Axis Bank shares tank 6% post Q3; here’s why
Axis Bank’s Q3 profit of ₹6,071 crore was slightly short of the market expectations, while NII was mostly in line with projections.
Axis Bank’s Q3 profit of ₹6,071 crore was slightly short of the market expectations, while NII was mostly in line with projections.
The private lender’s Q4 profit was impacted by ₹12,490 crore payout towards the Citi acquisition.
Axis Bank has reported a 62% YoY rise in its net profit at ₹5,853 crore in Q3 FY23, aided by improvement in operating metrics and asset quality.