Axis Bank, India’s fourth-largest private sector lender, reported a subdued financial performance for the September quarter, with its net profit weakening further to ₹5,090 crore, a 26% drop from ₹6,918 crore in the same period last year. Sequentially, net profit declined 12.3% from ₹5,806 crore reported in the June quarter.
The bank’s net interest income (NII), the difference between interest earned from lending activities and interest paid to depositors stood at ₹13,745 crore in Q2FY26, marking a modest 2% year-on-year rise from ₹13,483 crore in the same quarter last year.
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