Axis Bank fell 1.46% to Rs 420.50, extending decline for second day in a row.
The scrip has lost 4.3% in two sessions while the S&P BSE Sensex and the S&P BSE Bankex shed 0.1% and 2.3%, respectively.
Meanwhile, the media cited Axis Bank's chief executive officer and managing director Amitabh Chaudhry as saying that the bank witnessed an uptick in the number of borrowers who opted for loan moratoriums after June and the lender will be judicious in restructuring borrowings under the new rules.
Axis Bank is the third largest private sector bank in India. As on 30 June 2020, it had a network of 4,528 domestic branches and extension counters situated in 2,559 centres spread across the country.
The bank's net profit dropped 18.82% to Rs 1,112.17 crore while total income remained almost flat at Rs 19,125.57 crore in Q1 June 2020 over Q1 June 2019.
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