Industry

Axis Bank net up 18.3%

Axis Bank shares rise over 3%; adds Rs 4,259 cr in mcap

Axis Bank on Wednesday said it had logged a net profit of Rs.7,357.82 crore in the last fiscal up from Rs.6,217.67 crore logged in 2013-14.

In its regulatory filing in BSE, the bank said the total income increased to Rs.43,843.64 crore during 2014-15 from Rs.38,046.38 crore earned during 2013-14.

The company’s board has recommended a divided of Rs.4.60 per share for the fiscal that went by.

The board also decided to seek shareholders approval to hike the FII/FDI limits to 74 per cent of its paid-up equity capital from the current 62 per cent.

PTI adds:

Shares of the bank gained 3.30 per cent to settle at Rs 552.90 on the BSE. During the day, it surged 4.79 per cent to Rs 560.90.



At the NSE, the stock went up by 3.16 per cent to end at Rs 551.95.



The stock was the biggest gainer among the blue—chips on both Sensex and Nifty.



The company’s market valuation rose by Rs 4,259.01 crore to Rs 1,31,141.01 crore.



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Printable version | May 31, 2020 6:06:05 PM | https://www.thehindu.com/business/Industry/axis-bank-net-up-183/article7154719.ece

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