Axis Bank Q3 Preview: PAT could decline 8% YoY as margins come under pressure; credit growth is recovering

Private lender Axis Bank is expected to report mixed performance for the December quarter, with steady balance sheet growth offset by pressure on margins and profitability. On average, five brokers expect net interest income (NII) to rise by around 4% year-on-year, while profit after tax (PAT) will fall by around 8% from a year earlier. […]