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The total income of the bank increased to Rs 33,516 crore in the third quarter of the current fiscal compared to Rs 26,798 crore in the year-ago period, Axis Bank said in a regulatory filing.
In the latest quarter, the bank’s interest income rose to Rs 27,961 crore from Rs 22,226 crore in the same period last fiscal.
The gross Non-Performing Asset (
Similarly, the net NPA declined to 0.36 per cent as compared to 0.47 per cent at the end of December 2022.
During the 2023 December quarter, the bank made a provision of Rs 181.70 crore in respect of investments in its Alternate Investment Funds (AIFs) pursuant to the
In the third quarter of this fiscal, the bank’s Net Interest Income (
However, the capital adequacy ratio of the bank declined to 14.88 per cent as compared to 17.60 per cent at the end of December 2022.