ICICIdirect, the brokerage firm started estimating the revenue of the banking sector for the 2nd quarter this year. While estimating the revenue of the Axis Bank for the 2nd quarter this year, the firm estimates that the bank would have de-growth of 7.6 % and annual growth of 15.9 %. The net profit of the bank would be Rs 1,301.7 crore. The firm as well predicts that the net interest revenue of the bank will be decreased by 1.3 % on a quarterly basis, and the overall interest revenue will be accounting for Rs 2,829.8 crore.
It is expected that the business growth will be passive at approximately 11 % with a credit growth of 16 % on a yearly basis with the healthy retail traction.