Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Axis Bank To Issue Bonds Up To Rs 6,000 Crore

BI India BureauAug 22, 2014, 11:20 IST

Axis Bank’s board has given nod to issue long-term bonds or non-convertible debentures up to Rs 6,000 crore, the bank said in a filing on the BSE.

The bank reported 18.3% growth in net profit for the first quarter of the financial year 2014-15. It had earned a net profit of Rs 1,409 crore in the same quarter of 2013-14 fiscal. The total income of the bank went up to Rs 9,980.47 crore as against Rs 9,059.12 crore in the corresponding period last year.

The net interest income increased to 16% to Rs 3,310 crore from Rs 2,865 crore in the same period last year. But the bank's other income (non-interest revenue) decreased to Rs 1,691 crore as against Rs 1,781 crore in the April-June quarter of FY2013-14.