External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Mr Chandra Shekhar Ghosh has resigned from the post of MD &amp; CEO of the bank with the intent to retire and assume a more strategic role at Bandhan HoldCo. level.</li><li>This development comes shortly after the board had recently approved the extension of Mr Ghosh’s term as MD CEO for another 3 years in Nov’23.</li><li>The bank has set up an internal search committee to identify a new MD CEO.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mr Chandra Shekhar Ghosh has resigned from the post of MD &amp; CEO of the bank with the intent to retire and assume a more strategic role at Bandhan HoldCo. level.This development comes shortly after the board had recently approved the extension of Mr Ghosh’s term as MD CEO for another 3 years in Nov’23.The bank has set up an internal search committee to identify a new MD CEO.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan Bank Ltd - MD CEO’s Resignation Raises Concerns on Future Prospects!

<ul><li>Disbursements grew by 15/4% YoY/QoQ, driven by non-EEB disbursements (+14/7% YoY/QoQ), while EEB (MFI) disbursements grew by 15/3% YoY/QoQ (growth mainly in Individual portfolio +2/6% YoY/QoQ).</li><li>Advances grew by 19/8% YoY/QoQ. MFI, Housing, Commercial, and Retail grew by 10/7% YoY/QoQ, 6/6% YoY/QoQ, 60/9% YoY/QoQ, and 70/15% YoY/QoQ.</li><li>Share of EEB book was steady at 50% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Disbursements grew by 15/4% YoY/QoQ, driven by non-EEB disbursements (+14/7% YoY/QoQ), while EEB (MFI) disbursements grew by 15/3% YoY/QoQ (growth mainly in Individual portfolio +2/6% YoY/QoQ).Advances grew by 19/8% YoY/QoQ. MFI, Housing, Commercial, and Retail grew by 10/7% YoY/QoQ, 6/6% YoY/QoQ, 60/9% YoY/QoQ, and 70/15% YoY/QoQ.Share of EEB book was steady at 50% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan Bank Ltd. - Soft Quarter; Asset Quality Improving Slowly!

<ul><li>Bandhan reported a sequential improvement in credit growth,with advances growing at 12/4% YoY/QoQ.</li><li>This was led by the EEB segment growing at 5% QoQ (flat YoY) and the nonEEB book growing healthily at 28/3% YoY/QoQ.</li><li>Disbursements rebounded after a seasonally weak Q1 and grew by 26/75% YoY/QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan reported a sequential improvement in credit growth,with advances growing at 12/4% YoY/QoQ.This was led by the EEB segment growing at 5% QoQ (flat YoY) and the nonEEB book growing healthily at 28/3% YoY/QoQ.Disbursements rebounded after a seasonally weak Q1 and grew by 26/75% YoY/QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Bandhan reported credit de-growth of ~5.5% QoQ, which was led by a slowdown in the EEB segment (impacted by elevated slippages and seasonal slowdown) and a large repayment of one short-term loan to the tune of ~Rs 2,150 Cr in the retail segment.</li><li>Total Disbursements de- grew sharply by ~54% QoQ, led by a 62% QoQ dip in EEB disbursements.</li><li>In line with our expectations, NII growth was flat YoY/QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan reported credit de-growth of ~5.5% QoQ, which was led by a slowdown in the EEB segment (impacted by elevated slippages and seasonal slowdown) and a large repayment of one short-term loan to the tune of ~Rs 2,150 Cr in the retail segment.Total Disbursements de- grew sharply by ~54% QoQ, led by a 62% QoQ dip in EEB disbursements.In line with our expectations, NII growth was flat YoY/QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan Bank Ltd. - Weak Quarter, Growth Likely to Improve Going Forward!

Thematic (Sector/Industry)

<ul><li>Pick of the Week (PoW): POW calls delivered an astounding monthly strike rate of 92% in Feb’24.</li><li>Calls that successfully achieved their target were Coal India (10%) and ACC (10%) Axis Top Picks: We are proud to share that our Axis Top Picks basket delivered impressive returns of 46% in the last one year, beating the benchmark Nifty 50 index (27% return over the same period) by a wide margin.</li><li>In Feb’24, the basket inched up further by 1.8%. A few picks that reported excellent returns included SBI (15.5%), Varun Beverage (9.7%), Coal India (7.4%), TVS Motor (7.2%), and Lupin (7.1%). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week (PoW): POW calls delivered an astounding monthly strike rate of 92% in Feb’24.Calls that successfully achieved their target were Coal India (10%) and ACC (10%) Axis Top Picks: We are proud to share that our Axis Top Picks basket delivered impressive returns of 46% in the last one year, beating the benchmark Nifty 50 index (27% return over the same period) by a wide margin.In Feb’24, the basket inched up further by 1.8%. A few picks that reported excellent returns included SBI (15.5%), Varun Beverage (9.7%), Coal India (7.4%), TVS Motor (7.2%), and Lupin (7.1%). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Axis Research Scorecard Report for Feb 2024

India

Bandhan Bank Limited operates as a commercial bank. The Bank provides accounts checking, savings deposits, money market, mortgage, and term loans services, as well as card facilities and Internet banking services. Bandhan Bank serves customers in India.

Bandhan Bank Ltd (BANDHAN IN)

Bandhan Bank Ltd - MD CEO’s Resignation Raises Concerns on Future Prospects!

Mr Chandra Shekhar Ghosh has resigned from the post of MD & CEO of the bank with the intent to retire and assume a more strategic role at Bandhan...

Axis Direct

Bandhan Bank Ltd. - Soft Quarter; Asset Quality Improving Slowly!

Disbursements grew by 15/4% YoY/QoQ, driven by non-EEB disbursements (+14/7% YoY/QoQ), while EEB (MFI) disbursements grew by 15/3% YoY/QoQ

Axis Direct

Bandhan Bank Ltd - Asset Quality Weak

Bandhan reported a sequential improvement in credit growth,with advances growing at 12/4% YoY/QoQ. This was led by the EEB segment growing at 5%...

Axis Direct

Bandhan Bank Ltd. - Weak Quarter, Growth Likely to Improve Going Forward!

Bandhan reported credit de-growth of ~5.5% QoQ, which was led by a slowdown in the EEB segment (impacted by elevated slippages and seasonal slowdown)

Axis Direct

Axis Research Scorecard Report for Feb 2024

In Feb’24, the basket inched up further by 1.8%. A few picks that reported excellent returns included SBI (15.5%), Varun Beverage (9.7%), Coal...

Axis Direct