Axis Bank Ltd.

Axis Bank, country’s private sector lender is inking pact with International Finance Corporation (IFC) in order to support trade financing requirements of Indian exporters. With this initiative, the bank aims to help Indian exporters to access markets globally and boost the country’s international trade. In this association, IFC will support bank’s trade finance business by offering partial or full guarantees covering payment risk of its clients.

The bank’s net profit for the quarter ended March 31, 2013 jumped by 21.75% at Rs 1555.15 crore for the quarter as compared to Rs 1277.27 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 18.39% at Rs 9054.72 crore for the quarter under review as compared to Rs 7647.94 crore for the corresponding quarter of the previous fiscal.