scorecardresearchAxis Bank third-quarter profit jumps

Axis Bank third-quarter profit jumps

Updated: 23 Jan 2023, 04:23 PM IST
TL;DR.
Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbai-based Axis Bank said in an exchange filing.
FILE PHOTO: A visitor watches an Axis Bank's advertisement at its corporate headquarters in Mumbai, India July 25, 2017. REUTERS/Danish Siddiqui/File Photo

FILE PHOTO: A visitor watches an Axis Bank's advertisement at its corporate headquarters in Mumbai, India July 25, 2017. REUTERS/Danish Siddiqui/File Photo

(Reuters) - Indian private lender Axis Bank Ltd on Monday reported a 61.9% rise in quarterly profit, as strong loan growth boosted interest income.

Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbai-based Axis Bank said in an exchange filing.

Analysts on average had expected the bank to report a profit of 54.43 billion rupees, according to Refinitiv IBES data.

First Published: 23 Jan 2023, 04:23 PM IST