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

AU Small Finance Bank Limited / Equity Bottom-Up

AU Small Finance Bank Limited (AUBANK IN)

<ul><li>Credit costs pressure to ease from H2FY26: AUSFB’s credit costs stood at 1.3% (on total assets), primarily owing to elevated stress in the unsecured portfolios, mainly MFI and Credit cards.</li><li>However, the bank has seen an improvement in collection efficiency (CE) in the MFI portfolio and expects the trend to continue into FY26.</li><li>However, near-term headwinds owing to the implementation of the MFIN guardrails 2.0 could keep credit costs higher in H1FY26, while gradually trending downwards from H2FY26. </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>

Credit costs pressure to ease from H2FY26: AUSFB’s credit costs stood at 1.3% (on total assets), primarily owing to elevated stress in the unsecured portfolios, mainly MFI and Credit cards.However, the bank has seen an improvement in collection efficiency (CE) in the MFI portfolio and expects the trend to continue into FY26.However, near-term headwinds owing to the implementation of the MFIN guardrails 2.0 could keep credit costs higher in H1FY26, while gradually trending downwards from H2FY26. 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.

AU Small Finance Bank Ltd. - 2026年度下半期からの信用コスト圧力が緩和し、RoAが改善！