Axis Bank stocks down nearly 5% after lacklustre Q4 show
The third-largest private sector lender, on Tuesday negatively surprised markets with a 1% drop in March quarter profit at Rs 2,154 crore on higher provisions and set aside money in a buffer expecting deterioration in asset quality in future.
For the full year 2015-16, Axis Bank reported a post-tax net profit of Rs 8,349 crore. Image Source: Reuters