Axis Bank reported a standalone net profit of Rs 5,797.10 crore for the quarter ended June 2023, up 40% year-on-year (YoY) over Rs 4,125.26 crore profit reported by the company in the corresponding period of the last financial year. An ET NOW poll of analysts had anticipated the profit figure at Rs 6,000 crore.
India s second-largest private sector lender ICICI Bank s June quarter standalone profit after tax (PAT) recorded a growth of 39.7% year-on-year (YoY) to Rs 9,648 crore. ET NOW poll had estimated PAT at Rs 9,300 crore. Its net interest income (NII) increased by 38% YoY to Rs 18,227 crore
IndusInd Bank on Tuesday reported a 32.5% year-on-year (YoY) rise in the net profit for the quarter ended June to Rs 2,124 crore. An ET Now poll estimated the profit at Rs 2,100 crore. Net interest income, the difference between interest earned and interest expended, rose 18% YoY to Rs 4,867 crore. The banks operating profit, before provisions and contingencies, grew 13% YoY to Rs 3,830 crore.
TMBThanachart reported net profit of THB 4,566 million in 2Q23, a 33% increase year-over-year. For the first half of 2023, net profit was THB 8,861 million, an increase of 34% from last year. Financial position remained strong, backed by