India's Axis Bank reported a 4% year-on-year rise in third-quarter profit on Thursday, helped by higher core lending income.

The Mumbai-based private lender's standalone net profit - which excludes its subsidiaries - rose 4 per cent to Rs 6,304 crore

Axis Bank Q3 Results: Private lender Axis Bank on Thursday, reported a standalone net profit increase of 3.8%, reaching ₹ 6,304 crore in December 2024, compared to a profit after tax (PAT) of ₹ 6,071 crore in the corresponding quarter of the previous financial year.

India's Axis Bank reported a smaller-than-expected rise in third-quarter profit on Thursday, as it set aside more funds for potential bad loans amid a slight deterioration in asset quality. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes earnings of its subsidiaries - rose 4% to 63.

P rivate sector lender Axis Bank on Thursday reported a 4.49% rise in net profit for the December 2024 quarter. Profit climbed to Rs 6304 crore in the third quarter against Rs 6,0