EXECUTIVE SUMMARY. The market has not been kind to Axis Bank after its 1QFY2020 results. The share price has fallen 7%, as compared with a fall in the NIFTY of only 2%. While analysts have raised concerns on the elevated credit costs and high slippages to gross non-performing assets, the major issue remains whether the surge in share price that welcomed the arrival of Amitabh Chaudhry, the new CEO, was premature, and whether the entry of erstwhile HDFC Bank executives in Axis Bank would take time to address the underlying legacy concerns on asset quality. The continuing sharp growth in retail loans, especially in unsecured personal loans and automobile loans, could also add to concerns as the economic slowdown deepens.
Recent Posts
Most Popular
Remembering Dr KC Chakrabarty former Deputy Governor, Reserve Bank of India
https://www.youtube.com/watch?v=LlO7CIithVE
Organised by Moneylife Foundation.
List of Speakers in Order of Appearance
Papa, My Hero
By
Somindra Kishen Hazari Jr.
Air India Flight AI-118 Toronto-Delhi, Flying Somewhere Over Russia
Remembering Somi
By
Rabindra Kishen Hazari Jr.
Mes Amis. Thank you all for your messages and calls and...
Somi’s Song
By
Sunil Khanna (Kheru) - Somi's schoolmate from 1st till 12th std. (1967 - 1978/1979)
Prima...
SEBI Disclosure Circular, a Blow Against the Exclusive Information Club
EXECUTIVE SUMMARY. In a major development, the Securities and the Exchange Board of India (SEBI) has finally instructed listed entities to disclose...