ADVERTISEMENT
Axis Bank Q4 Results Review: ICICI Securities Maintains 'Buy' On Inexpensive Valuations, Hikes Target Price
Axis Bank stock trades at ~30% discount to HDFC Bank and given similar growth outcomes and improving liquidity/credit cost environment, could bridge the gap in-part, says ICICI Securities.
25 Apr 2025, 10:22 AM IST 
Save
For FY25, Axis Bank reported gross and net slippages of ~1.9% and ~1.1%, respectively.
(Image Source: Vijay Sartape/NDTV Profit)
Axis Bank acknowledged easing systemic liquidity and performance of new vintage, but did not provide quantitative guidance on growth or credit costs. There is a slight change in commentary on the normalisation of stress in personal loan and credit cards. In the current rate cycle (FY22–25), Axis has registered relatively slower deposits growth (~12.6% CAGR), prioritising quality (improvement in run-off rates, contained dip in CASA sh...
