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| Name | Axis Bank Q4 Results: Private lender posts loss of Rs 5,728 cr on Citibank deal; NII rises 33% YoY |
| Video Uploader | Video From The Economic Times |
| Upload Date | This Video Uploaded At 27-04-2023 10:26:07 |
| Video Discription | Private sector lender Axis Bank today reported a loss of Rs 5,728.42 crore in the March quarter on account of the acquisition of Citibank India's consumer business. Excluding the one-time hit due to the deal, the bank made a net profit of Rs 6,625 crore in Q4, a growth of 61% YoY. Axis Bank accounted for non-recurring items totalling Rs 12,490 crore related to the Citibank acquisition and charged them to the profit and loss account in Q4 and reported it as exceptional items. ► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1 ► More Videos @ ETTV - https://economictimes.indiatimes.com/TV ► https://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/EconomicTimesApp Follow ET on: ► Facebook - https://www.facebook.com/EconomicTimes ► Twitter - https://www.twitter.com/economictimes ► LinkedIn - https://www.linkedin.com/company/economictimes ► Instagram - https://www.instagram.com/the_economic_times ► Flipboard - https://flipboard.com/@economictimes #news #latestnews #economictimes #ET #TheEconomicTimes #businessnews |
| Category | News & Politics |
| Tags | business news | economy news | economic times | ET Markets | ET | latest news | news today | news | trending | viral | trending videos | viral videos | trending news | big news | axis bank q4 | axis bank q4 results | axis bank results | axis bank q4 earnings | axis bank earnings | axis bank shares | axis bank share price | axis bank | Citibank deal |
