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Retail loan growth lifts Axis Bank net 22% in Q3


MUMBAI, JAN 15: 
Retail loan growth and lower provisioning helped Axis Bank report a 22 per cent increase in net profit at Rs 1,347 crore in the October-December quarter.

The private sector lender had posted a net profit of Rs 1,102 crore in the year-ago period.
Net interest income (NII) during the quarter was up 17 per cent to Rs 2,495 crore (from Rs 2,140 crore in Q3 FY12). ‘Other income’, led by fee and trading income growth, rose by 13 per cent to Rs 1,620 crore (Rs 1,430 crore in Q3 FY12).
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