Search
Axis Bank Emerges as Top Performer with 68% Growth in Q3 Profits
January 24, 2018
Private sector Axis Bank reported a 68% net profit growth in the third quarter of FY18, which stood at Rs. 726 crores. On a year over year basis, the jump was of 25%.
The lender said that its slippages also dropped by 50% as they stood at Rs. 8,110 crores, thus improving the quality of the assets.
The retail loans also jumped by 29% to Rs 1,93,296 crore and made for 46% of the net advances of the lender.
