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Axis Bank more than doubles loan provisions for stressed sectors

02 Dec 2019 Evaluate

Axis Bank is setting aside more capital, more than twice over the regulatory requirements, for loans in sectors it has identified as ‘stressed’. The bank is maintaining a standard asset provisioning of 1 percentage point for bad loans in such sectors, as against the regulatory provision of 0.40 percent.

The move, which is being followed at least since April, comes amid continuing concerns on high quantum of non-performing assets in its book. The high level of NPAs and the ensuing provisioning have impacted the profits of a majority of lenders, including the bank, over the past four years.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

Axis Bank Share Price

1296.10 36.35 (2.89%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 796.60
ICICI Bank 1279.45
Axis Bank 1296.10
Kotak Mahindra Bank 376.20
Indusind Bank 946.50
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