Axis Bank has declared its Q4FY23 monetary outcomes.
Axis Bank This autumn outcomes: Net curiosity earnings throughout January-March 2023 jumps 33.1 per cent year-on-year to Rs 11,742.2 crore
Private sector lender Axis Bank on Thursday posted a standalone loss of Rs 5,728.42 crore for the March quarter of FY23. The loss is on account of the shopping for price of Citi Bank’s India shopper enterprise through the quarter.
The lender had reported a revenue of Rs 4,117.77 crore within the corresponding interval final yr.
Axis Bank’s board has really helpful a remaining dividend of Re 1 per share for the monetary yr 2022-23, in response to a BSE submitting.
The financial institution’s web curiosity earnings, the distinction between curiosity earned and curiosity expended, throughout January-March 2023 jumped 33.1 per cent year-on-year to Rs 11,742.2 crore.
On the asset high quality entrance, Axis Bank’s gross non-performing belongings (GNPAs) improved by 80 foundation factors y-o-y and 30 bps q-o-q to 2.02 per cent on the finish of March 2023 quarter. Its web NPAs additionally decline to 0.39 per cent, a decline of 34 bps y-o-y and eight bps qoq.
Shares of Axis Bank on Thursday fell Rs 6.75 or 0.76 per cent to shut at Rs 881.05 apiece on the BSE.
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