Axis Bank Ltd.

SUUTI a trust fund -Specified Undertaking of the Unit Trust of India is planning to raise Rs 3,000-4,000 crore via the sale of a stake held in Axis Bank by month-end. SUUTI holds a 20.7 percent stake in Axis Bank.

Axis Bank has reported 19.06% rise in its net profit at Rs 1604.11 crore for third quarter ended December 31, 2013 as compared to Rs 1347.22 crore for the same quarter in the previous year. Total income of the bank has increased by 9.94% at Rs 9433.55 crore for quarter under review as compared to Rs 8580.30 crore for the quarter ended December 31, 2012.