Axis Bank Ltd.

Axis Bank's net profit increased by 23.62%to Rs 1,102.27 crore for the quarter ended December 31, 2011, from Rs 891.36 crore in the corresponding year-ago quarter, on the back of robust growth in both interest and fee income. Total income rose 44.54% to Rs 7,206.77 crore for the quarter under review from Rs 4,986 crore for the same quarter last year.

The bank’s gross NPA for the December quarter of the current fiscal stood at 1.10%, while the same was at 1.09% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s Net NPA stood at 0.39% as compared to 0.29% in the same quarter of the previous year.