{"id":74603,"date":"2022-11-23T15:00:00","date_gmt":"2022-11-23T09:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=74603"},"modified":"2022-11-23T16:00:57","modified_gmt":"2022-11-23T10:30:57","slug":"sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/","title":{"rendered":"S&#038;P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1786148994\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>US-based agency, S&amp;P Global Ratings on November 21 upgraded Axis Bank&#8217;s long-term issue rating on their senior unsecured notes to &#8216;BBB-&#8216; from &#8216;BB+&#8217; on improving asset quality. In addition, it raised the private lender\u2019s long-term and short-term issuer credit rating on the lender to &#8216;BBB-\/A-3&#8217; from &#8216;BB+\/B\u2019 and kept the outlook &#8216;Stable&#8217; for the bank.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1883619418\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The agency said that India\u2019s robust economic growth should support borrowers\u2019 creditworthiness and Axis Bank\u2019s weak loans, or nonperforming loans could decline to 2.5-3 percent of total loans by end-March 2023, from 3.7 percent as of March 31, 2022. It added that the bank can absorb the impact of higher inflation and interest rates.&nbsp;<\/p><p>\u201cThe stable outlook reflects our view that the bank will maintain its strong market position in India\u2019s banking sector over the next two years. The bank\u2019s capitalization should stay comfortable\u2026 Steady growth in Axis Bank\u2019s retail deposit base as well as good access to capital markets should support its funding profile\u201d S&amp;P said.&nbsp;<\/p><p>Further, it said that an upgrade of Axis Bank is unlikely over the next one or two years, as it would require an improvement in the bank\u2019s financial profile as well as the sovereign credit rating in India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3012471420\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Emkay Global has a buy call on the shares of Axis Bank with a target price of \u20b9 1,110.00. Its shares were trading at \u20b9 876.40 apiece at 02:18 PM on Wednesday. This translates to an upside of 25.51 percent as compared to its current share price.&nbsp;<\/p><p>The bank reported a consolidated total income of \u20b9 25258.80 crores in the latest quarter (Q2FY23), up 11.34 percent as compared to \u20b9 20966.61 crores reported in the corresponding quarter last year.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1918250481\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>US-based agency, S&amp;P Global Ratings on November 21 upgraded Axis Bank&#8217;s long-term issue rating on their senior unsecured notes to &#8216;BBB-&#8216; from &#8216;BB+&#8217; on improving asset quality. In addition, it raised the private lender\u2019s long-term and short-term issuer credit rating on the lender to &#8216;BBB-\/A-3&#8217; from &#8216;BB+\/B\u2019 and kept the outlook &#8216;Stable&#8217; for the bank.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-74603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside\" \/>\n<meta property=\"og:description\" content=\"US-based agency, S&amp;P Global Ratings on November 21 upgraded Axis Bank&#8217;s long-term issue rating on their senior unsecured notes to &#8216;BBB-&#8216; from &#8216;BB+&#8217; on improving asset quality. In addition, it raised the private lender\u2019s long-term and short-term issuer credit rating on the lender to &#8216;BBB-\/A-3&#8217; from &#8216;BB+\/B\u2019 and kept the outlook &#8216;Stable&#8217; for the bank.&nbsp; [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-23T09:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-23T10:30:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/\",\"url\":\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/\",\"name\":\"S&P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg\",\"datePublished\":\"2022-11-23T09:30:00+00:00\",\"dateModified\":\"2022-11-23T10:30:57+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&#038;P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"S&P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside - Trade Brains Features","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/","og_locale":"en_US","og_type":"article","og_title":"S&P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside","og_description":"US-based agency, S&amp;P Global Ratings on November 21 upgraded Axis Bank&#8217;s long-term issue rating on their senior unsecured notes to &#8216;BBB-&#8216; from &#8216;BB+&#8217; on improving asset quality. In addition, it raised the private lender\u2019s long-term and short-term issuer credit rating on the lender to &#8216;BBB-\/A-3&#8217; from &#8216;BB+\/B\u2019 and kept the outlook &#8216;Stable&#8217; for the bank.&nbsp; [&hellip;]","og_url":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2022-11-23T09:30:00+00:00","article_modified_time":"2022-11-23T10:30:57+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/","url":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/","name":"S&P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg","datePublished":"2022-11-23T09:30:00+00:00","dateModified":"2022-11-23T10:30:57+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/index-1265-Cover-image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/sp-global-upgrades-rating-of-this-large-cap-bank-emkay-global-sees-26-upside\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"S&#038;P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/74603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=74603"}],"version-history":[{"count":3,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/74603\/revisions"}],"predecessor-version":[{"id":74611,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/74603\/revisions\/74611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/69895"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=74603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=74603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=74603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}