The bank had reported a loss of ₹5,728 crore in the corresponding period a year ago on goodwill impairment following Citibank s portfolio acquisition. The bank had reported a net profit of ₹6,071 crore in October-December 2023 period, translating into a 17% increase in profit on a sequential basis.
Axis Bank Q4 Results: Its net interest income or NII grows 11 per cent year-on-year (YoY) to Rs 13,089 crore, Net Profit At Rs 7,129 Crore Vs 5,728 Crore Loss A Year Ago
Axis Bank board recommended a final dividend of Re 1 per equity share, subject to approval of the members of the bank at the ensuing 30th Annual General Meeting.