In a regulatory filing with the BSE, Axis Bank said it has posted a net profit of Rs 1,305.60 crore -- down from Rs 1,555,53 crore posted for the quarter ended June 30, 2016.
Axis Bank had earned a total income of Rs 14,052.30 crore for the period under review as against Rs 13,852.18 crore during the same period of the previous year.
The bank's gross non-performing assets (NPAs) stood at Rs 22,030.87 crore as on June 30, 2017 -- up from Rs 9,553.17 crore at the end of June 30, 2016.
The net NPA at the end of the first quarter was Rs 9,765.98 crore -- up from Rs 4,010.23 crore as on June 30, 2016.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.