Axis Bank: On the watchlist
Lower pace of credit offtake and pressure on margins may affect earnings
Even six to seven quarters after the RBI’s asset quality review, the festering issue of bad loans appears far from over. While the pace of slippages of loans into non-performing assets has slowed, they remain elevated for many banks. Private sector banks that had managed to keep bad loans under check up until the 2016 fiscal, have seen a spurt in NPAs over the past year, led by banks such as ICICI...
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