Margins at 3.55% trend lower, on a QoQ basis, as cost of Background: Axis Bank, the third largest private sector bank behind ICICI Bank and HDFC Bank. The bank features in the top league on various parameters such as business per employee and profit per employee. The bank operates a network of about 1,622 offices and 9,924 ATMs. Axis Bank has been consistently bettering its performance over the last several quarters (YoY basis). As of December...