India's Axis Bank Q2 profit up 19 pct; bad loans stable

October 27, 2015 8:44 AM

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MUMBAI Oct 27 Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a 19 percent increase in second-quarter profit, in line with estimates, while its bad loans remained stable.

Net profit rose to 19.16 billion rupees ($295 million) for the three months to Sept. 30 from 16.11 billion rupees a year earlier, the Mumbai-based bank said in a statement.

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