₹5,863 crore in the second quarter of FY24 registering a 10% growth from ₹5,329.8 crore in the corresponding quarter of last year. Net interest income (NII), which is the difference between interest earned and interest expended, during Q2FY24 rose 18.9% to ₹12,314.56 crore from ₹10,360.26 crore, year-on-year (YoY). Net interest margin (NIM) for Q2FY24 was 4.11%, up 1 basis point QOQ and 15 basis points YOY, according Axis Bank’s filing exchange. For Q2FY24, core operating profit increased by 5% QOQ and 12% YoY to ₹8,733 crores. (REUTERS)” title =”Axis Bank Ltd on Wednesday reported a net profit of ₹5,863 crore in the second quarter of FY24 registering a 10% growth from ₹5,329.8 crore in the corresponding quarter of last year. Net interest income (NII), which is the difference between interest earned and interest expended, during Q2FY24 rose 18.9% to ₹12,314.56 crore from ₹10,360.26 crore, year-on-year (YoY). Net interest margin (NIM) for Q2FY24 was 4.11%, up 1 basis point QOQ and 15 basis points YOY, according Axis Bank’s filing exchange. For Q2FY24, core operating profit increased by 5% QOQ and 12% YoY to ₹8,733 crores. (REUTERS)”>