Promises
2 promises
Promise Tracker
0 delivered, 0 close, 2 missed.
View Promises →Axis Bank Ltd — Q2 FY24
Axis Bank delivered a strong Q2 FY24 with PAT of INR 5,864 crore (+10% YoY) driven by robust core operating profit growth of 19% YoY in H1.
bullish
high
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
Axis Bank delivered a strong Q2 FY24 with PAT of INR 5,864 crore (+10% YoY) driven by robust core operating profit growth of 19% YoY in H1. NIM remained stable at 4.11%, supported by improved loan mix and RIDF reduction. Fee income grew 31% YoY, with retail fees up 38%. Asset quality improved further with GNPA at 1.73% (down 77bps YoY) and net slippages at 1.49% (lowest in 12 quarters). CET1 ratio improved to 14.56%, aided by organic capital generation. Management guided for loan growth 400-600bps above system (~13%), with continued investment in technology and branch expansion (500 branches planned for FY24). Key risk: potential margin compression from lagged deposit repricing and elevated operating expenses from Citi integration and growth investments.
एक्सिस बैंक ने दूसरी तिमाही में 5,864 करोड़ रुपये का शुद्ध लाभ कमाया, जो पिछले साल से 10% ज्यादा है। बैंक की मुख्य कमाई (कोर ऑपरेटिंग प्रॉफिट) पहली छमाही में 19% बढ़ी। ब्याज से कमाई का मार्जिन 4.11% पर स्थिर रहा, क्योंकि बैंक ने ज्यादा लाभदायक लोन दिए और सरकारी बॉन्ड में निवेश कम किया। फीस से कमाई 31% बढ़ी, खासकर रिटेल फीस 38% बढ़ी। बैंक के खराब लोन (GNPA) घटकर 1.73% रह गए, जो पिछले साल से 77% कम है। बैंक के पास अब ज्यादा पूंजी (CET1 14.56%) है। प्रबंधन का कहना है कि लोन ग्रोथ बाजार से 4-6% ज्यादा रहेगी, और वे 500 नई शाखाएं खोलेंगे। लेकिन सावधानी: जमा पर ब्याज बढ़ने से मार्जिन कम हो सकता है, और सिटी बैंक के विलय से खर्च बढ़ सकता है।
Promises0 met · 2 missedRisks4 trackedTranscriptfull text
Research workspace
Focused Modules
Risks
4 risks
Risk Intelligence
Operating expense pressure from Citi integration and investments
View Risks →
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
CASA Ratio
44.4%
+15% YoY (compounded over 3 years)
CASA ratio among best in industry; compounding at 15% per annum for last three years.
Retail Loan Growth
23% YoY
+23% YoY
Retail advances grew 23% YoY; 76% of retail book is secured.
Credit Card Spends Growth
72% YoY
+72% YoY
Credit card spends grew 72% YoY, driven by Citi portfolio acquisition and organic growth.
Gross NPA Ratio
1.73%
-77bps YoY
GNPA declined 77bps YoY to 1.73%, lowest in recent quarters.
Fast read
Guidance and risk preview
Management expects Axis Bank to grow loans at 400-600 basis points faster than the banking system credit growth of ~13% for FY24.
OpEx grew 34% YoY, with Citi integration costs and technology investments driving growth.
View Risks →