Axis Bank Ltd. (AxisB) Q2FY18 numbers came below our estimation with net profit plummeting 67% QoQ to Rs4,323.8 mn due to high provisioning and weak NII growth. The bank reported higher slippage of Rs89.4 bn and profitability declined due to high credit cost, however it reported strong growth in credit portfolio driven by healthy traction in retail advances. AxisB has approved its capital raising plan amounting to Rs116.3 bn which will help it to absorb credit costs and also...