Axis Bank Ltd.

Axis Bank, a private sector lender has received an approval for allotment of Senior Notes aggregating to $20 million only under the MTN (Medium Term Note) Programme through its Dubai International Financial Centre (DIFC) branch. The board at its meeting held on June 18, 2013 has approved the same.

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.