India's Axis Bank reported a higher-than-expected second-quarter profit on Thursday, helped by an increase in core lending income. The country's fourth-largest private lender by market value said its standalone net profit,

Axis Bank shares gained attention after reporting an 18% rise in Q2 standalone net profit to Rs 6,918 crore. NII grew 9% YoY to Rs 13,483 crore, with a Net Interest Margin of 3.99%. Analysts maintain positive ratings,

Axis Bank's second quarter results showed a net profit of Rs 6,918 crore, up 18% year-on-year, exceeding the Bloomberg estimate of Rs 6,370 crore, according to an exchange filing. Sequentially, the bank's bottomline grew 15%.

India's Axis Bank reported a bigger-than-expected rise in second-quarter profit on Thursday, helped by higher core lending income. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.

In terms of deposits, Axis Bank reported a 14% YOY increase, with term deposits soaring by 21% YOY. Current Account Savings Account (CASA) deposits saw a more modest growth of 4% YOY.

Slippages for the September quarter were ₹4,443 crore, of which ₹4,073 crore were from the retail loan segment, ₹264 crore from commercial banking loans and another ₹106 crore from wholesale loans, the bank said.

Axis Bank announced a larger-than-expected increase in second-quarter profit, buoyed by strong core lending income and rising credit demand. The fourth-largest private lender in India, by market capitalization,

Axis Bank on Thursday posted an 18% jump in its net profit for the second quarter of the financial year, beating analyst estimates. What Happened: The private lender's net profit came in at ₹6,917.57 crore for the quarter ended September 30,