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>Multiple levers to ensure margin improvement: DCB’s NIMs contracted sharply owing to (i) one-offs owing to regulatory change which continued into Q2FY25, (ii) reclassification of penal interest as penal charges, (iii) conscious growth slowdown in the high-yielding microfinance book (~16% mix) owing to elevated sectoral stress and (iv) pursuing opportunistic lending in lower-yielding lending.</li><li>The management does not expect the one-off to repeat in H2FY25.</li><li>Additionally, DCB is eyeing to improve the average ticket size in its overdraft proposition alongside improving the share of better-yielding LAP loans which should provide support to lending yields. </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>

Multiple levers to ensure margin improvement: DCB’s NIMs contracted sharply owing to (i) one-offs owing to regulatory change which continued into Q2FY25, (ii) reclassification of penal interest as penal charges, (iii) conscious growth slowdown in the high-yielding microfinance book (~16% mix) owing to elevated sectoral stress and (iv) pursuing opportunistic lending in lower-yielding lending.The management does not expect the one-off to repeat in H2FY25.Additionally, DCB is eyeing to improve the average ticket size in its overdraft proposition alongside improving the share of better-yielding LAP loans which should provide support to lending yields. 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. - NIMs Bottom-Out; Pushing for Sustainable RoA of 1% from FY26!