₹6,898 crore and has a provision coverage ratio (PCR) of 75% as on 30 June, as compared to 69% as on 31 March. The bank has made incremental provisions of ₹733 crore in Q1 FY21 towards covid-19 As the covid-19 uncertainty continues, private sector lender Axis Bank has adopted a more conservative approach, continuing to build up a warchest of provisions.The bank now holds excess provisions of ₹6,898 crore and has a provision coverage ratio (PCR) of 75% as on 30 June, as compared to 69% as on 31 March.