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. 

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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

<ul><li>Bandhan Bank Ltd. (Bandhan) reported a weak set of numbers which stood below our and street estimates.</li><li>This was on account of higher slippages, mainly from the restructured pool, which impacted NIMs (-60/100bps YoY/QoQ) and elevated provisions dragging earnings.</li><li>The bank’s GNPA remained flat at 7.2% from 7.3% QoQ despite write off of Rs 3,539 Cr, primarily from the EEB book Slippages during the quarter were elevated at Rs 3,954 Cr with the restructured pool (primarily the EEB segment) contributing to the majority of the slippages.</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>

Bandhan Bank Ltd. (Bandhan) reported a weak set of numbers which stood below our and street estimates.This was on account of higher slippages, mainly from the restructured pool, which impacted NIMs (-60/100bps YoY/QoQ) and elevated provisions dragging earnings.The bank’s GNPA remained flat at 7.2% from 7.3% QoQ despite write off of Rs 3,539 Cr, primarily from the EEB book Slippages during the quarter were elevated at Rs 3,954 Cr with the restructured pool (primarily the EEB segment) contributing to the majority of the slippages.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.

Bandhan Bank - Weak Quarter; Normalisation Pushed Back to FY24!