Mumbai-based private lender Axis Bank Ltd . reported its results for the September quarter after market closing hours on Wednesday, October 15.

The lender's Net Interest Income (NII) or core income that it earns, increased by 1.9% from the year-ago period to ₹13,744 crore. A CNBC-TV18 poll had projected the figure to be ₹13,224 crore.

Net profit for the period stood at ₹5,090 crore, which is lower with the CNBC-TV18 poll figure of ₹5,692 crore. On a year-on-year basis, Axis Bank's net profit fell 26%.

Following an RBI advisory, Axis Bank has made an additional one-time standard asset provision of ₹1,231 crore during the September quarter for two discounted crop loan variants. The standard asset provision will be written back into the P&L, when all outstanding loans in the two disconti

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