Bank’s net interest margin (NIM) was 3.6 percent from April to June, down from 3.46 percent in the same period last year and 3.49 percent in the previous quarter.
Shares of Axis Bank fell 3.5 percent to Rs 702 in intraday trade on the BSE on Tuesday as investors rallied after a weak June ( Q1 FY23).
Indian currencies have been the market’s worst performers so far this year, falling more than 35 percent compared to the benchmark’s 18 percent decline.
New Delhi: Axis Bank NSE 0.96% on Monday reported a net income of Rs 4,125.26 crore in the June quarter, up 91% from Rs 2,160.15 crore in the same period last year.