Key Points
Leading private lender Axis Bank is expected to post double-digit growth in net interest income (NII) on a year-on-year (YoY) basis, but the numbers may not be comparable with last year's period due to Citi's acquisition...
On a quarter-on-quarter (QoQ) basis, NII is likely to be flattish, and net profit is seen declining (up to 5%) for the July-September period...
Analysts are building in loan growth of 3% QoQ, and net interest margins (NIMs) may decline up to 23 basis points QoQ due to the higher cost of deposits..
In the recent first quarter, the bank posted a net profit of Rs 5,797 crore, up 40% YoY..
The banks net interest income during the same period grew 27% YoY to Rs 11,959 crore...
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