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Axis Bank Ltd.
BSE: 532215 | NSE: AXISBANK
Large Cap | Bank - Private
1314.45
54.35 (4.31%) AXIS Bank reports 83% fall in Q2 net profit
Date: 26-10-2016AXIS Bank has reported results for second quarter ended September 30, 2016.
The Bank has reported 83.34% fall in its net profit at Rs 319.08 crore for the quarter under review as compared to Rs 1915.64 crore for the same quarter in the previous year. However, total income of the Bank increased by 14.15% at Rs 13698.77 crore for the quarter under review as compared Rs 12001.01 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 4.17% as compared to 1.38% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.02% in Q2FY17.