Axis Bank Q3 internet revenue jumps 62% to Rs 5,853 crore

Private sector lender Axis Bank internet revenue elevated by 62 per cent to Rs 5,853 crore within the quarter ended December 2022 from Rs 3,614 crore within the year-ago interval.

Its internet curiosity earnings grew 32 per cent to Rs 11,459 crore from Rs 8,653 crore in the identical quarter of the earlier fiscal. Net curiosity margin (NIM) stood at 4.26 per cent. Gross non-performing property stood at 2.38 per cent and internet NPA at 0.47 per cent. Its provision and contingencies stood at Rs 1,438 crore, which included one-time provisions of Rs 340 crore.

The internet advances grew 15 per cent to Rs 7.62 lakh crore and deposits rose by 10 per cent to Rs 8.48 lakh crore.

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