Axis Bank Ltd.

Reserve Bank of India had issued a notice to Axis Bank notifying that the foreign share holding through Foreign Institutional Investors (FIIs) in the bank has crossed the overall limit of 49% of its paid-up capital. Hence, no further purchases of shares of this bank would be allowed through stock exchanges in India on behalf of FIIs.

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.