The Axis bank considered as the India’s Third Largest Bank or Private sector lender announced its net profit of fourth quarter is 33.33% means Rs 1,020 crore.Therefore last year at this time same the net profit is 765 crore.
The month January to march net profit and the current net profit is at a jumping level of Rs 1,701 crore with 16.51% growth as compared to Rs 1,460 crore in fourth quarter of FY10.The Company’s NPA’s were below down by 12 basis points.
The Axis Bank increase its branches by adding 407 new.Therefore the Net interest margins of Axis Bank declined at 3.65% versus 3.75% on year-on-year basis. But the bank expects net interest margin to remain in 3.25-3.5% range.
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