Share Market Tips- Axis Bank Q3 Profit seen Down 63%
Axis Bank Q3 profit seen down 63% to Rs 802 cr, slippages key
Country's third largest private sector lender Axis Bank 's third quarter profit is expected to fall 63.1 percent year-on-year to Rs 801.6 crore.
Share Market Tips- Net interest income, the difference between interest earned and interest expended, may grow 9.8 percent to Rs 4,568.5 crore in the quarter ended December 2016 compared with Rs 4,162.1 crore in same quarter last year. Key things to watch out for would be asset quality and impact on retail & SME business post demonetisation. Total amount of loans under watchlist was Rs 15,689 crore, which was 4.4 percent of the loan book at the end of September quarter. Axis Bank had sold Essar Steel to Edelweiss ARC. Impact of that may be seen in Q3FY17 Stock Future Tips- BUY TORNTPOWER 190
