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Axis Bank's September Quarter Profit Surges About 36%
Highlights
Provisions and contingencies fell about 13 per cent to Rs. 31.40 billion.
Axis Bank Ltd, the third-biggest private sector lender by assets, said on Tuesday that its second-quarter net profit jumped by about 36 per cent, as provisions for bad loans eased from a year earlier.
Net profit rose to Rs. 4.32 billion for the quarter ended September 30.
Provisions and contingencies fell about 13 per cent to Rs. 31.40 billion.
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