Private sector lender Axis Bank posted 16 per cent fall in net profit at Rs 1305.60 crore for the quarter ended June 30, against Rs 1,555.53 crore in the corresponding quarter last year.
Net interest income slipped 2.36 per cent YoY to Rs 4,616 crore during the quarter under review. It had reported NII of Rs 4728 crore in the same quarter a year ago.
The asset quality of the bank remained stable as gross non-performing assets (NPA) stood at 5.03 per cent as of June 2017 as against 5.04 per cent as of March 2017.
However, percentage of net NPA increased marginally to 2.30 per cent from 2.11 per cent QoQ.
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