Mumbai, Oct 15 (PTI) Axis Bank reported a 25.31 per cent decline in its consolidated net profit for the September quarter at Rs 5,528 crore, hit by a Rs 1,231-crore provision on crop loans mandated by RBI.

On a standalone basis, the third largest private sector lender had a net profit of Rs 5,090 crore, down from Rs 6,918 crore in the year-ago period.

Despite registering a 12 per cent loan growth, its core net interest income went up by just 2 per cent on-year to Rs 13,745 crore, impacted by narrowing in the net interest margin (NIM) to 3.73 per cent from 3.99 per cent in the year-ago period.

Chief financial officer Puneet Sharma told reporters that NIMs will bottom-out in the December quarter provided there is no further rate cut by the Reserve Bank.

The bank's other income de-grew by

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