Axis Bank Shares Fall On Q1 Profit Miss, Rising Bad Loans

Axis Bank shares fell nearly 4 per cent on Monday after the lender missed Q1 profit estimates. Axis Bank was the top loser in the Nifty50 index today. Axis Bank, which reported numbers post market hours on Friday, said net profit fell 21 per cent from a year earlier to Rs 1,556 crore for the three months to June 30, missing analysts' estimate of Rs 1,998 crore. India's third-biggest private sector lender by assets reported a surge ...