Friday, November 2, 2018

Axis Bank posts Rs 790 Cr profit

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Axis Bank for Sept quarter has posted a net profit of Rs 790 Cr, up 83% on YoY basis. The bank had posted a net profit of Rs 432 Cr, a year ago.

 Provisions  had come down by 7%.

NII grew by 15% from Rs 4540 Cr a year ago to Rs 5232 Cr in Sept quarter.

Results were announced after market hours. The stock closed at Rs 617, up Rs 15 in today's trade.

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