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.

Thematic (Sector/Industry)

India Financials / Thematic (Sector/Industry)

<ul><li>As of 14th Jun’24, the systemic credit growth continues to remain near a multi-year high, registering a robust growth of ~19% YoY (~15.5% YoY ex-HDFC).</li><li>The retail and SME segments have been the major drivers of this growth, as corporate lending continues to remain sluggish.</li><li>However, it is witnessing a gradual recovery. Mirroring the systemic credit growth trends, we expect banks under our coverage (incl. SFBs) to register an equally strong credit growth of ~18/3% YoY/QoQ (ex-HDFC). Post a strong show on deposits in the previous quarter (Q4FY24), the pace of deposit accretion at a systemic level has decelerated. </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>

As of 14th Jun’24, the systemic credit growth continues to remain near a multi-year high, registering a robust growth of ~19% YoY (~15.5% YoY ex-HDFC).The retail and SME segments have been the major drivers of this growth, as corporate lending continues to remain sluggish.However, it is witnessing a gradual recovery. Mirroring the systemic credit growth trends, we expect banks under our coverage (incl. SFBs) to register an equally strong credit growth of ~18/3% YoY/QoQ (ex-HDFC). Post a strong show on deposits in the previous quarter (Q4FY24), the pace of deposit accretion at a systemic level has decelerated. 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.

Cholamandalam Investment and Finance (CIFC IN)

Nippon Life India Asset Management (NAM IN)

Q1FY25 Earnings Preview - Banking, Financial Services and Insurance (BFSI)