Larger provisions weighed on Axis Financial institution Ltd.’s standalone internet revenue for the quarter ended March fell 0.1% to Rs 7,117.5 crore.
Provisions and contingencies of the financial institution rose 15% year-on-year to Rs 1,359 crore, in line with an trade submitting on Thursday.
Nevertheless, asset high quality of the financial institution improved with the gross non-performing-asset ratio falling to 1.28% from 1.46% 1 / 4 in the past. Web NPA ratio of the financial institution additionally was all the way down to 0.33% from 0.35% within the December quarter.
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