Axis Bank second-quarter profit rises about 36 percent
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. http://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)
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