Google trend - Axis Bank Q4

Axis Bank Q4 - 10 things to know with detail

• Net Profit: Axis Bank reported a net profit of Rs 2,677 crore for the fourth quarter of the fiscal year 2020-21, compared to a net loss of Rs 1,388 crore in the same quarter last year.
• Net Interest Income (NII): The bank's NII increased by 11% to Rs 7,555 crore in Q4 FY21, compared to Rs 6,808 crore in Q4 FY20.
• Net Interest Margin (NIM): Axis Bank's NIM stood at 3.56% in Q4 FY21, compared to 3.55% in Q4 FY20.
• Asset Quality: The bank's gross non-performing assets (NPA) ratio improved to 3.70% in Q4 FY21, compared to 4.86% in Q4 FY20. The net NPA ratio also improved to 1.05% in Q4 FY21, compared to 1.56% in Q4 FY20.
• Provisioning: Axis Bank made provisions amounting to Rs 7,730 crore in Q4 FY21, compared to Rs 7,730 crore in Q4 FY20.
• Capital Adequacy Ratio (CAR): The bank's CAR stood at 19.12% as of March 31, 2021, compared to 17.53% as of March 31, 2020.
• Advances: Axis Bank's total advances grew by 12% to Rs 6.89 lakh crore as of March 31, 2021, compared to Rs 6.15 lakh crore as of March 31, 2020.
• Deposits: The bank's total deposits grew by 10% to Rs 8.51 lakh crore as of March 31, 2021, compared to Rs 7.73 lakh crore as of March 31, 2020.
• Digital Initiatives: Axis Bank has been focusing on digital transformation and innovation, with a strong emphasis on enhancing customer experience and convenience through digital channels.
• Outlook: The bank remains cautiously optimistic about the economic recovery post the COVID-19 pandemic and is focused on managing risks and enhancing its digital capabilities to drive growth and profitability in the future.