Axis Bank Exec Says After RBI Advisory, Bank Made Additional Provision On Two Crop Loan Variants

Axis Bank Ltd AXISBANK:

• AXIS BANK EXEC: FOLLOWING AN RBI ADVISORY DURING THE QUARTER, BANK MADE ADDITIONAL PROVISION ON TWO CROP LOAN VARIANTS

• AXIS BANK EXEC: NO DIVERGENCE IN ASSET QUALITY WAS IDENTIFIED DURING THE RBI INSPECTION

• ‍AXIS BANK EXEC: BANK MADE ADDITIONAL PROVISION OF 12.31 BLN RUPEES ON TWO CROP LOAN VARIANTS

  AXIS BANK EXEC: NO REQUIREMENT TO ADD TO THESE PROVISIONS IN THE FUTURE QUARTERS