BENGALURU (Reuters) – India’s Axis Bank reported a 4% year-on-year rise in third-quarter profit on Thursday, helped by higher core lending income.
The Mumbai-based private lender’s standalone net profit – which excludes its subsidiaries – rose 4% to 63.04 billion rupees ($728.5 million) for the quarter ended Dec. 31.
($1 = 86.5350 Indian rupees)
(Reporting by Nishit Navin; Editing by Mrigank Dhaniwala)
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