![]() ![]() Livemint tops charts as the fastest growing news website in the world □ Click here to know more. The net interest income (NII) - difference between interest earned and interest expended - increased 20% year-on-year to ₹7,326 crore. Private sector lender Axis Bank reported a net profit of ₹1,682.67 crore in the September quarter of FY21. The bank’s core income or net interest income rose 16% year-on-year to ₹9,366 crore as on 30 September from ₹8,057 crore. ICICI Bank reported a six-fold year-on-year jump in its September quarter net profit to ₹4,251 crore. The convenience fee was effective from 1 August. ![]() ![]() It levies convenience fee on cash deposit transaction done at the rate of ₹50 per transaction after banking hours (or between 5:00 pm to 9:30 am) and on national and State bank holidays. The fee will not be applicable to senior citizens, basic savings bank account, Jan Dhan accounts, accounts held by incapacitated and visually impaired persons, student accounts or any other accounts identified by ICICI Bank, the lender mentioned.Īxis Bank had already started levying the charge earlier this year. ![]()
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