Subdued loan growth and flat net interest margin (NIM) could dull the September quarter earnings of Axis Bank, which is slated to report its July-September quarter earnings for the financial year 2019-20 (Q2FY20) this week.
Analysts, however, seem to be divided on the growth in net profit due to ambiguity over whether the bank would provide a one-time mark-down in its deferred tax asset (DTA) or would the mark-down be spread evenly over the financial year.
Consider this: Analysts at Nirmal Bang peg the PAT at Rs 2,186 crore, up 177 per cent year-on-year (YoY) if the mark-down is evenly