Axis Bank Q4 Results

In a Q&A, the lender's MD & CEO, Amitabh Chaudhry, also dwells on the stimulus package announced by the government, and risk aversion by banks

The bank's slippages moderated significantly in March, but provisioning costs because of the coronavirus rose.

Net interest income for the quarter, which is interest earned less interest expended, increased by 21 per cent to Rs 5706 crore from Rs 4730 crore in the previous year's quarter

Axis Bank's gross NPA declined from Rs 30,854.6 crore to Rs 29,789.4 crore on a sequential basis while Net NPA also dropped 30 basis points (bps) to 2.06 per cent