In the nine months so far, on a cumulative basis, 85% of the bank's corporate slippages came from the watch list. Axis Bank on Thursday reported a 73% year-on-year fall in its net profit to R580 crore for the December quarter. Speaking to ... Financial Express, 1 hour ago
Axis Bank eyes 18-19% loan growth, says slippages to continue - Money Control, 2 months ago
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Axis Bank suffered on the asset quality front in Q3 with gross NPA rising 105 basis points (bps) sequentially to 5.22%. In absolute terms, gross NPAs stood at R20,467 crore at the end of December 2016. Private sector lender Axis Bank on Thursday ...Financial Express, 46 minutes ago Axis Bank profit falls 73% as bad loans mount, provisions surge Livemint.com, 3 hours ago Axis Bank’s Q3 profit falls 73% The Financial Chronicle, 5 hours ago Axis Bank Q3 Net Dips 73 Per Cent To Rs 580 Crore On Bad Loan Woes Businessworld India, 8 hours ago
MUMBAI: Fortunes of Indian banks varied widely with infrastructure focused lenders continuing to reel under bad loans, while those with no exposure to builders of road or power plants continuing to post robust earnings. Axis Bank, third largest ...Economic Times, 9 hours ago Mixed fortunes forAxis Bank and Yes Bank inQ3earnings Economic Times, 9 hours ago
MUMBAI: Bankers are hoping that the sharp cut in lending rates in the New Year will give a fillip to credit growth, which is languishing near a 54-year low. For now though, demand is more likely from individuals to buy homes and vehicles and for ...Economic Times, 2 weeks ago
Speaking to CNBC-TV18 Anshula Kant, Deputy MD CFO of SBI said that deposit growth has been strong for the bank. Sudhin Choksey, MD of Gruh Finance, said that demand side incentives are a significant relief to families in the segment. Jairam Sridharan, CFO, ...Money Control, 2 weeks ago
MUMBAI: Amid rising decibels of the demonetisation debate banks are silently preparing for an upcoming event: Ind AS 109 or Indian Accounting Standard, a global accounting practice that lenders are mandated to adopt that may lead to initial credit ...Economic Times, 4 weeks ago Will new accounting norms hurt bank earnings? Economic Times, 4 weeks ago
Aggregate gross non-performing assets (NPAs) in the Indian banking system jumped more than 98% year-on-year to Rs 6,68,824.72 crore during the quarter ended September, as the asset quality at private-sector banks underwent severe deterioration, even ...Financial Express, 2 months ago
The banking sector remained under pressure due to a variety of reasons like high amount of bad loans, higher provisioning for future defaults and tepid loan growth, showed the financial results declared by lenders for quarter ended September 30. But ...The Financial Chronicle, 2 months ago
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