Diabytes
Axis Bank Q2 net profit News
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Shares of Axis Bank slumped over 8 percent Wednesday after the company's July-September quarter net plunged by 83 percent.
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Private sector Axis Bank Tuesday reported 83 percent plunge in net profit for the July-September quarter at Rs 319 crore mainly due to higher provisioning for bad loans.
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Shares of Axis Bank Wednesday slumped over 7 percent, wiping out Rs 9,119 crore from its market valuation after the company's September quarter results sparked concerns related to impairments of assests.
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Private sector lender Axis Bank Tuesday reported a 18.93 percent increase in its net profit at Rs 1,915.64 crore for the second quarter ended September 30.
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