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Axis Bank - Q4 Profit rises to 70%

Axis Bank posted a phenomenal rise in standalone net profit for the quarter ended March 2008, aided by excellent growth in total income.

During the quarter, profit of the bank rose to 70.56 per cent to Rs 361.40 crore from Rs 211.89 crore in the same quarter last year. Interest earned for the quarter surged 47.46 per cent to Rs 2015.43 crore, while total income for the quarter jumped 54.20 per cent to Rs 2571.9 crore, when compared with the prior year period.
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