India's Axis Bank posts 41% rise in Q1 net profit

MUMBAI, July 26 (Reuters) - Indias Axis Bank Ltd (AXBK.NS) reported a 40.5% rise in first-quarter profit on Wednesday, helped by an increase in net interest income and robust growth in loans.

The Mumbai-based private lender reported a net profit of 57.97 billion Indian rupees ($706.98 million) for the quarter ended June 30 compared with 41.25 billion rupees a year ago.

($1 = 81.9971 Indian rupees)