April 26, 2018 / 12:43 PM / in 5 months

BRIEF-India's Axis Bank Posts March Qtr Loss

April 26 (Reuters) - Axis Bank Ltd:

* MARCH QUARTER NET LOSS 21.89 BILLION RUPEES VERSUS NET PROFIT OF 12.25 BILLION RUPEES LAST YEAR

* MARCH QUARTER INTEREST EARNED 117.71 BILLION RUPEES VERSUS 111.68 BILLION RUPEES LAST YEAR

* SAYS NO DIVIDEND HAS BEEN RECOMMENDED BY BOARD FOR YEAR ENDED MARCH 31

* MARCH QUARTER PROVISIONS 71.80 BILLION RUPEES VERSUS 25.81 BILLION RUPEES LAST YEAR

* MARCH QUARTER GROSS NPA 6.77 PERCENT VERSUS 5.28 PERCENT PREVIOUS QUARTER

* SAYS SLIPPAGES FOR Q4FY18 STOOD AT 165.36 BILLION RUPEES

* MARCH QUARTER NET NPA 3.40 PERCENT VERSUS 2.56 PERCENT PREVIOUS QUARTER

* MARCH QUARTER NIM 3.33 PERCENT

* CONSENSUS FORECAST FOR MARCH QUARTER NET PROFIT WAS 5.14 BILLION RUPEES

* SAYS Q4 WATCH LIST DECLINED 92 PERCENT OVER PREVIOUS QUARTER AND STOOD AT 4.28 BILLION RUPEES Source text - bit.ly/2I20nG6 Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below