Thursday 17 October 2013

Axis Bank Q2 net up 21% at Rs 1,362 crore

Gross NPA at 1.19% vs 1.10% q-o-q

Axis Bank today posted a net profit of Rs 1,362.3 crore for the quarter ended September 30, 2013 as compared to Rs 1,123.5 crore for the quarter ended September 30, 2012, a gain of 21%.

Total income increased from Rs 8,280.3 crore for the quarter ended September 30, 2012 to Rs 9,375 crore for the quarter ended September 30, 2013.

The bank reported a gross NPA of 1.19% vs 1.10% q-o-q.

The net NPA stood at Rs 838.3 crore or 0.37% vs 0.35% q-o-q.

NII was Rs 2937 crore.

Capital adequancy ratio (basel III) was 15.85% vs 15.87% q-o-q.

The provisions stood at Rs 687.5 cr vs Rs 712.3 cr q-o-q.

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