Axis Bank March Quarter

Asset quality has been in-line or better-than-expected in recent quarters, which analysts expect to continue

The lender may see single-digit loan growth, deterioration in asset quality, and slippages at 4.5 per cent of loan book

Asset quality deteriorated because gross NPAs as a percentage of advances increased to 6.77 per cent in the March quarter from 5.28 per cent in the December quarter