Reuters logo
India's Axis Bank Q2 profit rises about 36 pct
October 17, 2017 / 11:03 AM / a month ago

India's Axis Bank Q2 profit rises about 36 pct

Oct 17 (Reuters) - Axis Bank Ltd, India’s third-biggest private sector lender by assets, said on Tuesday second-quarter net profit jumped by about 36 percent, as provisions for bad loans eased from a year earlier.

Net profit rose to 4.32 billion rupees ($66.56 million) for the quarter ended Sept. 30. bit.ly/2ywaKzd

Provisions and contingencies fell about 13 percent to 31.40 billion rupees.

$1 = 64.9000 Indian rupees Reporting by Samantha Kareen Nair in Bengaluru; editing by Edwina Gibbs and Jason Neely

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below