Axis Bank reported Q3 FY25 profit after tax of Rs 63 billion which declined by -9% QoQ, +4% YoY.
(Image Source: Vijay Sartape/NDTV Profit)
Given the current weak deposit growth trends and elevated C-D ratio levels, we reduce Axis Bank's FY25/26/27 loan growth estimates to 9%/12%/11% from 12%/13%/14% estimates earlier.