Analysts raise Axis Bank's earnings forecast; to track deposit growth ahead

Axis Bank Q3 result review: Axis Bank's is moving in the right direction with improvement in net interest margins, sustaining loan growth momentum, and expansion in return profile, analysts said

Axis Bank Q3 review: With Axis Bank holding its earnings' growth momentum in the December quarter (Q3) of financial year 2022-23 (FY23), analysts have raised their net profit forecasts for upcoming financial years by as much as 15 per cent, and net interest income (NII) forecasts by 11.5 per cent.

This, they said, would be driven by acceleration in deposits, while maintaining loan growth momentum.

"Axis Bank's transformation is in the right direction with sequential improvement in net interest margins (NIMs), sustaining loan growth momentum, and expansion in return profile. Sustenance of NIMs near current levels, along with moderation in