Axis Bank reported a 4% decline in net profit, totaling Rs 5,806 crore for the first quarter ending June 30, 2025, due to a slight increase in bad loans. While total income increased to Rs 38,322 crore, the bank's asset quality deteriorated, with gross NPAs rising to 1.57%. Consequently, provisions and contingencies for the quarter increased to Rs 3,948 crore.
17 July 2025