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Axis Bank Q3 Results Review  — Inline; Business Growth Moderates; Motilal Oswal Retains 'Neutral' Stance

While the near-term growth and asset quality performance may remain suppressed, reflecting the stress in the macro environment, the brokerage sees limited downside risk from the current levels.

<div class="paragraphs"><p>Axis Bank reported a net profit of Rs 63 billion (up 3.8% YoY, in line) as lower opex offset higher provisions.</p><p>(Source: NDTV Profit)</p></div>
Axis Bank reported a net profit of Rs 63 billion (up 3.8% YoY, in line) as lower opex offset higher provisions.

(Source: NDTV Profit)

Axis Bank's net interest income grew 8.6% YoY/1% QoQ to Rs 136 billion (inline), net interest margins moderated 6 bp QoQ to 3.93%.
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