Monday, 24 April 2017

Axis Bank Q4 profit seen down 60% to Rs 872 cr, slippages from watchlist key

Private sector lender Axis Bank is expected to show dismal performance in January-March quarter as profit is seen falling sharply by 59.5 percent year-on-year to Rs 872.2 crore against Rs 2,154.3 crore. Net interest income during the quarter may increase 0.5 percent to Rs 4,575 crore compared to Rs 4,552.6 crore in same period last year.

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