India’s Axis Bank third-quarter profit jumps

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Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbai-based Axis Bank said in an exchange filing. .

Analysts on average had expected the bank to report a profit of 54.43 billion rupees, according to Refinitiv IBES data.

($1 = 81.3450 Indian rupees)

(Reporting by Nandan Mandayam and Chris Thomas in Bengaluru; Editing by Shinjini Ganguli)

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