Mumbai, Apr 25 UNI | 3 months ago

Private sector lender, AXIS Bank Ltd has posted a net profit of 18.44 percent to Rs 1842.32 crore for the quarter ended March 31,2014 as compared to Rs. 1555.15 crore for the quarter ended March 31, 2013. The total Income has increased from Rs 9054.72 crore for the quarter ended March 31, 2013 to Rs 10178.63 crore for the quarter ended March 31, 2014, repesentiing an increase of 12.41 percent.


For the Year ended March 31, 2014 the bank has posted a net profit of Rs. 6217.67 crore for the year ended March 31, 2014 against Rs 5179.43 crore for the year ended March 31, 2013 , rising 20.45 percent.

The total income has increased from Rs 33733.68 crore for the year ended March 31, 2013 to Rs.38046.38 crore for the year ended March 31,2014, repersenting an increase of 12.78 percent, the bank said in a statement.

The board of Directors of the Bank, has recommended the payment of dividend 200 percent on equity shares of the Bank and the same will be payable after it is approved by the shareholders at the ensuing 20th Annual General Meeting.

(Posted on 26-04-2014)