India's third-largest private sector lender Axis Bank has reported 33.33% growth in fourth quarter net profit of Rs 1,020 crore as against Rs 765 crore in same quarter the previous year. However, the bank's net interest margins declined at 3.65% versus 3.75% on year-on-year basis.
In an interview with CNBC-TV18, Abhijeet Mazumdar, Prabhudas Lilladhar says, the contraction in margin is much more than expected.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
