Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 October, 2020 00:38 IST
Axis Bank swings to net loss in Q4 at Rs 13.88 bn on higher provisions
Source: IRIS | 28 Apr, 2020, 11.29PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Axis Bank on Tuesday posted a net loss of Rs 13.88 billion for the quarter ended March 31 against a net profit of Rs 15.05 billion in the same period last year.

Spike in provisions and contingencies dented the bottomline of the lender. The figure increased by 185% year-on-year (YoY) to Rs 77.30 billion during the quarter under review.

Shares of the company gained Rs 27.2, or 6.37%, to settle  at  Rs 454.50.  The total volume of shares traded  was  1,460,331 at  the BSE (Tuesday).

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer