India's Axis Bank reported a higher-than-expected second-quarter profit on Thursday, helped by an increase in core lending income. The country's fourth-largest private lender by market value said its standalone net profit,

In terms of deposits, Axis Bank reported a 14% YOY increase, with term deposits soaring by 21% YOY. Current Account Savings Account (CASA) deposits saw a more modest growth of 4% YOY.

The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.18 billion rupees ($823.25 million) for the quarter ended Sept.

Axis Bank may report 14.4 per cent YoY rise in net profit at Rs 6,710 crore on 11.7 per cent YoY rise in NII at Rs 13,751 crore. Pre-provision operating profit is seen at Rs 10,367 crore, up 20.1 per cent YoY,

Axis Bank's Q2FY25 financial report shows 18% net profit growth, 9% NII growth, and strong provision coverage ratios.

India's Axis Bank reported an 18% year-on-year rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand.

State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago.

Central Bank of India is currently trading at Rs. 58.92, up by 1.53 points or 2.67% from its previous closing of Rs. 57.39 on the BSE.

Axis Bank on Thursday posted an 18% jump in its net profit for the second quarter of the financial year, beating analyst estimates. What Happened: The private lender's net profit came in at ₹6,917.57 crore for the quarter ended September 30,

Axis Bank announced a larger-than-expected increase in second-quarter profit, buoyed by strong core lending income and rising credit demand. The fourth-largest private lender in India, by market capitalization,