Axis Bank's June quarter profit down 46% to â¹701 crore
After reporting its first-ever quarterly loss in the January-March quarter, Axis Bank posted a 46.3% decline in June quarter profit to â¹701 crore. The private lender's net interest income, or the core income from operations, increased by 12% to â¹5,167 crore. Provisions for bad loans fell to â¹3,338 crore, from â¹7,179.5 crore in the previous quarter.