Axis Bank Ltd.

BSE: 532215 | NSE: AXISBANK
Large Cap | Bank - Private
1288.60
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Axis Bank adds 62 branches across the country during Q3FY16

Date: 21-01-2016

Axis Bank has added 62 branches to its network across the country during Q3FY16 pushing up the tally to 216 new branches in 9MFY16. As on December 31, 2015, the bank had a network of 2,805 domestic branches and extension counters situated in 1,796 centres compared to 2,558 domestic branches and extension counters situated in 1,708 centres last year. The bank had 12,631 ATMs spread across the country, as on December 31, 2015.

The bank has registered a rise of 14.50% in its net profit at Rs 2175.3 crore for third quarter ended December 31, 2015 compared to Rs 1899.76 crore for the same quarter in the previous year. Total income of the bank has increased 14.66% at Rs 12531.11 crore for Q3FY16 as compared Rs 10928.81 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 1.68% in the October- December quarter as against 1.34% in the same quarter previous year, while net NPAs stood at 0.75%.