ADVERTISEMENT

Axis Bank Q2 Review— Technical Episodes Dominate Business Fundamentals, Says HDFC Securities Maintaining 'Add'

HDFC Securities maintains Add on Axis Bank with a revised target price of Rs 1,265.

<div class="paragraphs"><p>Basis regulatory advice, Axis Bank absorbed a onetime additional standard provision to the tune of Rs 12 billion, on account of PSL declassification. (Photo: Company)</p></div>
Basis regulatory advice, Axis Bank absorbed a onetime additional standard provision to the tune of Rs 12 billion, on account of PSL declassification. (Photo: Company)
Despite its claims of conservatism, Axis Bank has consistently been inferior to its peers on underwriting and impairment recognition policies, impacting sustainability of its earnings and repeatedly testing stakeholder confidence.
To continue reading this story
You must be an existing Premium User
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit