Axis Bank Q1FY19 result: Lender's core operating profit grew 23% to Rs 4,269 cr
Axis Bank Q1FY19 result: Retail business momentum remains healthy for the bank as CASA deposits on a cumulative daily average balance (CDAB) basis grew 15% YOY and constituted 46% of total deposits. Saving deposits on a CDAB basis grew 18%.
The Bank’s Net Interest Income (NII) grew by 12% YOY to Rs 5,167 crores during Q1FY19 from Rs 4,616 crores in Q1FY18. Net interest margin for Q1FY19 stood at 3.46%. Image source: Reuters