Axis Bank Q3 profit inches up 4 pc; retail loans grow 6 pc
Axis Bank on Monday reported a 4 per cent growth in its December quarter net profit to Rs 7,010.65 crore against Rs 6,742.99 crore in the year-ago period.
Axis Bank on Monday reported a 4 per cent growth in its December quarter net profit to Rs 7,010.65 crore against Rs 6,742.99 crore in the year-ago period.
On a standalone basis, the third-largest private-sector lender's net profit for the October-December period increased to Rs 6,489.57 crore from Rs 6,303.77 crore in the year-ago period.
The bank's core net interest income grew by 5 per cent to Rs 14,287 crore, helped by a 14 per cent loan growth but restricted by a 0.29 per cent compression in the net interest margin at 3.64 per cent.
