India, July 19 -- Axis Bank on Saturday reported a 22.23 per cent jump in consolidated net profit for the June quarter at Rs 7,632.31 crore.

The bank had reported a consolidated net profit of Rs 6,243.72 crore in the year-ago period. On a standalone basis, the third-largest private sector lender's net profit jumped 23 per cent to Rs 7,114 crore.

Its core net interest income grew 8 per cent to Rs 14,646 crore, on the back of a 19 per cent jump in advances and a decline in net interest margin to 3.46 per cent from 3.80 per cent in the year-ago period. The bank's net interest margin in the January-March quarter stood at 3.73 per cent.

A 38 per cent growth in corporate loans led the advances growth, while retail loans grew by just 8 per ce...