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Axis Bank Q4 result: Brokerages expect up to 88% fall in profit

Axis Bank, India’s third-largest private lender, is gearing up to announce its March quarter earnings on Thursday. The bank, which is mired in a controversy owing to a surge in bad loans and over CEO Shikha Sharma’s tenure, is likely to put up a dismal show, said, analysts. Private banks are expected to report 4% profit growth yoy, dragged down by corporate-centric lenders such as ICICI and Axis Bank, said Motilal Oswal in its report

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