Axis Bank Ltd.

Axis Bank, India’s third largest private sector bank, has launched the -- e-Wallet Card -- for online payments. The e-Wallet Card is an electronic payment service offered free of cost by the Bank to its customers, which works like any credit or debit card for making online payments. The e-Wallet Card can be created instantly using the bank’s internet banking and can be used for making payments on all websites that accept Visa cards.

Axis Bank has reported 33.5% increase in net profit at Rs 1,020.11 crore for the fourth quarter ended March 31, 2011 against Rs 764.8 crore in the same quarter in the previous fiscal. Total income of the bank rose by 48.3% to Rs 5,817 crore in the January-March quarter compared to Rs 3,922 crore in the same period previous fiscal.