Axis Bank announced Q3FY24 results: Financial Performance Highlights: Net Interest Income (NII): Increased by 9% YoY to Rs 12,532 crores. Fee Income: Grew by 29% YoY to Rs 5,169 crores. Operating Expenses: Rose by 32% YoY to Rs 8,946 crores. Operating Profit: Slightly reduced by 1% to Rs 9,141 crores. Profit After Tax (PAT): Grew by 4% QoQ and 16% YoY to Rs 6,071 crores. Balance Sheet Summary: Total Assets: Growth of 14% YoY to Rs 13,98,541 crores. Advances: Increased by 22% YoY to Rs 9,32,286 crores. Deposits: Rose by 18% YoY to Rs 10,04,900 crores. Shareholders' Funds: Up by 9% to Rs 1,42,984 crores. Capital Adequacy Ratio (CAR): Reported at 16.63%. Business Segment Performance: Retail Loans: 27% YoY growth. SME Loans: Grew by 26% YoY. Corporate Loans: Increased by 15% YoY. Asset Quality: Gross NPA Ratio: Decreased by 80 bps YoY to 1.58%. Net NPA Ratio: Declined by 11 bps YoY to 0.36%. Provision Coverage Ratio (PCR): Remains healthy at 78%. Result PDF