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Axis Bank Shares Tumble on Disappointing Q3 Results | Stock Market News
Written By: Zee Business Video TeamUpdated: Wed, Jan 24, 2024, 01:12 PM IST
Axis Bank shares faced a steep decline on Wednesday, falling over 6% due to worries about potential increase in funding costs, a likely drop in net interest margin (NIM), and ongoing challenges with deposit growth. These concerns cast doubt on the bank's ambitious loan growth targets for FY24 and FY25.
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