Axis Bank Ltd.

AXIS Bank has reported results for first quarter ended June 30, 2016.

The bank has reported a fall of 21.38% in its net profit at Rs 1555.53 crore for the quarter ended June 30, 2016 as compared to Rs 1978.44 crore for the same quarter in the previous year. However, total income of the bank increased by 13.22% to Rs 13852.18 crore for the quarter under review, from Rs 12234.41 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 2.54%, as compared to 1.38% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 1.08% in Q1FY17.