New Delhi, Oct. 17 -- Axis Bank on Saturday, October 17, reported a 38% year-on-year (YoY) jump in net profit to Rs.7,003 crore for the second quarter of FY27, compared with Rs.5,089 crore in the corresponding quarter last year. The private sector lender's earnings were supported by growth in net interest income and an improvement in asset quality.

Net interest income (NII), the difference between interest earned and interest expended, increased 12% YoY to Rs.15,371 crore. Net interest margin (NIM) stood at 3.36% during the quarter and improved to 3.47% after excluding the impact of foreign currency non-resident (FCNR-B) deposits.

Operating profit grew 6% YoY to Rs.11,083 crore, while core operating profit rose 11% to Rs.10,998 crore. O...