Axis Bank quarterly net profit rises 22 percent
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Mumbai, July 17 (IANS) Axis Bank Tuesday reported a 22.4 percent rise in its net profit at Rs.1,153.5 crore during the quarter ended June 30 against Rs.942.35 crore in the like period of the previous financial year.
The total income stood at Rs.7,818.4 crore, up 29 percent during the quarter under review as compared to Rs.6,049.3 crore in the year-ago period, the company said in a regulatory filing.
However, net non-performing asset (NPA) increased to 0.31 percent during the quarter from 0.25 percent in the previous quarter. Gross NPA stood at 1.06 percent as against 0.94 percent sequentially.
At the Bombay Stock Exchange, shares of the company closed down 2.10 percent at Rs.1,023.30.
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