Axis Bank back in black; reports Rs 1,505 crore net profit in Q4

Net interest income for the quarter, which is interest earned less interest expended, increased by 21 per cent to Rs 5706 crore from Rs 4730 crore in the previous year's quarter

Private lender Axis Bank on Thursday reported a net profit of Rs 1,505 crore for the March quarter, against a net loss of Rs 2,189 crore in the year-ago quarter, on healthy growth — both in interest income and other income as well as a steep fall in provisions over the previous year quarter. 

Net interest income for the quarter, which is interest earned minus interest expended, increased 21 per cent to Rs 5,706 crore, from Rs 4,730 crore in the March 2018 quarter, the bank said.

Other income for the quarter ended March grew 26 per cent to Rs 3,526 crore,