Several companies declared their quarterly results during the week. Axis Bank declared its results for the first quarter of financial year 2012-13 (1QFY13). The bank has reported a 26% YoY growth in net interest income and 22% YoY growth in net profits for the full year period. The growth in net profits was despite the rise in provisions and slower growth in fee income (9% YoY). Axis Bank continued to build an India wide presence. During the June quarter, the bank opened 59 more branches and 413 ATMs. The bank's capital adequacy ratio (CAR) on firmer footing at 13.0% at the end of June 2012, Tier 1 capital at 9.5%