News > Axis Bank Q1 results review: Fast growth in unsecured loans should be monitored

Axis Bank Q1 results review: Fast growth in unsecured loans should be monitored

Axis Bank Ltd. continues to grow its unsecured book fast, which must be monitored as it is witnessing early signs of stress emerging in the segment, according to brokerages. The private sector lender's net profit rose 4% to Rs 6,034.6 crore in the first quarter of the current financial year, missing analysts' estimates as provisions doubled. Asset quality worsened as the gross non-performing-asset ratio increased 11 basis points sequentially to 1.54%.