RSS Feed
Twitter
6:50 PM
Blogger
Axis Bank, country’s third largest lender, reported an 18 per cent increase in net profit during the three-month period ending September, 2014, at Rs. 1,611 crore.
The net profit was at Rs. 1,362 crore in the same quarter a year ago.
Net Interest Income (difference between interest earned and expended) rose 20 per cent to Rs. 3,525 crore during Q2FY15 from Rs. 2,937 crore during Q2FY14.
Other income grew by 10 per cent at Rs. 1,948 crore as against Rs. 1,766 crore in the second quarter last year.
As on September 30, 2014, total advances grew 20 per cent year-on-year to Rs. 2.42 lakh crore on the back of retail advances growth of 27 per cent. On the other hand, total deposits increased 11 per cent to Rs. 2.84 lakh crore from Rs. 2.55 lakh crore.
The bank’s gross non-performing assets (NPAs) worsened to Rs. 3,613 crore as on September end, 2014 as against Rs. 2,734crore as on September 30, 2013. Recoveries and upgrades were at Rs. 164 crore and write-offs were Rs. 597 crore.
As on 30th September 2014, Gross NPAs increased to 1.34 per cent (from 1.19 per cent) and net NPAs also deteriorated to 0.44 per cent (from 0.37 per cent).
The cumulative value of net restructured advances as on September 30, 2014 stood at Rs. 6,690 crore, constituting 2.52 per cent of net customer assets.
Axis Bank shares ended at Rs. 401.95 per share, higher by 2.04 per cent over the previous close on the Bombay Stock Exchange. The results were declared after market closing hours.
Source : The Hindu
The net profit was at Rs. 1,362 crore in the same quarter a year ago.
Net Interest Income (difference between interest earned and expended) rose 20 per cent to Rs. 3,525 crore during Q2FY15 from Rs. 2,937 crore during Q2FY14.
Other income grew by 10 per cent at Rs. 1,948 crore as against Rs. 1,766 crore in the second quarter last year.
As on September 30, 2014, total advances grew 20 per cent year-on-year to Rs. 2.42 lakh crore on the back of retail advances growth of 27 per cent. On the other hand, total deposits increased 11 per cent to Rs. 2.84 lakh crore from Rs. 2.55 lakh crore.
The bank’s gross non-performing assets (NPAs) worsened to Rs. 3,613 crore as on September end, 2014 as against Rs. 2,734crore as on September 30, 2013. Recoveries and upgrades were at Rs. 164 crore and write-offs were Rs. 597 crore.
As on 30th September 2014, Gross NPAs increased to 1.34 per cent (from 1.19 per cent) and net NPAs also deteriorated to 0.44 per cent (from 0.37 per cent).
The cumulative value of net restructured advances as on September 30, 2014 stood at Rs. 6,690 crore, constituting 2.52 per cent of net customer assets.
Axis Bank shares ended at Rs. 401.95 per share, higher by 2.04 per cent over the previous close on the Bombay Stock Exchange. The results were declared after market closing hours.
Source : The Hindu
1 comments:
This Information is really good and informative. Thanks for it.
Check below links and get useful information.
Dabur India
Post a Comment