Axis Bank · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
11
Answered directly
59%
Numeric claims
0
Consistency
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Question ledger
Mahrukh Adajania · Nuvama
directSlide 13 of the investor presentation clearly calls out integration expenses for the quarter. It is INR 385 crores. We have said that we expect to incur integration expenses over a period of 18 months, aggregating to INR 2,000 crores pre-tax, INR 1,500 crores post-tax. That number stands.
Mahrukh Adajania · Nuvama
evasiveWe don't offer net interest margin guidance. Therefore, to your comment on whether margins will be at this level for the rest of the year, we can't offer a constructive comment. Qualitatively on cost of deposits, the marginal cost of deposits have stabilized for the last few months.
Kunal Shah · Citigroup
partialI do not believe that between Amitabh or me, we said we will run through our excess SLR over the next six months. I would just caveat your comment on the timeframe. Our LCR numbers are 123%, gives us enough flexibility to grow our loan book as long as we get constructive opportunity.
Saurabh Kumar · JPMorgan
directI'm not clear on how that translates to the 15 basis points that, of normalized reduction that you're coming to. On a reported basis, we have declined net interest margins by 12 basis points. 9 basis points of the 12 basis points is DAU... 3 basis points in the last quarter was a one-off item, which is interest on income tax refund.
Saurabh Kumar · JPMorgan
directOur attrition rate has remained in the same zone for quite some time... In nutshell, we do not expect our staff costs to go up because of a slight movement in attrition number, either up or down.
Abhishek Murarka · HSBC
partialLast year, we had started on a improvement of NIM journey, and as part of that, we had taken some initiatives to rationalize costs. Once now our NIMs are where we want them to be, so we will be growing our home loan book. We've already put in place initiatives to grow that book, and that will be visible in Q2, Q3 onwards.
Abhishek Murarka · HSBC
partialTrend-wise, across the industry, the revolver percentage is coming down, but I obviously can't share specific numbers on trend or EMI. EMI is a trend which is increasing. On the Magnus, no, certainly it would not. We have not seen any attrition, and it will certainly not lead to any meaningful number in terms of attrition.
Speaker 15 · CLSA
evasiveThe environment allows us to continue to make investments today. We have previously demonstrated our ability to pull back costs when we need to. Therefore, if you are directly asking me, will we have an ability to manage our cost to assets ratio on a go-forward basis post the integration expenses falling away? If the environment were to deteriorate, yes, we do believe that we have levers to manage costs.
Nitin Aggarwal · Motilal Oswal
directOur current CET1 stands at 14.38%, well above our philosophical leverage level... Therefore, we do not have any plans currently to raise capital for the growth outlook that we have for financial year 2024. To your second question on is there a one-off in the net capital accretion that you have seen of 36 basis points? No.
Param Subramanian · Nomura
declinedI'm not going to call out or ratify the amount that you've calculated. We've categorically said we are one bank, one number reported. It is an integrated Axis franchise, therefore, the Citi fee is not being called out separately.
Rakesh Kumar · B&K Securities
directAs you would see on slide 18 of our presentation, we've called out a June 2023 outflow rate of 23.7%. If you look at broadly our peer bank set, we've reached the range that we have historically operated in and continue to operate in. The efficiency there would be at the margin, because we've seen a significant improvement in the last 24 months. That lever of main improvement is getting optimized, and we have limited to no scope of improvement on a go-forward basis.
Aravind R · Sundaram Alternates
declinedAs you're aware, we don't give product-wide yields out. I do indeed allude to how the market has moved on revolve plus, cards loans. We do not have any particular yield call-out on the cards portfolio that we can disclose to you.
