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Axis Bank Q2 net 32%

Net profit of Axis Bank grew by 32 per cent to Rs 531.64 crore for the second quarter ended September 30, over the same period last year, aided mainly by increase in other income and reduction in cost of funds.

Increase in current and saving deposits helped the bank cut cost of funds to 5.41 per cent (6.08 per cent) and also post a healthy growth in net interest income
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