Axis Bank posts 18% increase in Q2 profit
Axis Bank Shares Surge as Profits Rise in September Quarter
Shares of Axis Bank surged nearly 6% after reporting a 19.29% increase in net profit for the September quarter. The bank's core net interest income grew by 9%, and non-interest income rose by 34%. Axis Bank reported strong performance despite challenges in the unsecured lending segment.
Axis Bank Q2 net profit rises 18%; management flags higher stress in unsecured loans
Axis Bank, on Thursday reported a Q2 net profit at ₹6,918 crore, up 18% on a year-on-year (YoY) results basis and 15% sequentially, supported by steady margin and core income growth.
India's Axis Bank posts Q2 profit rise
India's Axis Bank reported an 18% year-on-year rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand.
Axis Bank Q2 results: Net profit rises 18%, net interest income up 9%
In terms of deposits, Axis Bank reported a 14% YOY increase, with term deposits soaring by 21% YOY. Current Account Savings Account (CASA) deposits saw a more modest growth of 4% YOY.
Axis Bank Q2 profit rises 18% on strong core biz growth
The robust profit growth was fuelled by a 24% rise in operating profits and a 10% increase in core operating profits year-on-year.
Axis Bank Q2 Profit Rises
Indian bank Axis Bank Limited Thursday reported second-quarter profit of 6,918 crore rupees or 88.20 rupees per share, compared to
India's Axis Bank posts Q2 profit beat; margins shrink
The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.18 billion rupees ($823.25 million) for the quarter ended Sept.
Central Bank of India Q2 profit surges 51% to Rs 913 crore
State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago.
Central Bank of India surges on reporting 49% rise in Q2 consolidated net profit
Central Bank of India is currently trading at Rs. 58.92, up by 1.53 points or 2.67% from its previous closing of Rs. 57.39 on the BSE.
India's Axis Bank posts Q2 profit beat on strong credit demand
India's Axis Bank reported a bigger-than-expected rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.
Axis Bank posts 18% increase in Q2 profit driven by robust credit demand
Axis Bank announced a larger-than-expected increase in second-quarter profit, buoyed by strong core lending income and rising credit demand. The fourth-largest private lender in India, by market capitalization,
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