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

<ul>
<li>CUB reported yet another weak quarter with slower than industry/peers loan growth and sharp NIM contraction.</li>
<li>NII grew by 3% YoY, while it de-grew by 7% QoQ owing to a 36/23bps contraction in NIMs, primarily owing to a sharp increase in CoF (+35 bps QoQ).</li>
<li>Lower non- interest income and inch-up in Opex resulted in PPOP de-growing by 5/16% YoY/QoQ</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>


CUB reported yet another weak quarter with slower than industry/peers loan growth and sharp NIM contraction.
NII grew by 3% YoY, while it de-grew by 7% QoQ owing to a 36/23bps contraction in NIMs, primarily owing to a sharp increase in CoF (+35 bps QoQ).
Lower non- interest income and inch-up in Opex resulted in PPOP de-growing by 5/16% YoY/QoQ

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

City Union Bank Ltd. - Weak Quarter