Capital First Ltd.
Capital First Ltd.
16 May 2017
Axis Direct
PAT rose ~49% YoY, inline with our expectation, supported by both strong NII growth (+47% YoY) and non- interest income (2x YoY).NIM rose to double digits for the first time at 10.1% (+71 bpsQoQ),as AUM mix skewed towards high-yielding assets(CD/2W).AUM growth (+24% YoY) though healthy, was not back
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