Axis Bank announces financial results for the
Quarter and Half -
Year Ended 30th Sept. 2015 Results at a Glance :- " Net Profit for Q2FY16 and H1FY16 grew 19% YOY to `1,916 crores and `3,894 crores respectively " The Bank's Retail franchise continued to perform well CASA, on a daily average basis for Q2FY16, grew 14% YOY and constitutes 40% of Total Deposits Retail Term Deposits grew 18% YOY and constitutes 64% of Term Deposits, CASA and Retail Term Deposits constitutes 80% of Total Deposits, Retail Advances growth continues to be strong at 27% YOY and accounts for 40% of Net Advances Retail Fee Income in Q2FY16 grew 19% YOY and constitutes 40% of Total Fee Income " Asset Quality is healthy with Net NPAs at 0.48% " The Bank is well capitalised with a healthy Capital Adequacy Ratio (CAR). Under Basel III, Total CAR & Tier I CAR (including the net profit for H1FY16) stood at 15.42% and 12.21% respectively
Year Ended 30th Sept. 2015 Results at a Glance :- " Net Profit for Q2FY16 and H1FY16 grew 19% YOY to `1,916 crores and `3,894 crores respectively " The Bank's Retail franchise continued to perform well CASA, on a daily average basis for Q2FY16, grew 14% YOY and constitutes 40% of Total Deposits Retail Term Deposits grew 18% YOY and constitutes 64% of Term Deposits, CASA and Retail Term Deposits constitutes 80% of Total Deposits, Retail Advances growth continues to be strong at 27% YOY and accounts for 40% of Net Advances Retail Fee Income in Q2FY16 grew 19% YOY and constitutes 40% of Total Fee Income " Asset Quality is healthy with Net NPAs at 0.48% " The Bank is well capitalised with a healthy Capital Adequacy Ratio (CAR). Under Basel III, Total CAR & Tier I CAR (including the net profit for H1FY16) stood at 15.42% and 12.21% respectively
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