Axis Bank Ltd said its September quarter net profit rose 31.95% to Rs 531.64 crore, from Rs 402.91 crore a year ago. High fee income and loan growth are the major contributors to the profit.
Axis Bank Ltd said its September quarter net profit rose 31.95% to Rs 531.64 crore, from Rs 402.91 crore a year ago. High fee income and loan growth are the major contributors to the profit.
Fee income from large and medium-sized corporate credit grew 50%, from treasury by 35%, from business banking by 22%, from small and medium enterprises and agri lending businesses by 16%, and from the retail business by 10%.
Shares of Axis Bank, the country’s third largest private sector lender, rose 1.66% to Rs1,012.75 each on the Bombay Stock Exchange on Monday.
Business Opportunities
Our Group Sites
Popular Cities
