Mumbai, December 16: Shares of Axis Bank fell to a one-month low in early trade on Monday after the bank’s management indicated that net interest margin (NIM) recovery could take longer than earlier expected. The stock came under pressure amid concerns over sustained margin stress due to funding costs and competitive lending rates.
During recent interactions, the management said margins may remain under pressure in the near term before stabilising, prompting cautious sentiment among investors. Market participants are now closely tracking the bank’s performance outlook, asset quality trends and cost of funds, while analysts expect clarity on margin recovery over the coming quarters.
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