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Axis Bank Q1 preview: 15% growth in NII seen, exposure to stressed assets eyed

Analysts at Prabhudas Lilladher, for instance, peg the bank's profit at Rs 1,860.3 crore, up 165 per cent YoY. This would be a nearly 24 per cent rise sequentially

Axis Bank Q1 preview: 15% growth in NII seen, exposure to stressed assets eyed
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Nikita Vashisht New Delhi
Improved loan growth and increased net interest income (NII) could aid private lender Axis Bank to report an over 150 per cent rise in the net profit for April-June quarter for the fiscal year 2019-20 (Q1FY20).  The bank, which reported a PAT of Rs 701.1 crore in the same quarter last year, is scheduled to report this year’s quarterly result on Tuesday, July 30.

Analysts at Prabhudas Lilladher, for instance, peg the bank’s profit at Rs 1,860.3 crore, up 165 per cent YoY. This would be a nearly 24 per cent rise from the sequential profit of Rs 1,505.1 crore reported
Topics : Axis Bank

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First Published: Jul 29 2019 | 1:03 PM IST

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