Axis Bank Maintains Strong Position in Payments and Digital Banking
Audited Financial Results for Q4 and FY24 Released
New Delhi, April 5:
Leading private sector lender Axis Bank has reported strong financial performance for the fourth quarter (Q4) and financial year (FY24) ended March 31, 2024. The bank remains the largest player in the Merchant Acquiring business, further solidifying its position in Payments and Digital Banking.
The Axis Bank Limited Board of Directors approved the audited financial results for Q4 and FY24. The bank reported a standalone net profit of Rs 7,130 crore for Q4 FY24, demonstrating its resilience and growth momentum.
Axis Bank's consistent performance is attributed to its focus on digital transformation, customer-centric offerings, and prudent risk management. The bank has been investing heavily in technology and innovation to enhance its digital banking capabilities and provide seamless customer experiences.
With its strong financial position and commitment to innovation, Axis Bank is well-positioned to continue its growth trajectory and maintain its leadership in the banking industry.
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