Highlights - Tepid numbers as the bank recognises post Covid stress - Further step-up of provision — provision coverage at 75 per cent on recognition of full stress - Total provision 116 per cent of gross NPA and non-NPA provision 2.08 per cent of standard assets - Minuscule restructuring only for viable cases - Loan book growth driven by secured retail, quality of loan book steadily improving - Adequate capital and excellent liability to propel growth - Valuation re-rating on the cards as normalcy returns Axis Bank’s...
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