Axis Bank Ltd.

Axis Bank has entered into tie-up with Apollo Munich whereby the health insurance company will be offering bank customers customized insurance policies. This partnership will help further expand the bank’s existing bouquet of offerings and put forth a compelling proposition and ensure the health and well-being of customers.

The bank has registered a rise of 14.50% in its net profit at Rs 2175.3 crore for third quarter ended December 31, 2015 as compared to Rs 1899.76 crore for the same quarter in the previous year. Total income of the bank has increased 14.66% at Rs 12531.11 crore for Q3FY16 as compared Rs 10928.81 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 1.68% in the October- December quarter as against 1.34% in the same quarter previous year, while net NPAs stood at 0.75%.