Skip to content

Axis Bank Profit Jumps 54% on Strong Lending, Lower Provisions

India’s Axis Bank Ltd. posted a 54% rise in fourth-quarter profit after earnings were helped by robust growth in loans and lower provisioning.

Net income was 41.2 billion rupees ($538 million) in the January to March quarter, compared with 26.8 billion rupees a year earlier. That beat the average estimate of 39.1 billion rupees from 16 analysts in a Bloomberg survey.