Home / Finance / News / Axis Bank logs net profit of Rs 1,683 cr in Q2; NII up 20% to Rs 7,326 cr

Axis Bank logs net profit of Rs 1,683 cr in Q2; NII up 20% to Rs 7,326 cr

NII has grown 20 per cent to Rs 7,326 crore in the July-September quarter of FY21, compared to Rs 6,102 crore in the corresponding period of last financial year

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The lender is holding aggregate additional provisions to the tune of Rs 10,389 crore as of September 30.

3 min read Last Updated : Oct 29 2020 | 1:27 AM IST

Axis Bank has reported a net profit of Rs 1,683 crore in the second quarter of 2020, compared to a loss of Rs 112 crore in the same period last financial year, aided by a healthy growth in net interest income (NII). The bank reported net profit of Rs 1,112 crore in the first quarter.

NII has grown 20 per cent to Rs 7,326 crore in the July-September quarter of FY21, compared to Rs 6,102 crore in the corresponding period of last financial year.

Net interest margin of the lender in the reporting quarter was 3.58 per cent against 3.51

Topics : Axis Bank Axis Bank results

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