The first 2011 results for Axis Bank under its new management direction, seem to be a vote of confidence with the bank scoring INR 1500 Crs or $330 million in Net Interest Income and almost 50% or $162mn in Net Profits, beating the highest estimates proferred, with no significant contribution from Proprietary Trading. I-Sec is expected to run aground, true to form with growth slowing to 14% more to come..Non performing assets are still 0.35% and that is quite good.

LIC Hsg also reported a 60% rise in PAT to $45 mn in the quarter, rooting for becoming a member of the biggies club with the rate. 

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