1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Axis Bank drops post Q4FY16 results

Discussion in 'Stock Market News & Analysis' started by capitalstars05, Apr 27, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Joined:
    Sep 26, 2014
    Messages:
    158
    Likes Received:
    1
    Shares of Axis Bank dropped 3.4% to Rs464 on NSE post Q4FY16 result update where business growth remained healthy; Asset quality stable; PT revised to Rs590
    NII up 19.8%; Margins expand: Axis bank reported a strong 19.8% growth in Net interest for Q4FY16 owing to 20.5% jump in the advances and expansion in Net Interest Margins (up 16 BPS Yo and 18 BPS QoQ). Non-interest income growth was flat as treasury profit declined by 65.4% YoY, however retail fee income showed a growth of 15.1% YoY. Provisions for Q4FY16 surged by 64.6% YoY owing to Rs300 crore contingent provisions made during the quarter.
     
Loading...

Share This Page