Axis Bank Ltd.

Axis Bank had unveiled electronic ‘Kisan Card’ to facilitate easy agriculture lending to farmers through ATMs. The Card will be offered to farmers or agrarian customers of the bank on their cash credit crop loan accounts. The offer will provide the convenience of visiting any ATM for cash withdrawals instead of visiting the branch.

The card will provide queue free 24x7 disbursement facilities for farmers by allowing them to use their loan limit by withdrawing cash up to Rs 1 Lakh per day.

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.