Axis Bank's Q4 Results; Earnings of Rs 7,130 cr, Dividends, and Rs 55,000 cr of Financing were Declared.
Axis Bank Q4 Earnings Highlights
Final dividend of Rs.1 per equity share recommended.
Non-interest income surged 41% YoY to Rs 6,766 crore
Net Interest Income (NII) grew 11% YoY to Rs 13,089 crore
Q4 standalone net profit: Rs 7,130 crore
Provisions and NPAs
Rs 55,000 crore fundraising approved for future growth.
Net NPA lowered to 0.31%
Gross NPA reduced to 1.43%
Provisions & contingencies: Rs 1,185 crore
Company Details Fundraising Details
Includes issuance of various debt securities permitted by RBI.
Aimed at bolstering capital base
Up to Rs 20,000 crore via equity sharesGross NPA reduced to 1.43%
Rs 35,000 crore via debt instruments
Analyst Commentary
Axis Bank is poised for strategic expansion amidst robust financials.
Shareholders vote on the final dividend at 30th AGM.
Bank's strong performance and fundraising plans signal growth focus.
Analysts express concerns over potential equity supply impact on share price.
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