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>City Union Bank’s (CUB) Q1FY23 performance was ahead of our expectations, driven by better non-interest income owing to a positive surprise on the treasury gain and strong recoveries.</li><li>On the operational front, credit growth was 12% YoY, though it remained tepid in comparison to the overall strong credit growth observed amongst its peers.</li><li>Advances growth was driven by MSME (+26% YoY) and Agri loans (+49% YoY).</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>

City Union Bank’s (CUB) Q1FY23 performance was ahead of our expectations, driven by better non-interest income owing to a positive surprise on the treasury gain and strong recoveries.On the operational front, credit growth was 12% YoY, though it remained tepid in comparison to the overall strong credit growth observed amongst its peers.Advances growth was driven by MSME (+26% YoY) and Agri loans (+49% YoY).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.

City Union Bank Ltd. - On Track to Achieve RoA of 1.5%; Maintain BUY!