When several of the other private sector banks have posted increase in net profit, NIM, and reduction in NPA levels despite surge in deposit levels thanks to Demonitisation scheme how Axis Bank has posted such bad figures for QE December 2016? What about accountability which is normally insisted on PSBs? One need to analyze the spurt in NPAs of Axis Bank and the major segments / companies comprising the incremental portion. Quick mortality analysis of these major fresh NPAs will reveal the real picture.