I think that NPA numbers could be worse...i am not sure if the reporting of these numbers is absolutely clean ( this should be generic for banking). But Axis has been too aggressive and asset quality can be a big concern.
Also, i think they are like ICICI say 4-5 years ago and they can be exposed to black swans.
1 comment:
Hi Vivek,
short and good analysis. My 2 cents:-
I think that NPA numbers could be worse...i am not sure if the reporting of these numbers is absolutely clean ( this should be generic for banking). But Axis has been too aggressive and asset quality can be a big concern.
Also, i think they are like ICICI say 4-5 years ago and they can be exposed to black swans.
Post a Comment