scorecardresearchICICI Securities is ‘bullish’ on this bank, says may rally over 60%

ICICI Securities is ‘bullish’ on this bank, says may rally over 60%

Updated: 05 Jul 2022, 02:12 PM IST
TL;DR.
Axis bank net profit increased by 50% year on year (YoY) to Rs. 4,417.7 crore, up from Rs. 2,941 crore in the same quarter last year. Net interest income (NII) increased by 17% year on year to 8,819 crore. The net interest margin (NIM) for the quarter came in at 3.49 per cent.
Axis Bank's credit card base will grow by 31%, with significant increases in customer spending.

Axis Bank's credit card base will grow by 31%, with significant increases in customer spending.