Axis said its net profit was Rs 630377 crore up by 383 over Rs 60711 crore achieved in the December 2021 quarter seasonally adjusted report If we add this amount to net income the gross profitability for the quarter will be calculated at Rs 63057777 crore.

As a key indicator of lenders’, Axis’ gross non-performing assets ratio was previously seen at an in 46 per cent which had dropped to that in the previous quarter of September.

Year on year the lender’s provisions and contingencies or funds set aside for bad loans greater resource doubled to $ 2156 trillion or rupees according to lenders.

The reports indicated a rise in lost loans in microfinance and unsecured portfolio for Indian lenders thereby impacting their balance.