Excelsior Correspondent
JAMMU, July 22: Axis Bank today reported 18.3 per cent growth in net profit at Rs 1,667 crore for the first quarter ended June 2014.
The bank had earned a net profit of Rs 1,409 crore in the April-June quarter of 2013-14, Axis Bank said in a statement.
The net interest margin for the bank rose to 3.88 per cent in the April-June quarter, against 3.86 per cent in the same period of the previous year while the net interest income rose to 16 per cent to Rs 3,310 crore from Rs 2,865 crore in the same period.
However, the bank’s other income (non-interest revenue) declined to Rs 1,691 crore as compared Rs 1,781 crore April-June quarter of last fiscal.
During the quarter, trading profit of the Bank was Rs 260 crores, while miscellaneous income stood at Rs 53 crores.
The Bank added 19 branches during this period and now had a network of 2,421 domestic branches and extension counters and 12,930 ATMs situated in 1647 centres.
Trending Now
E-Paper
Follow our WhatsApp channel