Gross non-performing loans as a percentage of total loans stood at 5.96 percent at end-Sept, compared with 6.52 percent in the previous quarter and 5.90 percent in the same period last year
Reuters
@moneycontrolcom
Axis Bank Ltd, India's third-biggest private sector lender by assets, on November 2 posted a better-than-expected 82.6 percent jump in second-quarter profit, boosted by higher interest income and as asset quality improved.
Net profit came in at Rs 790 crore ($108.95 million) for the three months ended September 30, compared with Rs 432 crore rupees a year ago.
Analysts had expected a net profit of Rs 741 crore, according to Refinitiv data.
Provisions fell 6.8 percent to Rs 2927 crore. Gross non-performing loans as a percentage of total loans stood at 5.96 percent at end-Sept, compared with 6.52 percent in the previous quarter and 5.90 percent in the same period last year.
($1 = 72.5100 Indian rupees)First Published on Nov 2, 2018 04:45 pm
