Axis Bank on Tuesday reported an overall loss of Rs 1,387 crore for the quarter ending March 31, opposed to overall profit of Rs 1,505 crore during the corresponding period last year. A report in the Economic Times blamed the losses on the rise in provisions and contingencies, which shot up to 185 per cent year-on-year (YoY) to the tune of Rs 7,730 crore in the fourth quarter.from IndiaTV Business: Google News Feed https://ift.tt/2VLcv6w
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