Axis Bank Ltd. (AxisB) reported Q4FY17 numbers which came in line with market expectation. While, NII grew by 3.9% YoY, as net profit during the quarter declined by (-)43.1% YoY to Rs12,251 mn due to the high provisioning against the NPAs. Assets quality remained grim, however due to strong recovery and up-gradation, GNPA ratio reduced 22 bps to 5.0%. Meanwhile, the management remained cautious about resolution of stressed loans and expects credit cost to remain higher over 2% in FY18E. Q4FY17 result analysis: Dismal performance continued by AxisB as it reported...