Axis Bank's Q4 net profit report decline of 43%

Mumbai: In its net profit for the fourth quarter (Q4) of Fiscal 2016-17, Axis Bank on Wednesday reported a decline of 43.13 per cent.

The company`s net profit decreased to Rs 1,225.10 crore from Rs 2,154.28 crore reported in the fourth quarter of 2015-16.

"The Bank`s net interest income (NII) grew 4 per cent YOY to Rs 4,729 crore during Q4FY17 from Rs 4,553 crore in Q4FY16," the lender said in a statement.

With IANS Inputs