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via economictimes.indiatimes.comBusiness & Companies

Axis Bank Q2 profit up 38% on loan growth

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Axis Bank has showcased impressive results with a 38% surge in net profit for the quarter ending in September. This significant growth stems from strong loan demand and enhanced asset quality. The bank's net interest income increased by 11.8% year-on-year, totaling 15,371 crore…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSolid results confirm the bank's loan strength, relevant for the Indian banking sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net profit rose 38% in the quarter ending September.
  2. 02Net interest income increased 11.8% year on year, to 15,371 crore.
  3. 03Overall advances grew 23% compared with the previous year.

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