Axis Bank s Q2 net profit up 36%
Tuesday - October 17, 2017 4:46 pm ,
Category : BUSINESS
Mumbai Oct 17 (IANS) Lending major Axis Bank on Tuesday reported a 36 per cent rise in its net profit for the second quarter (Q2) of 2017-18.
According to the banking major its net profit during the quarter under review rose to Rs 432 crore from Rs 319 crore in the corresponding period of 2016-17.
The company s net interest income (NII) inched up by one per cent to Rs 4 540 crore in the second quarter of 2017-18 from Rs 4 514 crore during the same quarter last year.
"Net interest margin for Q2FY18 stood at 3.45 per cent. NII for H1FY18 too rose one per cent YOY (year-on-year) to Rs 9 156 crore from Rs 9 031 crore in H1FY17 " the banking major said in a statement.
--IANS
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