Thursday, March 2, 2023

Axis Bank may face P&L hit in Q4 on Citi India retail buyout

Analysts say that since the lender would also have a post-integration expense of ₹1,500 crore expensed over 18 months, the deal will only be profit accretive at the end of the calendar year 2024.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/axis-bank-may-face-pl-hit-in-q4-on-citi-india-retail-buyout/articleshow/98372843.cms

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