Thursday, January 19, 2017

Axis bank's net down in q3, NII up

Axis bank has posted a net profit of Rs. 579.57 cr for the quarter ended December 31, 2016 as compared to Rs. 2175.3 cr. for the quarter ended December 31, 2015. 

The total income has increased from Rs. 12531 cr for the quarter ended December 31, 2015 to Rs. 14501 cr for the quarter ended December 31, 2016.

Net interest income during the quarter grew by 4.1 percent to Rs 4,334 crore compared with Rs 4,162 crore in year-ago period, with loan growth of 10 percent at Rs 3.47 lakh crore as of December 2016.

The result were announced after market hours, the stock will react to the numbers in tomorrow's trading.

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