AXISBANK / Q1-FY26 / claim-ledger

Audit the questions that mattered.

Axis Bank · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY26 · 2025-07-15Back to quarter ↗

Questions audited

Answered directly

65%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Chintan Joshi · Autonomous Investments

partial

Why are credit costs elevated and NIM compression more than expected?

If you take your slippages question, adjusted for the technical impact, the slippages are exactly equal to one year equal to the Q3 FY25 number. ... The function of the actual P&L charge ... is a function of certain aging provisions plus the composition of slippages for the quarter.

Speaker 12 · Kotak

direct

Are technical downgrades recoverable and will they be upgraded?

The current intention is to recover this money, and our expectation is parts of this money will get recovered in the normal course of business as customer behavior changes ... 80% of these accounts have 100% security cover.

Kunal Rao · Citi

direct

What led to the policy change and can you give examples?

We can confirm to you that this was not regulatory-led. ... Let's take one example of a one-time settlement to illustrate ... we have stopped upgrading Sunit despite his DPD counter going to zero.

Param Subramanian · Investec

partial

Is this technical recognition a gap versus peers and what is stock vs flow impact?

We follow a benchmarking exercise once a year ... I do not think there is a bank that's more prudent than us on asset classification and upgrades combined. ... I'm not going to give you a stock versus flow impact.

Abhishek Murarka · HSBC

evasive

What would trigger higher retail growth given margin pressure?

We have demonstrated our ability to grow certain asset classes at the cost of the other asset classes ... We expect growth to come back up in some of the other asset classes also as time goes by.

Saurabh Nanavati · Sundaram Mutual Fund

partial

Will recoveries/upgrades be higher in H2 and will slippages be higher YoY?

Q2, Q3, Q4 will be more muted than Q1, simply because Q1 has corrected stock. ... we do not guide on slippages.

M B Mahesh · Kotak Securities

direct

Why did borrowers not repay to avoid NPA classification?

Puneet's behavior has not changed at all. Puneet only has INR 30 to pay. Earlier, Puneet was not being classified while the bank waited for INR 30 to come in. ... The only change now is Puneet is being classified.

Akash Bhanshali · Enam Holdings

partial

What is the net credit cost impact for FY26 and will FY27 normalize?

FY27 will be normalized with effect in comparison to FY26. That I would agree with. ... I wouldn't want to guide on what the value of recoveries and upgrades versus fresh slippages on the criteria would be.

Jay Yadav · ICICI Securities

direct

Breakup of gross vs net slippages by segment?

Net slippage reported is INR 6,053. Technical impact is INR 1,861. So apples to apples net slippages is INR 4,192. ... Reported net slippage wholesale is INR 190. CVD is INR 137. Retail is INR 5,726.

Nitin Aggarwal · Motilal Oswal

partial

Any deposit outflows after rate cut and normalized credit cost?

On deposits from after the rate cut, I don't think we've seen any shift in the INR 50 lakh deposits etc. ... Nitin, we won't give you specific guidance on what you're asking for.