Axis Bank books Rs 5,863 crore PAT for Q2

Chennai: Private sector Axis Bank on Wednesday said it closed the second quarter of FY24 with higher net profit of Rs 5,863 crore.

In a regulatory filing Axis Bank said for the quarter ended September 30, 2023 it had earned a total interest income of Rs 26,626 crore (against Q2FY23’s Rs 20,238 crore) and a net profit of Rs 5,863 crore (Rs 5,329 crore).

During the period under review, the bank’s other income stood at about Rs 5,034 crore (Rs 3,855 crore) taking the total income to about Rs 31,660 crore (Rs 24,094 crore).

As on September 30, Axis Bank’s gross non performing assets (GNPA) and net NPA stood at Rs 16,756 crore (Rs 19,893 crore) and Rs 3,441 crore (Rs 3,995 crore), respectively.

–IANS