Axis Bank reports 70.24% rise in the net profit

Axis Bank has reported a 70.24% rise in the net profit to Rs 562.04 crore for the June 2009 quarter as against Rs 330.14 crore during the year-ago period.

The bank’s total income has moved up 33.65% from Rs 2891.24 crore for the June 2008 quarter to Rs 3864.13 crore for the June 2009 quarter.

Axis Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. As of June 30, 2009, the bank has a very wide network of more than 853 branches and extension counters. The bank has a network of over 3723 ATMs providing 24 hrs a day banking convenience to its customers.