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.
Melody effect: Wrong ‘Parle’ stock hits 5% upper circuit for 4th day, up 21% since PM Modi’s gift for Meloni
Parle Industries shares hit the 5% upper circuit for the fourth consecutive session amid speculation that investors are mistaking it for unlisted FMCG major Parle
May 25, 2026