NEWS & ADVICE : PERSONAL LOAN
Axis Bank reported a profit of 18%
By Vaibhav Aggarwal
Jan 19, 2015
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The leading private sector bank - Axis bank has reported a profit of 18%. At the end of December 2014, the profit of the bank stood at Rs1,900 crore. The bank states that stable loan growth, healthy treasury income are the major factors that contributed towards the profit of the bank.

Net interest income increased by 20 per cent, while non-interest income grew by 24 per cent. The total advances for the quarter grew by 23 per cent year-on-year. Sequentially, net interest margin (NIM) dipped marginally to 3.93 per cent from 3.97 per cent .With the development and increasing profit the bank has further plan to raise capital of up to ₹15,000 crore on a private placement basis.


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