Axis Bank Ltd.

Axis Bank, a private sector lender has launched a new credit card in India. The bank has launched the card in association with 'Miles and More', Europe’s largest international frequent flyer programme along with MasterCard.

Axis Bank’s 'Miles & More' card, is available in two variants - World and World Select, combines financial and travel benefits for international frequent flyers. Through the strategic alliance the bank is looking at the various travel needs of its customers.

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.