Powered by: Motilal Oswal
01-01-1970 12:00 AM | Source: Reuters
India`s Axis Bank posts 41% rise in Q1 net profit
News By Tags | #123 #413 #1302 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

India's Axis Bank Ltd reported a 40.5% rise in first-quarter profit on Wednesday, helped by an increase in net interest income and robust growth in loans.

The Mumbai-based private lender reported a net profit of 57.97 billion Indian rupees ($706.98 million) for the quarter ended June 30 compared with 41.25 billion rupees a year ago.