Saturday, April 28, 2012

Axis Banks Profit rises to Rs 1277 crore

Axis Bank nowadays announced its monetary results for the fourth Quarter likewise as for the monetary Year ended on thirty first March, 2012

MD and CEO, Axis Bank, Shikha Sharma informed that the Bank’s web profit throughout this fall FY12 rose to Rs 1277 crores from Rs 1020 crores in this fall FY11, registering a growth of twenty fifth year on year (YOY) whereas net profit for FY12 stood at Rs 4242 crore up by twenty fifth from Rs 3388 crore for FY11.

The Operating Revenues for this fall FY12 stood at Rs 3733.71 crores, up by 18.48% YOY from Rs 3151 crores for Q4FY11 whereas the Operating Revenues for FY12 stood at Rs 13437.97 crores, up by two hundredth YOY from Rs 11195.12 crores for FY11.

The deposits of the Bank grew by one hundred and eightieth YOY to Rs 91422 crores for FY12 from Rs 77767 crores throughout FY11, with Saving Bank deposits growing V-day YOY. The YOY growth in web Interest Income and Fee Income throughout FY12 was twenty second and twenty fifth respectively. web Interest Margin throughout FY12 was three.59% compared to three.65% in FY11.

The asset quality was healthy with web NPAs, as a proportion of web client assets were zero.25% on March thirty one,2012 against zero.26% as on March thirty one,2011.

The bank is well capitalized with a Capital Adequacy Ratio of thirteen.66% as at the top of FY12 compared to twelve.65% as at the top of FY11. Tier-I capital was nine.45 resembling at the top of FY12, as against nine.41 resembling at finish of FY11.

During the this fall FY12, the Bank added 129 branches and 16000 ATMs

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