AXISBANK / Q2-FY25 / 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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WatchQ2-FY25 · 2024-10-22Back to quarter ↗

Questions audited

Answered directly

54%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Mahrukh Adajania · Nuvama

partial

Plans to accelerate deposit growth given quality achieved?

We are growing at 200 basis points higher than the industry. ... In the first half, we've grown deposits 14% ... it's our endeavor to continue to push for higher, better, and better quality growth from here.

Mahrukh Adajania · Nuvama

direct

IT refund this quarter?

In the current quarter, we have favorable orders from the ITAT ... the aggregated amount of tax provision reversed ... is INR 550 crore.

Mahrukh Adajania · Nuvama

direct

Vintage of write-offs?

A dominant part of the write-off for the current period has come from our CBG and Retail portfolio.

Rikin Shah · IIFL Securities

direct

Reason for jump in SLR investments?

Please look at overnight placements plus SLR together. ... there will be a net increase ... of roughly about INR 3,800-INR 3,900 crore. ... Yes, there is an increase in the SLR securities on account of the run-off comment.

Rikin Shah · IIFL Securities

partial

Retail slippages: unsecured or other segments?

Directionally, they are coming from the unsecured product segments. We have never given you product-specific details, so we would not like to start doing that now.

Rikin Shah · IIFL Securities

direct

Recoveries catch-up from Q1?

Our recovery from written-off accounts for the quarter are actually up 49% to up 67% sequentially. ... if you add the two quarters together, you pretty much get what we had promised.

Rikin Shah · IIFL Securities

evasive

Impact of draft RBI norms on subsidiaries?

The bank is reviewing and evaluating implications ... We will wait for the final guidelines to determine our position ... we will do what's in the best interest of our shareholders.

Kunal Shah · Citigroup

partial

Loan growth lagging in home, vehicle, corporate?

We're expecting to see a pickup in the loan growth in this quarter and the next, but we will continue to calibrate the composition of the loan growth ... in order to optimize the best return.

Kunal Shah · Citigroup

partial

Cost of deposits outlook?

As long as the market remains disciplined about pricing for deposits, we would expect a reasonable part of the bank book to be repriced. ... we have remained very disciplined on deposit pricing.

Nitin Aggarwal · Motilal Oswal

partial

Comfortable CD ratio and LCR threshold?

We will operate in a range. ... Our reported number for the current quarter is a number we are comfortable with at the moment. ... we have revisited the risk rates and operational deposits ... that's the reason why you're seeing outflow rates move up.

Saurabh Kumar · JPMorgan

evasive

CASA growth outlook and rate cut impact?

Difficult to give a forecast for next quarter ... all the actions that we're taking ... should continue to ensure that we are able to deliver to our objectives.

Chintan Joshi · Autonomous

evasive

Have fresh slippages peaked in unsecured?

It's too early into the cycle to take a call either way ... I don't think we would call out a peak or a trough either way.