BENGALURU – India’s Axis Bank reported a 3.7% rise in third-quarter profit on Tuesday, helped by higher loan growth.
The Mumbai-based private bank reported a standalone net profit of 60.71 billion rupees ($730.19 million) in the three months ended Dec. 31, compared to 58.53 billion rupees a year ago.
The standalone numbers do not include the business of the bank’s subsidiaries.
($1 = 83.1430 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru and Siddhi Nayak in Mumbai; Editing by Janane Venkatraman)
