Axis Bank, the country’s third largest private lender, is planning to launch some festive season offers on its auto loans and credit card offerings in the next few weeks. The bank already has some offers going on now in its home loans business.
Banks generally witness a higher pick up from the retail front between September and December, due to a slew of festivities. Meanwhile, the city-based lender is expecting robust growth in retail loan segment this fiscal.
The bank’s net profit for first quarter ended June 30, 2014 rose by 18.29% at Rs 1666.76 crore as compared to Rs 1408.93 crore for the quarter ended June 30, 2013. Its total income increased by 10.17% to Rs 9980.47 crore for the quarter under review from Rs 9059.12 crore for the corresponding quarter of the previous year.
Company Name | CMP |
---|---|
HDFC Bank | 1509.80 |
ICICI Bank | 1068.75 |
Axis Bank | 1045.60 |
Indusind Bank | 1504.10 |
Kotak Mahindra Bank | 1802.80 |
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