Excelsior Correspondent
JAMMU, Oct 20: The Axis Bank Limited approved the financial results for the quarter and half year, which ended on September 30, 2013.
The Bank continues to report healthy earnings in terms of growth in crores revenue.
The Bank maintained its quarterly net profit by a growth of 21 percent touching Rs 1362 crore mark while its Operating Profit for this quarter grew by 26 percent.
The Bank’s Net Interest Income for this quarter grew by 26 percent to Rs 2939 crore compared to Rs 2327 crore one year ago.
Other income increased 11 percent to Rs 1766 crore from 1593 crore in the same quarter previous year, while the Net Interest margin improved 0.33 percentage points to 3.79 percent at the end of September 2013 from previous quarter.
During Q2FY14, the Bank added 204 branches and 308 ATMs to its network across the country and at the end of September 30, 2013, had a network of 2,225 domestic branches and extension counters and 11,796 ATMs situated in 1502 cities and towns.
The total assets under overseas operations were USD 6.46 billion as September 30, 2013, registering a growth of 7 percent.
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