External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

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

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Deposit Growth Temporarily Impacted; Recovery Underway: In Q4, IDFCFB’s deposit growth was flat QoQ, impacted by a combination of SA rate rationalisation, tight systemic liquidity, seasonal outflows, and a one-off incident at the Haryana branch.</li><li>Encouragingly, early trends in Apr’26 indicate a revival in deposit accretion momentum, supported by sustained customer acquisition, thereby suggesting a return to normalised growth in the near term.</li><li>Management remains confident of returning to ~5% QoQ growth from Q1 onwards.</li></ul><p><em>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.</em></p>

Deposit Growth Temporarily Impacted; Recovery Underway: In Q4, IDFCFB’s deposit growth was flat QoQ, impacted by a combination of SA rate rationalisation, tight systemic liquidity, seasonal outflows, and a one-off incident at the Haryana branch.Encouragingly, early trends in Apr’26 indicate a revival in deposit accretion momentum, supported by sustained customer acquisition, thereby suggesting a return to normalised growth in the near term.Management remains confident of returning to ~5% QoQ growth from Q1 onwards.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.

IDFC First Bank Ltd - Steady Recovery Underway; Operating Leverage to Drive RoA Improvement