Axis Bank posts 5 pc rise in Q3 consolidated net profit; flags concerns on deposit growth
Admin
Jan 30, 2024 10:43
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Axis Bank on Tuesday reported a 4.91 per cent growth in its consolidated net profit to Rs 6,491.66 crore, dragged down by higher operating expenses.
On a standalone basis, the third largest private sector lender's net profit for the October-December period grew less than 4 per cent at Rs 6,071 crore.
Its core net interest income grew 9 per cent to Rs 18,087 crore, while non-interest income was up 22 per cent to Rs 5,555 crore.
