Axis Bank’s net profit for the quarter ended March declined marginally to Rs 7,071 crore due to the additional one-time provisioning taken by the bank during the quarter. “Based on an assessment of evolving and unpredictable macroeconomic and geopolitical uncertainties, the Bank created an additional one-time provision of Rs 2,001 crores during the quarter,” the bank said. Overall, the provisions and contingencies of the lender inched up to Rs 3,522 crore from Rs 1,359.35 crore a year ago.