Axis Bank net profit plunges 73% in December quarter
India's third largest private lender Axis Bank has reported a 73% year-on-year fall in net profit for the quarter ended December to ₹579.6 crore. However, the total income of the bank increased by 15.7% to ₹14,501 crore during the period under review. The fall in profits was attributed to a rise in bad loans.