NIFTY 50

Axis Bank Q2 results preview: Loan growth of 12% likely; net profit could grow 36%

Updated : November 02, 2018 08:40:26 IST

India's third-largest private lender Axis Bank is all set to report its quarterly results on Friday.

Here is what is expected from the company today:
  • The key focus will be on how the slippages. Last quarter, they were at Rs 4,300 crore. This quarter, analysts are expecting the slippages to be between Rs 5,000 crore and Rs 6,000 crore.
  • Loan growth is expected to be at around 12 percent. Last quarter it was at 14.5 percent.
  • CNBC-TV18’s poll suggests net interest income (NII) growth of 11.5 percent while on a lower base given the lower profit even in this quarter, net profit is expected to grow at 36 percent.
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