Axis Bank Misses Profit Forecast, Approves $2 Billion Fundraise
businesscompany-earnings 2 posts · 1 accounts
India's Axis Bank reported profit below forecasts because of lower trading income and also approved a $2 billion equity fundraise. The latest update adds a capital-raising move to an earnings announcement that highlighted weaker trading income as the main factor behind the miss.
From the sources (2 posts)
@reutersIndia's Axis Bank misses profit forecast on lower trading income
@reutersIndia's Axis Bank misses profit forecast on lower trading income, approves $2 billion equity fundraise