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Axis Bank Q1 net jumps 95% YoY to Rs 1,370 crore

Axis Bank on Tuesday said its net profit climbed 95% YoY to Rs 1,370 crore for the June quarter against Rs 701 crore in the same quarter last year. Net Interest Income (NII) for the quarter rose 13 per cent YOY to Rs 5,844 crore from Rs 5,167 crore in the corresponding quarter last year. Asset quality remained stable with the bank’s gross NPA and net NPA coming at 5.25% and 2.04% respectively, against 5.26% and 2.06%, respectively as on March 31. 

Read More at The Economic Times News date : 31 Jul 2019, Wednesday

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