'Axis Bank has reported 4% growth in net profit at Rs 6034.64 crore for the quarter ended June 2024
(Q1FY2025). The bank has posted 12% growth in net interest income (NII), while
the core fee income of the bank also improved 16% in Q1FY2025. The Net Interest
Margin (NIM) of the bank eased to 4.05% in Q1FY2025 compared to 4.10% in the
corresponding quarter of previous year.
On business front, the bank as has
posted 14% growth in business with 14% surge in loan book. The asset quality of
the bank has witnessed marginal pressure in Q1FY2025. Bank has witnessed rise the
credit to deposit ratio to 92.2% at end June 2024 from 91.0% at end June 2023. The
CASA ratio of the bank has dipped to 41.8% at end June 2024 from 45.5% at end
June 2023.
Asset quality shows pressure: The bank has witnessed moderate
increase in NPAs in Q1FY2025.
The fresh slippages of loans stood at
Rs 4793 crore in Q1FY2025 c...
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(18-Nov-2024)
Bharat Forge
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