ADVERTISEMENT
Axis Bank's Asset Quality Dip In Q1 Is Neither Seasonal Nor Normal
This is first time in three years that the bank has seen a spike in its NPA ratio in Q1 of a financial year.
25 Jul 2024, 04:46 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
![NDTV Profit](/icons/timer.svg)
![<div class="paragraphs"><p>Axis Bank board and ATM machine (Photographer: Vijay Sartape/ Source: NDTV Profit) </p></div>](https://media.assettype.com/bloombergquint%2F2024-04%2F0841b03c-082e-4405-a993-89347422f5bf%2FAxis_Bank_Board_and_ATM_Machine__Photographer__Vijay_Sartape___Source__NDTV_Profit__12_02_2024_.jpg?rect=0%2C0%2C4032%2C2268&auto=format%2Ccompress&w=200)
Axis Bank board and ATM machine (Photographer: Vijay Sartape/ Source: NDTV Profit)
India's third-largest private sector lender, Axis Bank Ltd., reported a mixed bag of numbers for the April-June quarter, with asset quality deterioration. While the management contends that this was due to seasonal weakness in the agricultural portfolio, data shows that this is not business as usual at the bank.This is the first time in three years that the bank has seen a spike in its non-performing asset ratio in the first quarter ...
![](/images/white_gradient.png)
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
ADVERTISEMENT