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

IDFC First Bank Limited / Equity Bottom-Up

<ul><li>IDFCFB reported robust loan growth momentum (up 26.1% YoY/ 6.8% QoQ) in Q2FY24, primarily driven by home loans (up 26% YoY/ 6% QoQ), wheels (up 41% YoY/ 9% QoQ) and rural finance (up 51% YoY/ 10% QoQ) with significant growth across the segments.</li><li>With NIM remaining flat at 6.32% and healthy growth in advances, NII reported robust growth of 31.6/5.5% YoY/QoQ.</li><li>Other Income reported a strong growth of 34.7/1.1% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.</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>

IDFCFB reported robust loan growth momentum (up 26.1% YoY/ 6.8% QoQ) in Q2FY24, primarily driven by home loans (up 26% YoY/ 6% QoQ), wheels (up 41% YoY/ 9% QoQ) and rural finance (up 51% YoY/ 10% QoQ) with significant growth across the segments.With NIM remaining flat at 6.32% and healthy growth in advances, NII reported robust growth of 31.6/5.5% YoY/QoQ.Other Income reported a strong growth of 34.7/1.1% YoY/QoQ, largely led by growth in the fee income from the bank’s retail products.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.

IDFC First Bank Ltd. - Balance Sheet Growing Sustainably