Shares of India's Axis Bank fell 3.7% on Friday, a day after the lender posted a smaller-than-expected quarterly profit increase, weighed down by slower loan growth and higher provisions set aside for potential bad loans.

Among the Sensex shares, it was the second worst performer and the biggest loser in the BSE Bankex, which dropped 1,026 points or 1.8%.

Axis Bank's Q3 profit rose 4% to Rs 6,304 crore, driven by higher provisions and slower loan growth. Retail segment asset quality pressures impacted the results.

The Axis Banks operating profit for the quarter rose 15% year over year to Rs 10,534 crores. Core operating profit rose 14% year over year to Rs 10,102 crores in Q3FY25, while net profit rose 4% YoY to Rs 6,

Executives at the country’s third largest private sector lender said the bank sees a degree of indebtedness in certain segments of the borrowers, which led to taking a deliberate call on slowing loan

Results: The lender reported interest income of Rs 30,954 crore in Q3 FY25, an 11% increase from Rs 27,961 crore in the same period last year. It reported Rs 30,954 crore in interest income for Q3 FY25,

By Ashna Teresa Britto and Siddhi Nayak (Reuters) -Shares of Axis Bank fell to a 14-month low on Friday, a day after the lender missed profit estimates on slower loan growth, higher bad loan provisions,