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Axis Bank posts Q1 net up 18.7% at Rs 1,978 crore

The third largest private sector bank of the country, Axis Bank has reported a 18.72% rise in the net profit to Rs 1,978 crore in April-June quarter against Rs 1,666 crore of the same quarter last year.

Gross NPA were at 1.38% against 1.34% q-o-q, and net NPA was 0.48% compare to 0.44% q-o-q.

Interest income stood at Rs 4,057 crore, whereas as provisions came at Rs 1,122 crore against Rs 710 crore q-o-q.

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