The bank's core performance has also been subdued

On the face of it, Axis Bank’s lower slippages and relatively better loan growth in the latest June quarter vis-a-vis that in the previous quarter, should offer some respite to investors. Persisting concerns on asset quality and importantly, sharp divergences observed in asset classification and provisioning from RBI norms (pertaining to FY16) have been weighing on the stock. But while slippages i...