Axis Bank Q2 Results: PAT surges 18% YoY to Rs 6,918 crore, NII …
3 days ago · Private lender Axis Bank reported a standalone net profit increase of 18%, reaching Rs 6,918 crore, compared to a profit after tax (PAT) of Rs 5,864 crore in the corresponding quarter of the previous financial year. The bank’s Net Interest Income (NII) grew by 9% YoY to Rs 13,483 crore, while its Net Interest Margin (NIM) for Q2 FY25 stood at 3.99%.
Axis Bank Q2 results preview: Double-digit NII growth may drive …
4 days ago · Leading private sector lender Axis Bank is likely to report 8% year-on-year growth in its net profit for the quarter ended September 2024. The higher PAT will be driven by growth in net interest income (NII), non-interest income and lower slippages. NII for the second quarter is seen rising 10% year-on-year, according to an average estimate of five brokerages.
India's Axis Bank posts Q2 profit rise | Reuters
3 days ago · BENGALURU, Oct 17 (Reuters) - India's Axis Bank (AXBK.NS), opens new tab reported an 18% year-on-year rise in second-quarter profit on Thursday, helped by higher core lending income on the back of ...
Axis Bank Q2 results preview: PAT likely to surge 8-9% YoY, NII
4 days ago · In the previous June quarter, Axis Bank posted a net profit of ₹6,035 crore, reflecting a 4 per cent year-on-year increase, while net interest income grew by 12 per cent to ₹13,448 crore.
Axis Bank’s proposed acquisition of Citibank’s consumer …
Mar 30, 2022 · Axis Bank and Citibank today announced that their respective Boards of Directors have approved the acquisition of Citibank’s consumer businesses in India by Axis Bank. The acquisition is subject to customary closing conditions, including receipt of regulatory approvals.
Axis Bank closes Citi India deal at lowered price of $1.41 bln
Mar 1, 2023 · Indian private lender Axis Bank Ltd said on Wednesday it completed a deal to buy Citigroup Inc's local consumer and non-banking finance businesses, marking the U.S. lender's exit from its...
axis bank citibank merger: Axis Bank-Citibank merger complete: …
Mar 1, 2023 · Citibank's consumer business in India will be transferred to Axis Bank, as of March 1, 2023. Citibank India has announced on its website that its consumer banking customers will now be served by Axis Bank.
India's Axis Bank sees loan growth converging with deposits (Jan.
Jan 24, 2024 · India's Axis Bank (AXBK.NS) edged past third-quarter profit estimates on Tuesday and signalled that loan growth will eventually converge with deposit growth. The Mumbai-based private bank...
Citi Completes Sale of India Consumer Banking to Axis Bank ... - Citigroup
Mar 1, 2023 · NEW YORK - Citi announced today it has completed the sale of its India consumer business to Axis Bank Limited (Axis). The sale, which Citi and Axis first announced in March 2022, includes credit cards, retail banking, wealth management and consumer loans, as well as the transfer of approximately 3,200 Citi employees.
Axis Bank Q2 profit rises 18 pc to Rs 6,918 cr - ET BFSI
3 days ago · New Delhi, Axis Bank on Thursday reported an 18 per cent growth in net profit to Rs 6,918 crore in the second quarter ended September 2024. The private sector lender had earned a net profit of Rs 5,864 crore in the same quarter a year ago. Its total income increased to Rs 37,142 crore during the quarter under review against Rs 31,660 crore in the same period last year, Axis said in a ...