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AXISBANK
the country's leading private sector lender, on Thursday, April 24, reported net profit of ₹7,117.50 crore in quarter ended March 2025, marking a marginal decline of 0.17% from 7,129.67 crore in the same period last year.
Axis Bank's net interest income (NII) or the difference between interest earned on loans and expended on deposits came in at ₹13,810.54 crore at the end of fourth quarter of financial year 2024-25 as against ₹13,089 in the year-ago period, showing an increase of 5.51%.
The bank's provisions for bad loans fell rose on an annual basis but fell sharply on quarter-on-quarter basis. The bank made provisions worth ₹1,359.35 crore at the end of March quarter as against provisions of ₹2,155.63 crore in the previous quarter and ₹1,185 crore in the year ago period.#TrendingSectors#PersonalFinance
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