Axis Bank reports a year-on-year increase in its June-quarter (Q1) net profit, rising by about 22–23% depending on the outlet’s figures. NDTV says net profit increases 23% to ₹7,114 crore from ₹5,806 crore in the same quarter last year. Business Standard reports net profit rises 22% to ₹7,632 crore and notes the result is above analysts’ estimates. Business Standard also attributes the profit improvement to factors including higher net interest income and lower loan-loss provisions. It adds that loan growth remains supported by improving credit demand, while net interest margins narrow. The same report states that bad loans edge higher, even as provisions fall, contributing to the overall earnings increase.