Highlights - Asset quality improves in Q4FY20 but troubles ahead - Substantial provisions led to losses in Q4 - Business parameters healthy; traction in deposits and granular retail advances - De-risking of book in the past should yield good results - FY21 to be soft, but will emerge stronger post crisis - Accumulate gradually on deep cuts in the market Axis Bank (CMP: Rs 455, Market cap: Rs 128,548 crore) showed its prudence by creating significant provisions for probable COVID-19 led asset quality stress and reported a...
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