<div>Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a 19 per cent increase in second-quarter profit, in line with estimates, while its bad loans remained stable.</div><div> </div><div>Net profit rose to Rs 1,916 crore ($295 million) for the three months to September 30 from Rs 1,611 crore a year earlier, the Mumbai-based bank said in a statement.</div><div> </div><div>Analysts on average had expected a net profit of Rs 1,920 crore, according to data compiled by Thomson Reuters.</div><div> </div><div>Gross bad loans as a percentage of total loans were little changed from the previous quarter at 1.38 per cent.</div><div><br>(Reuters)</div>
