Axis Bank Q2 FY26 Results (File Photo)
\n\nAxis Bank reported a strong rise in earnings for the September quarter of FY27, with net profit increasing 38 per cent year-on-year to Rs 7,003 crore. The private sector lender had posted a net profit of Rs 5,089 crore in the same quarter a year ago. Higher net interest income and an improvement in asset quality supported the bank’s performance. Net interest income (NII), which represents the difference between interest earned and interest paid, grew 12 per cent year-on-year to Rs 15,371 crore. The bank’s net interest margin (NIM) stood at 3.36 per cent, rising to 3.47 per cent after excluding the impact of foreign currency non-resident (FCNR-B) deposits.
\n\nOperating profit rose 6 per cent to Rs 11,083 crore, while core operating profit increased 11 per cent to Rs 10,998 crore. Other income slipped 1 per cent to Rs 6,531 crore, although fee income grew 6 per cent to Rs 6,381 crore.
\n\nManaging director and CEO Amitabh Chaudhry said the bank continued to prioritise digital payments, secure banking, AI-driven innovation and strategic partnerships to improve its customer offerings.
\n\nAxis Bank Q2FY27: Asset Quality Shows Improvement
\n\nAxis Bank recorded a decline in both gross…
Original source: https://www.timesnownews.com/business-economy
