Axis Bank announced a 3 per cent increase in its standalone net profit for the third quarter ended December, reporting earnings of ₹6,490 crore compared with ₹6,304 crore a year earlier.
The bank’s net interest income rose 5 per cent to ₹14,287 crore, supported by strong loan growth of around 14 per cent. Total deposits grew by nearly 15 per cent during the quarter.
Asset quality improved, with a fall in gross and net non-performing assets, although margins dipped slightly. The bank said it continues to focus on balanced growth, strengthening its balance sheet, and maintaining prudent risk management amid a cautious lending environment.