Axis Bank Ltd. share price target

Margins at 3.75% amongst the best in the industry Net interest income up 23.5%YoY Traction in operating profits, up 24.2%YoY Background: Axis Bank, the third largest private sector bank behind ICICI Bank and HDFC Bank. The bank features in the top league on various parameters such as business per employee and profit per employee. The bank operates a network of about 1,493 and 8,324 ATMs. Axis...

The bank continued to outperform the industry on the loan book front; albeit at a slower pace of 21.4% (YoY). The bank pared loans to key sectors including the corporate and SME segments; on a sequential basis credit growth was amongst lower by about 7.4%. The loan book stood at about Rs 1,31,900 crore. Deposits were up 24%, the CASA ratio continued to hover about the 40% mark. The investment book was up 31% at Rs 75,300 crore. Total assets were reported at about...

private sector bank behind ICICI Bank and HDFC Bank. The bank features in the top league on various parameters such as business per employee and profit per employee. The bank operates a network of about 1,400 branches and 6,300 ATMs. Axis Bank has been consistently bettering its performance over the last several quarters (YoY basis). As of March30th 2010 the...

private sector bank behind ICICI Bank and HDFC Bank. The bank features in the top league on various parameters such as business per employee and profit per employee. The bank operates a network of about 1,100 branches and 4,900 ATMs. Axis Bank has been consistently bettering its performance over the last several quarters (YoY basis). As of September 30th 2010...

private sector bank behind ICICI Bank and HDFC Bank. The bank features in the top league on various parameters such as business per employee and profit per employee. The bank operates a network of about 1050 branches and 4,500 ATMs. Axis Bank has been consistently bettering its performance over the last several quarters (YoY basis). As of June 30th 2010 the...

private sector bank behind ICICI Bank and HDFC Bank. The bank ranks among the top five on various parameters such as business per employee and profit per employee. The bank operates a network of about 1030 branches and 4,300 ATMs. Axis Bank has been consistently bettering its performance over the last several quarters (YoY basis). As of March 31st 2010 the...

private sector bank behind ICICI Bank and HDFC Bank. The bank ranks among the top five on various parameters such as business per employee and profit per employee. The bank operates a network of about 940 branches and 4,000 ATMs. Axis Bank has been consistently bettering its performance over the last several quarters (YoY basis). As of December 31st 2009...

Despite the step up in business, credit and deposits growth were amongst the lowest in a series of quarters. Low lending activity in the June quarter dampened the second quarter balance sheet numbers. On a YoY basis credit growth was recorded at 17.7% lowest in six quarters. The loan book stood at Rs 81,044 cr recording a sequential growth of 3.8%. Deposits also reflected a similar pattern with a 4.9% QoQ growth and 12.4% YoY growth. Total assets were reported at Rs 1, 51,714 crore, a 7.5% rise on...