📰 Axis Bank Drops 4% as Citi Delays NIM Recovery Outlook

Shares of Axis Bank fell over 4% on Dec 16 after Citi Research said NIM recovery may shift to Q4 FY26 / Q1 FY27 from Q3 FY26. Citi maintained a Neutral rating with a ₹1,285 target, citing limited upside despite improving corporate loans and stabilising retail stress. The stock’s fall dragged Nifty Bank down about 0.6%. #AxisBank #BankNifty #StockMarketNews #BrokerageView #IndianBanks