Axis Bank Q3 net profit rises 56 pc on wider margins; reports slowdown in home loan growth on rate hikes
Admin
Feb 6, 2023 11:18
53
Axis Bank on Monday reported a 56 per cent jump in its December quarter consolidated net at Rs 6,187.38 crore, helped by a healthy core income growth aided by widening margins.
On a standalone basis, the third largest private sector lender reported a 62 per cent growth at Rs 5,853 crore.
The core net interest income was up 32 per cent at Rs 11,459 crore, helped by a 0.73 per cent improvement in the net interest margin at 4.26 per cent, and a 15 per cent advances growth.
