Axis Bank, on October 25, announced its quarterly earnings for the July-September quarter.

The private sector lender reported a 10% year-on-year (YoY) increase in its net profit at Rs 5,864 crore for the quarter under review against the Rs 5,330 crore reported in the same quarter of the previous fiscal year.

The net interest income of the bank stood at Rs 12,315 crore for Q2, whereas the net interest margin for the quarter stood at 4.11%, up by 15 basis points.

The gross non-performing asset stood at 1.73%, which decreased from 2.5% reported in the year-ago quarter. The net non-performing asset stood at 0.36, which improved from 0.51% reported in Q2FY24.

The bank’s advances saw a 23% YoY increase to Rs 8.97 lakh crore, whereas the deposit stood at Rs 9.55 lakh crore against the Rs 811 lakh crore reported in the corresponding quarter of the previous fiscal year.

On the domestic front, the bank’s net loans saw a 26% YoY increase, whereas the retail loans saw a 23% increase to Rs 5.19 lakh crore.