Private lender Axis Bank today reported its March quarter results after market hours.
Over the past few quarters, the bank has seen a sharp improvement in its provisions and non-performing assets (NPAs).
So the market was keen on seeing if Axis Bank was able to keep up the pace in this quarter too.
Also, the bank recently acquired Citibank's retail assets in India. Market participants were eagerly waiting on its commentary around growth, credit costs and NIMs.
Here are five key takeaways from Axis Bank's results.
Ahead of its results, shares of Axis Bank closed 1.9% higher on the BSE at Rs 780.
The run-up to its results has been dull with shares falling around 5% in the past one week.
To know more, check out Axis Bank's latest quarterly results and its financial factsheet.
You can also compare Axis Bank with its peers.
Axis Bank vs Kotak Mahindra Bank
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Yash Vora is a financial writer with the Microcap Millionaires team at Equitymaster. He has followed the stock markets right from his early college days. So, Yash has a keen eye for the big market movers. His clear and crisp writeups offer sharp insights on market moving stocks, fund flows, economic data and IPOs. When not looking at stocks, Yash loves a game of table tennis or chess.
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