Axis Bank Shares Tumble, Drag Bank Nifty

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Axis Bank Drops 4% in Early Trade:
Axis Bank shares slipped over 4% on December 16, hitting around ₹1,231, after Citi Research highlighted continued pressure on net interest margins

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Citi Sees Delayed NIM Recovery
Citi expects Axis Bank’s NIM recovery to shift to Q4FY26 or even Q1FY27, instead of the current Q3FY26, keeping near-term earnings outlook cautious

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Neutral Rating, Limited Upside:
Citi maintained a ‘Neutral’ call on Axis Bank with a target price of ₹1,285, indicating minimal upside from the previous close of ₹1,284.8

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Mixed Business Trends Emerge:
Corporate lending traction is improving, while retail demand is recovering pent-up demand. However, Citi flagged the need to monitor sustainability

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Axis Bank Shares Tumble, Drag Bank Nifty

Axis Bank Drops 4% in Early Trade: Axis Bank shares slipped over 4% on December 16, hitting around ₹1,231, after Citi Research highlighted continued pressure on net interest margins

Citi Sees Delayed NIM RecoveryCiti expects Axis Bank’s NIM recovery to shift to Q4FY26 or even Q1FY27, instead of the current Q3FY26, keeping near-term earnings outlook cautious

Neutral Rating, Limited Upside: Citi maintained a ‘Neutral’ call on Axis Bank with a target price of ₹1,285, indicating minimal upside from the previous close of ₹1,284.8

Mixed Business Trends Emerge: Corporate lending traction is improving, while retail demand is recovering pent-up demand. However, Citi flagged the need to monitor sustainability

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Axis Bank Drops 4% in Early Trade:
Axis Bank shares slipped over 4% on December 16, hitting around ₹1,231, after Citi Research highlighted continued pressure on net interest margins

Citi Sees Delayed NIM Recovery
Citi expects Axis Bank’s NIM recovery to shift to Q4FY26 or even Q1FY27, instead of the current Q3FY26, keeping near-term earnings outlook cautious

Neutral Rating, Limited Upside:
Citi maintained a ‘Neutral’ call on Axis Bank with a target price of ₹1,285, indicating minimal upside from the previous close of ₹1,284.8

Mixed Business Trends Emerge:
Corporate lending traction is improving, while retail demand is recovering pent-up demand. However, Citi flagged the need to monitor sustainability