Axis Bank is expected to report an increase in net profit that has almost three times three times until RS 3,046 Crore in the quarter ended in December, assisted by a sharp decline in the provisions for bad loans, MoneyControlages polls showed.

ICICI Securities expects Private Lender provisions to reject 49 percent year to RS 4,604 Crore.

“Axis Bank has been pro-actively built an aggressive supply buffer. Asset quality performance has been better than expected in the recent quarter, which we expected to continue,” said the Morgan Stanley company in the preview record.

Lenders are expected to report a decrease in slippages and credit costs as a matter of asset quality increases.

Oswal Motilal’s financial services expect the quality of assets to remain stable in sequence. This broker looked at the ratio of gross non-performance assets Bank Axis at 3.7 percent compared to 3.5 percent in the previous quarter. Net non-performing assets tend to remain unchanged at 1.1 percent of loan books, Oswal Motilal financial services said.

Lender’s clean interest income is likely to rise 12 percent in the year to Rs 8,230 Crore, according to the MoneyControl poll. Institutional Equity Box and Morgan Stanley expect bank loan books to grow 11 percent in and 4-5 percent in the quarter.

“The sustainable focus towards the guaranteed retail segment, the company’s better-ranked transformation initiative ‘sankalp’ for MSMEs (micro, medium and small) must help the bank provide a total loan growth of 13 percent yoy,” said ICICI Securities, “said the preview record.

Axis Bank can report 2 percent pre-pre-provisioning operating profit growth in the year to RS 6,095 Crore. Morgan Stanley said the worst in terms of muted operating performance is likely to bank because it can report more than 11 percent of the core growth in the PPP in the quarter.

The lender’s net flower margin is likely to be around 3.7 percent, not changed from last year but higher in sequence.