Gross slippages remained higher at Rs 4,798 crore at the end of June quarter 2019, against Rs 4,337 crore in the corresponding period last fiscal and Rs 3,012 crore in March quarter 2019
Private sector lender Axis Bank's June quarter (Q1) profit grew sharply by 95 percent year-on-year to Rs 1,370 crore, but provisioning and slippages remained higher. It was
supported by NII, other income and operating profit.
The profitability was higher due to the low base in a year-ago period. The bank had
reported a profit of Rs 701 crore in Q1FY19.
Net interest income increased 13 percent year-on-year to Rs 5,843.65 crore in the quarter
ended June 2019, with 13 percent loan growth YoY.
For More Information Contact us 9644405057 or visit Option Tips
No comments:
Post a Comment