NEW DELHI: Axis Bank Ltd, India's third-biggest non-public sector lender by way of property, on Friday posted a better-than-expected 82.6 in step with cent leap in second-quarter benefit, boosted by way of upper passion income and as asset quality stepped forward.
Net benefit got here in at Rs 790 crore ($108.95 million) for the three months ended September 30, in comparison with Rs 432 crore a yr ago.
Analysts had anticipated a internet benefit of Rs 741 crore, according to Refinitiv information.
Provisions fell 6.eight in step with cent to Rs 2,927 crore. Gross non-performing loans as a proportion of overall loans stood at 5.96 in step with cent at end-September, in comparison with 6.52 in step with cent in the earlier quarter and 5.90 in step with cent in the similar duration final yr.
Net benefit got here in at Rs 790 crore ($108.95 million) for the three months ended September 30, in comparison with Rs 432 crore a yr ago.
Analysts had anticipated a internet benefit of Rs 741 crore, according to Refinitiv information.
Provisions fell 6.eight in step with cent to Rs 2,927 crore. Gross non-performing loans as a proportion of overall loans stood at 5.96 in step with cent at end-September, in comparison with 6.52 in step with cent in the earlier quarter and 5.90 in step with cent in the similar duration final yr.
Axis Bank Q2 profit jumps nearly 83%
![Axis Bank Q2 profit jumps nearly 83%]()
Reviewed by Kailash
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November 02, 2018
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