Q4 net at Rs 7k crore, according to Axis Bk

Mumbai: For the quarter that concluded in March 2024, Axis Bank recorded a net profit of Rs 7,130 crore, up from a loss of Rs 5,728 crore in the same time the previous year.

The bank declared a net profit of Rs 24,861 crore for the whole financial year, which is 160% more than the previous year. Because of extraordinary factors associated with the purchase of Citibank’s business in March 2023, the numbers for the two years are not comparable.