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Axis Bank turns black in Q2

29 Oct 2020 Evaluate

Axis Bank has reported results for second quarter ended September 30, 2020.

The bank has reported net profit of Rs 1,682.67 crore for the quarter under review as against net loss of Rs 112.08 crore for the same quarter in the previous year. Total income of the bank marginally increased by 2.77% at Rs 19,870.07 crore for Q2FY21 as compared Rs 19,333.57 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported net profit at Rs 1,849.05 crore for the quarter under review as against net loss of Rs 18.14 crore for the same quarter in the previous year. Total income of the bank marginally increased by 2.82% at Rs 20,446.79 crore for Q2FY21 as compared Rs 19,886.36 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
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