BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Axis Bank Ltd. announced a deal on Wednesday to acquire Citibank India's retail assets, which is net positive for Axis Bank from a business standpoint. Our view regarding the deal includes the following key aspects-
the rationale for the deal makes sense for Axis Bank due to a variety of reasons,
integration of Citi's business will be a key monitorable but importantly, there is some downside protection built into the deal for Axis Bank,
we think that the deal will be return on equity accretive in FY24E and raise our FY24E profit after tax estimate by 3.5%.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
