Axis Bank - Q2 FY14 Result Update - IIFL

- Retail loan shift continues; SME growth also remains strong

- Deposit growth muted as bank utilizes raised equity; CASA was stable

- NIM continues to surprise positively; full-year margin guidance upgraded

- Fee growth moderates further; C/I ratio improves on lower cost growth

- Asset quality stress on up move; stress asset addition guidance increased

- Valuation largely captures potential risks; Retain BUY

Source : Equity Bulls

Keywords