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India Financials

Saumya Agarwal

Equity Bottom-Up

Axis Bank, India’s third largest private sector bank by advances, reported a manifold increase in FY21 net profit driven by a pick-up in revenue drivers and a decline in credit costs. However, NPA’s in the Corporate and SME segment continue to weigh down on the asset quality, despite higher write-offs and moderation in fresh slippages.

Axis Bank, India’s third largest private sector bank by advances, reported a manifold increase in FY21 net profit driven by a pick-up in revenue drivers and a decline in credit costs. However, NPA’s in the Corporate and SME segment continue to weigh down on the asset quality, despite higher write-offs and moderation in fresh slippages. 

Axis Bank Q4FY21 Results – Corporate and SME Asset Quality in Focus

Axis Bank Ltd

Axis Bank Q4FY21 Results – Corporate and SME Asset Quality in Focus