Axis Bank's September Quarter Profit Surges About 36%

Axis Bank's net profit rises to Rs 4.32 billion for the second quarter.

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Axis Bank's September Quarter Profit Surges About 36%

Provisions and contingencies fell about 13 per cent to Rs 31.40 billion.

Axis Bank Ltd, the third-biggest private sector lender by assets, said on Tuesday that its second-quarter net profit jumped by about 36 per cent, as provisions for bad loans eased from a year earlier.

Net profit rose to Rs 4.32 billion for the quarter ended September 30.

Provisions and contingencies fell about 13 per cent to Rs 31.40 billion.
© Thomson Reuters 2017


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