Axis Bank mops up Rs 4,726 cr in largest-ever QIP sale
Earlier this month, the bank reported a 22 per cent rise in net profit at Rs 1,347 crore in the December quarter driven by higher retail loans which rose 45 per cent and other income.
The bank's net interest income, grew 17 per cent to Rs 2,495 crore, while the fee income jumped 15 per cent to Rs 1,405 crore driven by a 35 percent spike in fee income from the retail business, and income from trading activities chipped in with Rs 159 crore during the reporting quarter.
Total income of the bank increased to Rs 8,580.30 crore during the December quarter, from Rs 7,206.77 crore in the year-ago period.
Be the first to comment.