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Axis Bank Q2FY20 earnings today: Here's what to expect

Updated : October 22, 2019 08:51 AM IST

Private sector lender Axis Bank will be reporting its Q2FY20 results on Tuesday. Loan growth between 12 percent and 13 percent will be seen as a positive. It stood at 12.7 percent in the previous quarter.

At the fag end of the quarter, the bank raised capital of Rs 12,500 crore which will aid net interest margin (NIM) going ahead. The higher yields on the retail portfolio are likely to keep the NIMs stable. It was 3.4 percent in the last quarter.

Analysts expects slippages between Rs 3,600 crore and Rs 4,500 crore, while it was at Rs 4,800 crore in the last quarter. It will be interesting to see where the slippages come from, whether they come from the watchlist of Rs 10,000 crore or from standard book will be watched closely. If more of them come from the watchlist, it will be taken positively.

There is an expectation of a 5 basis points (bps) improvement in gross non-performing assets (NPAs) to about 5.20 percent versus 5.25 percent.

CNBC-TV18’s poll suggests net interest income (NII) growth of 14.3 percent while on account of the deferred tax adjustment, the net profit could be down about 15.5 percent.
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