Axis Bank, India’s third largest private sector bank has unveiled its RuPay Platinum debit card, in partnership with National Payments Corporation of India (NPCI). Cardholders can avail additional premium features like insurance cover of Rs 200,000, access to lounge facilities across 31 airports in India along with cash back on IRCTC bookings and fuel surcharge waivers. The bank has launched two variants of the RuPay card - RuPay Classic and Rupay Platinum for its NRO segment.
The bank has posted a marginal fall of 1.21% in its net profit at Rs 2154.28 crore for the quarter ended March 31, 2016 as compared to Rs 2180.59 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.76% at Rs 13592.97 crore for quarter under review as compared to Rs 12384.39 crore for the quarter ended March 31, 2015.