Business Standard

Axis Bank Q4 net up 25% at Rs 1,277 cr

Total income rises 31% to Rs 7,648 cr

Related News

today reported a 25% jump in its net profit at Rs 1,277.27 crore for the fourth quarter of the 2011-12 fiscal.

It had a profit of Rs 1,020.11 crore in the January-March quarter of 2010-11, Axis Bank said in a statement.

During Q4, total income of the bank increased 31.47% to Rs 7,647.94 crore, from Rs 5,817.06 crore in the same quarter of the previous fiscal, the bank said.

The bank restructured loans worth Rs 588 crore during the quarter under review.

The lender's net interest income up 26.16% at Rs 2,146.09 crore.

The bank recommended a dividend of 160% amounting to Rs 16 per share for the year ended March 31, 2012.

Shares of the banks today settled at Rs 1,103, up 1.57% on the BSE ahead of the earnings announcement.

Read more on:   
|
|
|

Read More

Rupee falls on oil demand, weaker euro

The rupee fell to near a one-week low on Monday hit by heavy demand for dollars from oil importers and tracking a euro that was under pressure.

Quick Links

More news from Finance Rss icon

Central Bank cheated of Rs. 436 cr

Case of criminal conspiracy, cheating and Prevention of Corruption Act has been registered against Electrotherm (India) Ltd

SBI cuts lending rate for home loans above Rs 75 lakh

Retains five basis point discount for woman borrowers

RBI says its system rugged enough to handle scams

Customers can be rest assured that their money is safe in whichever bank they are kept in country

Back to Top