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>Branch Expansion: The management’s focus on adding ~150 branches annually will allow the bank to maintain its credit and deposit growth momentum.</li><li>Cost of funds: Repayment of high-cost legacy borrowing will aid the bank in reducing the cost of funds going forward.</li><li>Improving Asset Quality: With GNPA improving to 2.96% from 3.18% QoQ, NNPA improving to 1.03% from 1.09%, and collection efficiency at 99.6% in the retail portfolio, the bank’s asset quality stress is expected to reduce moving forward.</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>

Branch Expansion: The management’s focus on adding ~150 branches annually will allow the bank to maintain its credit and deposit growth momentum.Cost of funds: Repayment of high-cost legacy borrowing will aid the bank in reducing the cost of funds going forward.Improving Asset Quality: With GNPA improving to 2.96% from 3.18% QoQ, NNPA improving to 1.03% from 1.09%, and collection efficiency at 99.6% in the retail portfolio, the bank’s asset quality stress is expected to reduce moving forward.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. - Beat Across Parameters; Growth Levers Intact