AXISBANK / Q2-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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WatchQ2-FY26 · 2025-10-30Back to quarter ↗

Questions audited

Answered directly

63%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Chintan Joshi · Autonomous

partial

Impact of credit risk draft circular and margin performance details.

Directionally, net positive for us. ... the core part was managing the portfolio efficiently through the quarter. ... a 24 basis points uplift from the cost of funds.

Chintan Joshi · Autonomous

evasive

Relative PDs and capital impact under ECL for stressed products.

higher the PD, higher the loss ... the higher is going to be the stage one, stage two provision ... Please allow us to make a more holistic assessment and come back to you.

Mahrukh Adajania · Nuvama

direct

Why credit cost high despite low net slippage?

on a single loan account ... we've seen security erosion ... partly aging provision ... do not look at incremental provision cover to incremental slippage.

Mahrukh Adajania · Nuvama

direct

Outlook on margins and whether repricing pressure is over.

Q3 is when we should expect a bottoming of margins. That response is subject to no further rate cuts.

Rikin Shah · IIFL Capital

direct

Any one-off in NII, corporate loan yields, crop loan provisions, and PSLC cost.

No, there are no one-offs in the net interest margin for the quarter. ... INR 948 crore ... half ... charged to the current quarter. ... INR 1,231 crore translates to roughly a 5% cover...

Rikin Shah · IIFL Capital

evasive

Will net technical slippages turn negative in coming quarters?

We do not want to give quarterly guidance on where the number would be. ... Directionally, the gross technical slippage number should decline.

Harsh Modi · JPMorgan

direct

Impact of higher RWA intensity on credit spreads and costs.

The RWA is paying for itself. ... we have net accreted CET1 capital without an external fund raise.

Harsh Modi · JPMorgan

declined

When will weaker government deposit growth be offset by other areas?

We do not want to offer a comment or a timeframe by which the compression in government deposits would end.

MB Mahesh · Kotak Securities

evasive

Nature of RBI observations leading to standard asset provision.

I can't discuss specific RBI observations because they are confidential in nature. ... RBI directed the INR 1,231 crore number.

Suresh Ganapathy · Macquarie Capital

direct

Why 5% provision on crop loans if no asset quality issue?

The instruction was to make INR 1,231 crore of provision. ... It is a provision that has been prescribed as a consequence of the declassification.

Param Subramanian · Investec

direct

Are the discontinued crop loan variants unique to Axis?

all benchmarking analysis that we do in the market indicates that the product variant is widely offered in the market.

Kunal Shah · Citigroup

direct

Why margins bottom in Q3 vs Q2 for other banks?

the duration of our assets and liabilities are near matched in the 15, 18 months range. ... we are saying that quarter three is when we would expect a bottoming of margins.