New Delhi, April 24:
Axis Bank, one of India’s biggest private banks, shared its results for the last part of the financial year (January to March). The bank made a profit of ₹7,117.50 crore, which is just a little less than what it earned in the same time last year (₹7,129.67 crore).
What’s new in this quarter?
- Total Interest Earned: The bank earned ₹31,242.51 crore from interest, which is almost 7% more than last year.
- Net Interest Income (NII): This went up 6% to ₹13,811 crore.
- Net Interest Margin (NIM): This is how much profit the bank makes from interest. It dropped a little to 3.97% from 4.06% last year.
Other important numbers:
Operating Profit: The bank made ₹10,752 crore from its regular business, which is 2% more than last year.
Costs: Its expenses went up 6%.
Provisions: The bank set aside ₹1,359 crore to cover risky loans or losses.
Loans and Deposits:
Axis Bank’s total balance sheet (the value of everything it owns and owes) grew 9% to ₹16.09 lakh crore.
Deposits went up 10% compared to last year, and 7% more than the previous quarter.
CASA (current and savings accounts) deposits made up 41% of all deposits.
Loan Growth:
Total loans given by the bank reached ₹10.4 lakh crore, which is 8% more than last year.
Most loans (60%) were given to people (retail loans), like home loans, personal loans, and credit cards.
- Home loans went up 1%
- Personal loans grew 8%
- Credit card loans increased 4%
Business loans to small and medium companies grew 14%.
Big corporate loans also grew 8%.
How safe are the bank’s loans?
Bad loans (NPA) are low. Gross NPA is 1.28% and Net NPA is 0.33% as of March 2025.
This means most of the people and businesses who took loans are paying them back on time.
Dividend for Shareholders:
Axis Bank will give ₹1 as a dividend for each share that has a face value of ₹2.
