Business
After Axis Bank posted strong results, here’s what brokerages have to say
Shares in Axis Bank rose 2% in early trade, a day after the company announced its December quarter earnings.
The bank reported a 224% year-on-year rise in its net profit to Rs 3,614 crore.
The private sector lender also reported a 17% rise in net interest income to Rs 8,653 crore.
The bank performed strongly in terms of asset quality, with the total non-performing asset ratio falling by 36 basis points sequentially to 3.17%. Net NPA ratio fell 17 basis points sequentially to 0.91%.
Axis Bank said its net loan slippage fell 38 basis points month-on-month to 0.06%. Specific loan loss provisions fell to Rs 7.9 crore from Rs 9.27 crore in the previous quarter.
Fee income rose 15% year-on-year to Rs 3,344 crore, while trading profit and miscellaneous income were Rs 3,670 crore and Rs 1.3 crore, respectively.
Total deposits rose 20% year-on-year to Rs 770,000, with current account savings account deposits up 22%. The CASA ratio improved 189 basis points year over year to 44%.
The overall capital adequacy ratio (CAR), including profit for the first nine months of the fiscal year, was 18.72%, and the Common Equity Tier 1 ratio was 15.33%.
Complete News Source : Money Control
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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