Axis Bank May See 2-Fold Increase In Q1 Profit, Double Digit Growth In Loan Book

Axis Bank India's fourth-largest private sector lender by market capitalisation, is expected to report healthy numbers for June quarter on July 30. The earnings result will be closely watched by the Dalal Street especially after its closest peer ICICI Bank reported better-than-expected earnings on all fronts.

Most brokerages expect more than two-fold increase in its Q1FY20 profit on lower provisioning and stable operational income YoY. They also expect double-digit growth in NII and the loan book, compared to year-ago, with stable asset quality.

"Traction in advances is seen improving 15 percent YoY led by a focus on high yielding retail and MSME loans.

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