0
Business
Axis Bank slips despite 'Buys' as provisions cast a shadow
April 28, 2026
Scroll
Posted 2 hours ago by
Axis Bank shares fell 3 despite analysts maintaining a positive outlook, with 94 recommending 'Buy'. The bank's loan growth was strong, but provisions for the West Asia conflict rose significantly, impacting performance. Management's cautious approach to strengthening provisions, while improving asset quality, led to higher credit costs.
Economic Times
Coverage and analysis from India. All insights are generated by our AI narrative analysis engine.
India
Bias: center
People's Voices (0)
Leave a comment
0/500
Note: Comments are moderated. Please keep it civil. Max 3 comments per day.