Axis Bank posts first quarterly loss in 20 years at â¹2,189cr
Private sector lender Axis Bank on Thursday posted a net loss of â¹2,188.7 crore in the March quarter, its first-ever quarterly loss since listing in 1998. The bank had posted a profit of â¹1,225 crore in the same quarter last fiscal. Gross bad loans as a percentage of total loans rose to 6.77%, compared with 5.28% in the preceding quarter.