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>DCB’s disbursements remained flat YoY and grew by 8% QoQ.In H1FY24, disbursement growth was sluggish as growth in the bank’s TReDS portfolio (loweryielding) slowed down as the competition, especially from PSBs, was higher.</li><li>However, excluding this portfolio, disbursement growth was healthy. Advances growth continued to remain strong at 19/5% YoY/QoQ.</li><li>NII growth was lower at 16/1% YoY/QoQ owing to NIM compression of 14bps, which was largely inline with our expectations.</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>

DCB’s disbursements remained flat YoY and grew by 8% QoQ.In H1FY24, disbursement growth was sluggish as growth in the bank’s TReDS portfolio (loweryielding) slowed down as the competition, especially from PSBs, was higher.However, excluding this portfolio, disbursement growth was healthy. Advances growth continued to remain strong at 19/5% YoY/QoQ.NII growth was lower at 16/1% YoY/QoQ owing to NIM compression of 14bps, which was largely inline with our expectations.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.

DCB Bank Ltd. - Growth Momentum Sustains; Margin Pressures Persist!