Axis Bank shares gained on better January-March earnings.
At 11.20 am, the shares were quoting at Rs 576.50, up Rs 23.60 or 4.27 per cent.
The bank has reported an 18 per cent rise in January-March earnings and said expects growth in bad loans to slow this financial year.
Axis Bank remains well positioned with a strong retail franchise that should drive growth, said BNP Paribas
Incremental stressed asset creation was Rs 2,150 crore, implying full-year figure was Rs 5,600 crore, well within management guidance, BNP said.
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