Axis Bank Profit Nearly Doubles To Rs 1,370 Crore In June Quarter

INSUBCONTINENT EXCLUSIVE:
Axis Bank's net profit jumped 95 per cent in April-June period to Rs 1,370.08 crore from Rs 701 crore in the same quarter last year, the
bank said in a stock exchange filing after market hours on Tuesday
Rs 5,166.80 crore during the same quarter last year, the bank's exchange filing showed.Axis Bank's asset quality remained stable in
April-June period as its gross non-performing assets (NPA) as a percentage of total advances came in at 5.25 per cent compared with 5.26 per
cent in the previous quarter
Net NPA stood at 2.04 per cent compared with 2.06 per cent in the previous quarter, the Mumbai-based private lender said.Axis Bank shares
ended 1.8 per cent lower at Rs 706.55 ahead of its June quarter earnings underperforming the Sensex which fell 0.77 per cent.Get Breaking
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