The company's consolidated revenue fell 1% to 223.02 billion rupees ($2.65 billion) in the July-September quarter, but was above analysts average estimate of 222.58 billion rupees, as per LSEG data. ($1 = 84.0340 Indian rupees)

India's Axis Bank reported a bigger-than-expected rise in second-quarter profit on Thursday, helped by higher core lending income. The country's fourth-largest private lender by market capitalisation said its standalone net profit - which excludes its subsidiaries - rose 18% to 69.

Axis Bank is set to report its second-quarter results later in the day on Thursday, October 17. Investors will have their eye on loan growth and net interest margins (NIM). What Happened: Axis Bank is expected to report an 8% year-on-year increase in its net profit for the quarter ended September,