Axis Bank Q3FY22 Preview: Axis Bank is slated to report its December quarter result (Q3FY22) later today. Ahead of the earnings, the shares of the private lender fell a per cent at Rs 703 apiece in the intra-day trade on the BSE.
Here're expectations from the bank's result:
Asset quality has been in-line or better-than-expected in recent quarters, which we expect to continue. With this backdrop, we expect lower slippages of Rs 3,250 crore (2.2 per cent of trailing loans, annualized) compared with Rs 5,460 crore (3.9 per cent) last quarter and normalized credit cost of 120 bps.