Private sector lender Axis Bank today reported 22 per cent increase in net profit at Rs 1,347.22 crore for third quarter ended December 31, 2012.

The bank had posted a net profit of Rs 1,102.27 crore for the same quarter of last fiscal, Axis Bank said in a filing to the BSE.

Total income of the bank increased to Rs 8,580.30 crore during the October-December quarter, from Rs 7,206.77 crore in the year-ago period.

For the first nine months of 2012-13, the bank has clocked 22 per cent rise in net profit, to Rs 3,624.28 crore, from Rs 2,964.94 crore in the same period of the previous fiscal.

The bank reported a total income of Rs 24,678.96 crore in the first three quarters, compared to Rs 19,766.93 crore in the same period last financial year.