Axis Bank shares faced a dip of 2.4% after Q1FY26 results. The bank’s net profit fell 4% to Rs 5,806 crore. This was due to a sharp rise in provisions for bad loans. The Reserve Bank of India’s intervention led to this increase. RBI flagged Axis Bank’s lenient policies on stressed loans. This prompted corrective action, impacting the bank’s profitability.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets