Axis Bank reports net profit of 32 per cent
]The first quarter net profit of Axis Bank had has rised reportedly 32 per cent from Rs 741.88 crore against Rs 562.04 crore in the year ago period. The net interact income registered a rise of 45 per cent to Rs 1513.77 crore from Rs 1045.63 crore.
AXIS BANK has announced a net profit to the tune of 32 per cent for the first quarter of the year.
The first quarter net profit rose reportedly from Rs 741.88 crore against Rs 562.04 crore last year.
The growth of demand deposit is 38.39 per cent year-on-year to Rs 147,479 crore as on June 30, 2010 from Rs 110,256.35 crore on June 30, 2009.
The net interact income registered a rise of 45 per cent to Rs 1513.77 crore from Rs 1045.63 crore.
The increase in advances is of 30504.53 which stood at Rs 108609.11 crore against Rs 78104.58 crore in the year period.
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The growth of demand deposit is 38.39 per cent year-on-year to Rs 147,479 crore as on June 30, 2010 from Rs 110,256.35 crore on June 30, 2009.
The net interact income registered a rise of 45 per cent to Rs 1513.77 crore from Rs 1045.63 crore.
The increase in advances is of 30504.53 which stood at Rs 108609.11 crore against Rs 78104.58 crore in the year period.
AXis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies
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