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.

(Reuters) - Infosys, India's No.2 IT services exporter, beat second-quarter revenue estimates on Thursday, helped by a recovery in demand from its key financial industry clients.

India's Axis Bank reported an 18% year-on-year rise in second-quarter profit on Thursday, helped by higher core lending income on the back of strong credit demand.

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,