Axis Bank Ltd. reported it turned a fourth-quarter web revenue of ₹7,130 crore after posting a web loss of ₹5,728.4 crore within the year-earlier interval.
The financial institution’s working revenue for the quarter rose 15% YoY to ₹10,536 crore.
NII rises
Net curiosity earnings grew 11% YoY to ₹13,089 crore. Net curiosity margin for Q4 stood at 4.06%. Provision and contingencies for Q4 stood at ₹1,185 crore.
The financial institution mentioned it had made particular mortgage loss provisions of ₹832 crore.
So far, the financial institution holds cumulative provisions (customary and extra apart from NPA) of ₹12,134 crore, CEO Amitabh Chaudhry mentioned.
