Lending major Axis Bank on Tuesday reported a 36 per cent rise in its net profit for the second quarter…
(Photo: AFP)
Lending major Axis Bank on Tuesday reported a 36 per cent rise in its net profit for the second quarter (Q2) of 2017-18.
According to the banking major, its net profit during the quarter under review rose to Rs 432 crore from Rs 319 crore in the corresponding period of 2016-17.
The company’s net interest income (NII) inched up by one per cent to Rs 4,540 crore in the second quarter of 2017-18 from Rs 4,514 crore during the same quarter last year.
Advertisement
“Net interest margin for Q2FY18 stood at 3.45 per cent. NII for H1FY18 too rose one per cent YOY (year-on-year) to Rs 9,156 crore from Rs 9,031 crore in H1FY17,” the banking major said in a statement.
Advertisement
