Axis Bank Q1 Preview: PAT may surge 45% YoY; Citi ops integration impact in focus

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Loan book, including Citibank Consumer portfolio likely to grow 2.2% QoQ..

Employee cost will have a full wage impact of Citi employee post acquisition..

Axis Banks earnings for the June quarter is expected to be better than the March quarter, as this will be the first full quarter impact of Citigroups India business integration..

In the March quarter, the private sector lender had posted a net loss of Rs 5,728 crore, primarily due to amortisation of goodwill cost pertaining to the acquisition of Citi Indias consumer business...

Decline in NIM to be lower at 3 bps QoQ to 3.99%, compared to 8 bps for banks as a whole, as the preceding quarter had seen Citi integration impact which had depressed NIM...

Full story at Economic Times | 

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