Axis Bank’s June quarter net profit declined by 4% to ₹5,806 crore, falling short of estimates due to increased provisions and sluggish business income. Net interest income remained flat, and net interest margin contracted. Asset quality deteriorated, with a rise in gross non-performing assets and slippages, partly attributed to changes in technical recognition criteria.
Parag Parikh Flexi Cap and ICICI Pru Large Cap among 17 equity mutual funds that receive over Rs 1,000 crore inflow in November
A top-inflow equity flexi-cap fund that drew strong investor interest in November as part of broad robust net inflows into India’s equity mutual funds.