Axis Bank Q4 net up 18.3% at Rs 2,180.5 cr

Axis Bank today reported 18.3 per cent jump in net profit at Rs 2,180.59 crore for the fourth quarter ended March 31, 2014-15.
The country's third largest private sector lender had posted a net profit of Rs 1,842 crore during the corresponding quarter of 2013-14 fiscal.
Its total income increased to Rs 12,384.39 crore in the fourth quarter of the current financial year as compared to Rs 10,178.63 crore a year ago.
The board recommended 230 per cent or 4.60 dividend on the face value of Rs 2 each for the financial year 2014-15.
For the entire fiscal ended March, 2015, the bank's net profit grew by 18.3 per cent at Rs 7,357.82 crore, compared to Rs 6,217.67 crore during 2013-14.

Total income increased to Rs 43,843.64 crore during the year, compared to Rs 38,046.38 crore in the earlier fiscal.
Gross non-performing assets (NPAs), as a proportion of advances, rose to 1.34 per cent at the end of March 2015, as against 1.22 per cent in the previous fiscal. Net NPAs also rose to 0.44 per cent during the year from 0.40 per cent at the end of March 2013.
Shares of the bank closed at Rs 552.90 per share, up 3.30 per cent on the BSE.