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Centrum Broking: Axis Bank Strong On PPoP; Comfort On Capital, Provisions

Net profit stood at Rs 1,683 crore versus a loss of Rs 112 crore a year ago, even as NII rose 20% year-on-year to Rs 7,326 crore.

An Axis Bank Ltd. brochure sits inside a bank branch in Mumbai, India . (Photographer Dhiraj SinghBloomberg)
An Axis Bank Ltd. brochure sits inside a bank branch in Mumbai, India . (Photographer Dhiraj SinghBloomberg)
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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