![Axis Bank’s 95% profit growth is lacklustre](https://images.assettype.com/fortuneindia%2F2018-09%2Ffdfdc706-9da5-41f8-ab93-150508d01f26%2Fgallery_img6.jpg?rect=0,80,358,179&w=300&q=95)
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.