Axis Bank Ltd.’s quarterly profit rose in the second quarter as provisions fell. Net profit jumped 86% year-on-year to Rs 3,133.3 crore in the three months ended September, the private lender said in an exchange filing. Analysts polled by Bloomberg estimated a net profit of Rs 2,649.6 crore. The bank’s net interest income, or core income, rose 8% over the preceding year to Rs 7,900 crore. Net interest margin stood at 3.39%.
Axis Bank Ltd Quote
Axis Small Cap fund outperforms in last one year. But is that enough?
In a market where small cap stocks are being thrashed badly (S&P BSE Smallcap is down nine per cent), Axis Small Cap fund has delivered a return of around 22% over the past one year ended November 13, 2019 as per the data available on Valueresearchonline.com.
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Axis Bank: Axis Bank Ltd shares rise 1% after ratings agency ICRA assigned βICRA MAAAβ rating with βstableβ outlook to the fixed deposit programme of the bank.