With reference to RBI directions issued on 28 August 2017
Axis Bank announced the Bank's exposure status with respect to select accounts referenced in RBI directions issued on 28 August 2017.The Bank has exposure on 12 of these accounts.
Total fund based outstanding of the Bank on these accounts was Rs 1843 crore. Non fund based outstanding was Rs 649 crore.
Around 75% of the outstanding was secured.
Against this outstanding, the provision held was Rs 862 crore.
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