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Axis Bank posts Rs 5,797 crore Q1 net

Chennai: Private sector Axis Bank closed the first quarter of FY24 with an after tax profit of Rs 5,797 crore.

In a regulatory filing, Axis Bank said for Q1FY24, it earned a total income of about Rs 30,644 crore (against Q1FY23’s Rs 21,657 crore) and a net profit of Rs 5,797 crore (Rs.4,125 crore).

As on June 30, 2023, the bank’s gross non-performing assets (GNPA) stood at Rs 18,158 crore (Rs 21,036 crore on June 30, 2022) and the net NPA at Rs 3,703 crore (Rs 4,780 crore).



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