Axis Bank results impress; stock rises 4%
Axis Bank, one of India’s largest private sector banks, clocked an impressive 28% growth in net interest income to Rs 3,838 crore for the quarter ended 31 December 2010, compared to the same period last year. Its net profit grew at 36% to Rs 891 crore, on a year-on-year (y-o-y) basis, and 21% over quarter ended 30 September 2010, which is commendable.
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