equity Bottom-Up

AU Small Finance Bank Limited (AUBANK IN)

<ul><li>Advances grew by 26/5% YoY/QoQ led by growth in home loans (+61/16% YoY/QoQ), Credit cards (+3.6x YoY), and business banking (+72/14% YoY/QoQ).</li><li>NII grew by 30/5% YoY/QoQ, driven by strong advances growth, and margins contracted by ~20/10bpsYoY/QoQ owing to higher CoF.</li><li>Opex growth remained elevated as the bank continues to invest in building the franchise.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Advances grew by 26/5% YoY/QoQ led by growth in home loans (+61/16% YoY/QoQ), Credit cards (+3.6x YoY), and business banking (+72/14% YoY/QoQ).NII grew by 30/5% YoY/QoQ, driven by strong advances growth, and margins contracted by ~20/10bpsYoY/QoQ owing to higher CoF.Opex growth remained elevated as the bank continues to invest in building the franchise.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AUBANK IN - Strong Levers for Fee Income Growth to Partially Offset Margin Pressures!