Asset quality, provisions key monitorables in Axis Bank's Q1 nos: Analysts

Axis Bank is scheduled to report its June quarter earnings for financial year 2020-21 (Q1FY21) on Tuesday, July 21. Owing to the Rs 7,730.02 crore provisions set aside in the March quarter of FY20, analysts expect lower sequential provisioning in the quarter under review. Besides, loan growth may be tepid due to loss of business amid Covid-19 induced nationwide lockdown.

The stock has underperformed the benchmark S&P BSE Sensex and sectoral S&P BSE Bankex index during the quarter ended June, 2020, ACE Equity data show. While the lender’s stock advanced only 7 per cent during the three-month period, the benchmark index