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Axis Bank’s net profit in the fourth quarter of FY16 declined 1 per cent year-on-year (y-o-y) to ₹2,154 crore.
Net interest income (NII) for the quarter stood at ₹4,553 crore, up 20 per cent (₹3,799 crore in Q4 FY15).
Net interest margin in the reporting quarter stood at 3.97 per cent
However, net profit for the full year (FY16) grew 12 per cent to ₹8,224 crore, with NII increasing 18 per cent y-o-y to ₹16,833 crore (₹14,224 crore). Total assets of the bank grew 14 per cent to ₹5,25,468 crore as advances increased 21 per cent to ₹3,38,774 crore. Of this, retail advances constituted 41 per cent or ₹1,38,521 crore.
Deposits rose 11 per cent to ₹3,57,968 crore. Of this, CASA (current account and savings account) deposits constituted 47 per cent.
Capital adequacy
The bank’s capital adequacy ratio according to Basel-III norms stood at 15.29 per cent.
Bad loans as a percentage of gross advances (gross NPA) stood at 1.67 per cent, up 33 basis points while net NPA stood at 0.7 per cent, up 26 basis points.
The cumulative value of net restructured advances as on March 31, 2016, stood at ₹8,072 crore, constituting 2.25 per cent of net customer assets.
The bank’s board recommended a dividend of ₹5 per share of face value ₹2.
The bank added 99 branches in the fourth quarter and 315 branches in the whole of FY16, taking its tally to 2,904 branches.
The bank also had 12,743 ATMs and 1,146 cash recyclers across the country.
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