Axis bank net almost double

July 14th, 2008 - 3:52 pm ICT by IANS  


Mumbai, July 14 (IANS) Axis bank has announced a net profit of $82.53 million (Rs.3.3 billion) during the first quarter of the 2008-09 fiscal compared to $43.74 million for the corresponding quarter of the previous year. With this, the bank recorded a growth of over 88 percent.

For the quarter ending June 30, 2008, total income increased to $722.81 million (Rs. 28.91 billion) compared to $469.82 million (Rs.18.79 billion) in the corresponding period last year.

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