![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.
Credit growth outpaces deposit growth—an indication of rising competition, says Ind-Ra; five PSBs exiting RBI’s Prompt Corrective Action framework will add fuel to it as they will look for growth
A report by CRISIL says an uptick in credit demand in FY19-FY20 will require banks to raise funds through fresh deposits.