Axis bank net profit News

Shares of Axis Bank climbs over 6.5% in morning trade on Friday. Bank reports 66.29% jump in consolidated net profit for Q2 this FY23.

Axis Bank on Thursday reported a 70 % jump in net profit at Rs 5,329.77 crore in the July-September quarter. The country's third largest private lender had posted a net profit of Rs 3,133.32 crore in the year-ago quarter. The bank opened three digital bank units, inaugurated by Prime Minister Narendra Modi last Saturday

The bank had registered a net profit of Rs 432 crore in the July-September quarter of 2017-18, according to a statement by the bank.

Private sector Axis Bank Tuesday reported 83 percent plunge in net profit for the July-September quarter at Rs 319 crore mainly due to higher provisioning for bad loans.

Total income of the bank rose to Rs 12,531 crore, from Rs 10,929 crore in the year-ago period.

Axis Bank Wednesday reported an 18 percent increase in the March quarter net profit at Rs 2,181 crore, driven by a jump in core income on the back of a 22 percent spike in advances.

Axis Bank on Friday posted an over 18 percent rise in net profit at Rs 1,611 crore for the second quarter ended September 30, on the back of a healthy rise in retail loans that pushed its core interest income.