Axis Bank reported a modest 2.9% net profit increase for the third quarter, impacted by a narrower net interest margin and higher credit costs. This was partly due to a technical change in loan accounting, which also affected gross slippages. Despite this, the bank saw deposit and loan book growth, with a focus on recalibrating its loan portfolio.
Axis Bank posts a 2.9% rise in Q3 net amid thinning margin
Published 4 hours ago
Source: economictimes.indiatimes.com
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