Axis Bank: Asset concerns
Axis Bank, which declared its results last week, is likely to see some more pain in the coming quarters. The still sizeable additions to bad loans, stress from outside the watch list and, more importantly, divergences in asset classification and provisioning from the RBI norms — all indicate that asset quality woes are yet to bottom out. Earnings have shrunk by 55 per cent in fiscal 2017. The...
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