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Axis Bank Q3 net up 224% to Rs 3,614 cr on better interest margins

Net Interest Income rose 17% YoY basis to Rs 8,653 crore in Q3FY22. Sequentially, it was up 10%

Axis Bank
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Abhijit Madhav Lele Mumbai
Private sector lender Axis Bank’s net profit rose 224 per cent to Rs 3,614 crore for the third quarter ended December 2021 (Q3 of FY22) on improvement in net interest margin (NIM) and other income.

Net profit was Rs 1,117 crore in Q3 of FY21. Sequentially, net profit rose by 15 per cent from Rs 3,133 crore in the second quarter ended September 2021. Its stock closed 1.16 per cent lower at Rs 704.35 per share on the BSE on Monday.

Net interest income (NII) rose by 17 per cent year-on-year (YoY) to Rs 8,653 crore in Q3. Sequentially, NII grew by

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First Published: Jan 24 2022 | 8:04 PM IST

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