New Delhi: Axis Bank had announced an 18.4 percent rise in its net profit to Rs 1,899.76 crore for the third quarter ended December 2014-15. The third largest private sector bank’s net profit in the corresponding October-December quarter of last fiscal was Rs 1,604.11 crore.
The gross NPAs of the bank stood at 1.34 percent in the third quarter, over 1.25 percent in the year ago period. Net NPAs also rose marginally to 0.44 percent from 0.42 percent during the period under review.
Axis Bank will seek its shareholders’ approval to raise Rs 15,000 crore through bonds or debentures, it said. it informed BSE that it seeks to raise the fund on “private placement bases, in one or more tranches, as per the structure and within the limits permitted by the RBI, of an amount not exceeding Rs 15,000 crore”.
