<div style="float: left;">
		<img align="" alt="Axis Bank" class="imgCont" height="464" src="http://bsmedia.business-standard.com/_media/bs/img/article/2017-04/17/full/1492370726-931.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Axis Bank" width="620" />
		<div>
			Private sector lender Axis Bank&rsquo;s net profit declined 43.1% to Rs 1,225 crore for the fourth quarter ended March 2017 on flat net interest income and rise in provisions for stressed loans.</div>
		<br>
		<div>
			It had posted net profit of Rs 2,154 crore in Janury- March 2016 (Q4Fy16).</div>
		<br>
		<div>
			The net profit for 2016-17 (FY17) dipped by 55.2% to Rs 3,679 crore from Rs 8,223 crore for 2015-16 (FY16).</div>
		<br>
		<div>
			Axis Bank stock closed marginally up by 0.42% at Rs 517 per share on Bombay Stock Exchange.</div>
		<br>
		<div>
			The board of bank has recommended dividend of Rs 5 per share for 2016-17.</div>
		<br>
		<div>
			The net interest income for the reporting quarter (Q4FY17) rose by 3.9% to Rs 4,729 crore from Rs 4,552 crore in Q4FY16.</div>
		<br>
		<div>
			The provisions and contingencies in Q4FY17 more than doubled to Rs 2,581 crore as against Rs 1,168 crore in same quarter last year.</div>
		<br>
		<div>
			Gross bad loans increased slightly to Rs 21,280 crore as of end-March from December, but as a percentage of total loans were 5.04% at end-March, compared with 5.22% as of end-December.</div>
		<br>
		<div>
			The bank sold assets with a gross outstanding of Rs 2,354 crore and a net book value of Rs 1,828 crores to ARCs against net sale consideration of Rs 1,686 crore comprising Rs 266 crore in cash and Rs 1,420 crore in Security Receipts value.</div>
		<br>
		<div>
			The capital adequacy ratio was 14.95% at end of March 2017.<br />
			&nbsp;</div>
	</div>

Gross bad loans as a percentage of total loans were 5.04% compared with 5.22% as of end-December

Axis Bank Q4 net down 43% at Rs 1,225 cr

Gross bad loans as a percentage of total loans were 5.04% compared with 5.22% as of end-December