SMEStreet Desk

Axis Bank's Reported 19% Decline in Net Profit of Q1

"Adjusted for accounting policy changes and NII reserves created, the operating profit and PAT for the quarter would have been Rs 6,151 crore and Rs 1,626 crore, respectively, growing by 4 per cent and 19 per cent on a YoY basis, respectively," the bank said in a statement.