Axis Bank's gross NPA stood at 1.46% compared to the 1.57% reported in the previous quarter. (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Axis Bank recorded a 26.4% slump in its net profit for the quarter ended September, according to the financial results declared by the private lender on Wednesday.

The bottom-line of the bank came in at Rs 5,090 crore, as compared to Rs 6,917.57 crore in the year-ago quarter. This has missed the estimate of Rs 5,838 crore, as projected by the analysts tracked by Bloomberg.

The net interest income advanced by 2% to Rs 13,744 crore during the quarter under review, as against 13,483.2 crore in the year-ago period.

Provisions and contingencies of the bank surged sharply by 61% to Rs 3,547 crore in t

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