Axis Bank’s 95% profit growth is lacklustre
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
Worst quarterly performance in 20 quarters; net profit plunges to ₹113.8 crore from ₹1,260.36 crore a year ago due to higher provisioning.