The test for Axis Bank, after a stellar Q2
2 years, 2 months ago

The test for Axis Bank, after a stellar Q2

Live Mint  

There is exuberance among Axis Bank Ltd’s investors. For the second quarter, Axis Bank’s performance can be described as focused earnings delivery after a balance-sheet strengthening phase, said analysts at ICICI Securities Ltd. Govt looking to sell stake in listed rail firms HUL investors must keep expectations low After Q2 results, several broking firms revised the bank’s earnings estimates upwards. In Q2, the bank’s deposit growth stood at 10% year-on-year primarily due to muted growth in retail term deposits, which contribute highest share to total deposits. Apart from the progress on the Citi deal, investors in the Axis Bank stock should Elsewhere in Mint In Opinion, Manu Joseph explains how Meta became the arch-villain of our times.

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History of this topic

LIC, ITC to Axis Bank: Mutual funds bullish on these large-cap stocks. Should you buy any of these?
4 weeks, 1 day ago

LIC, ITC to Axis Bank: Mutual funds bullish on these large-cap stocks. Should you buy any of these?

Live Mint  

Mutual funds' top additions and reductions for three consecutive months Brokerage firm Nuvama Wealth Management, in its mutual fund portfolio analysis report for the month of November, highlighted that LIC, ITC, HUL, L&T and Axis Bank were among the key additions by fund houses for three consecutive months. CRISIL, Exide, Tata Technologies, Godrej Industries and Honeywell Auto were among the …

Axis Bank Share Price Today on 27-11-2024: Axis Bank share price are up by 0.27%, Nifty up by 0.05%
1 month, 2 weeks ago

Axis Bank Share Price Today on 27-11-2024: Axis Bank share price are up by 0.27%, Nifty up by 0.05%

Live Mint  

Axis Bank Share Price Today on 27-11-2024: At 27 Nov 11:24 today, Axis Bank shares are trading at price ₹1147, 0.27% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 1136.79 10 …

Axis Bank Share Price Today on 26-11-2024: Axis Bank share price are down by -0.42%, Nifty up by 0.03%
1 month, 2 weeks ago

Axis Bank Share Price Today on 26-11-2024: Axis Bank share price are down by -0.42%, Nifty up by 0.03%

Live Mint  

Axis Bank Share Price Today on 26-11-2024: At 26 Nov 11:22 today, Axis Bank shares are trading at price ₹1150.65, -0.42% down from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at …

Axis Bank Share Price Today on 25-11-2024: Axis Bank share price are up by 1.03%, Nifty up by 1.82%
1 month, 2 weeks ago

Axis Bank Share Price Today on 25-11-2024: Axis Bank share price are up by 1.03%, Nifty up by 1.82%

Live Mint  

Axis Bank Share Price Today on 25-11-2024: At 25 Nov 11:26 today, Axis Bank shares are trading at price ₹1154.75, 1.03% up from the previous closing price. On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at …

Axis Bank Share Price Today on 22-11-2024: Axis Bank share price are down by -0.43%, Nifty up by 1.31%
1 month, 2 weeks ago

Axis Bank Share Price Today on 22-11-2024: Axis Bank share price are down by -0.43%, Nifty up by 1.31%

Live Mint  

Axis Bank Share Price Today on 22-11-2024: At 22 Nov 12:23 today, Axis Bank shares are trading at price ₹1134.2, -0.43% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Axis Bank Share Price Today on 13-11-2024: Axis Bank share price are down by -1.5%, Nifty down by -1.36%
1 month, 4 weeks ago

Axis Bank Share Price Today on 13-11-2024: Axis Bank share price are down by -1.5%, Nifty down by -1.36%

Live Mint  

Axis Bank Share Price Today on 13-11-2024: At 13 Nov 16:00 today, Axis Bank shares are trading at price ₹1141.15, -1.5% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Axis Bank Share Price Today on 12-11-2024: Axis Bank share price are down by -1.34%, Nifty down by -1.07%
1 month, 4 weeks ago

Axis Bank Share Price Today on 12-11-2024: Axis Bank share price are down by -1.34%, Nifty down by -1.07%

Live Mint  

Axis Bank Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Axis Bank shares are trading at price ₹1155, -1.34% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at …

Axis Bank Share Price Today on 11-11-2024: Axis Bank share price are up by 0.44%, Nifty down by -0.03%
Trending News
1 month, 4 weeks ago

Axis Bank Share Price Today on 11-11-2024: Axis Bank share price are up by 0.44%, Nifty down by -0.03%

Live Mint  

Axis Bank Share Price Today on 11-11-2024: At 11 Nov 16:00 today, Axis Bank shares are trading at price ₹1166.6, 0.44% up from the previous closing price. On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at …

Axis Bank Share Price Today on 04-11-2024: Axis Bank share price are down by -2.15%, Nifty down by -1.27%
2 months ago

Axis Bank Share Price Today on 04-11-2024: Axis Bank share price are down by -2.15%, Nifty down by -1.27%

Live Mint  

Axis Bank Share Price Today on 04-11-2024: At 04 Nov 16:00 today, Axis Bank shares are trading at price ₹1143, -2.15% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges
2 months, 3 weeks ago

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges

Live Mint  

Axis Bank reports a strong Q2FY25 performance, with a 18% rise in standalone net profit to ₹6,917.57 crore. The bank's net interest income (NII) rose 10% YoY, while the net interest margin (NIM) shrunk by four per cent. Despite the decline in NIM, the bank's margin excluding the one-time tax gain remained broadly maintained. The bank's net loans grew by …

Stocks to buy: Axis Bank, Dr Lal Pathlabs among top four stock picks by SMC Global Securities for this week
6 months, 4 weeks ago

Stocks to buy: Axis Bank, Dr Lal Pathlabs among top four stock picks by SMC Global Securities for this week

Live Mint  

Stock market today: Indian stock market benchmarks consolidated for the second consecutive session on Tuesday, June 11, amid weak global cues.Despite opening higher and trading in positive territory for a significant part of the session, equity benchmarks—Sensex and Nifty 50—ended flat on profit booking in the absence of fresh triggers. In the current market scenario, domestic brokerage firm SMC Global …

HDFC Bank vs ICICI Bank vs Axis Bank: Which stock to buy after Q4 results?
8 months, 1 week ago

HDFC Bank vs ICICI Bank vs Axis Bank: Which stock to buy after Q4 results?

Live Mint  

Top Indian private banks, HDFC Bank, ICICI Bank and Axis Bank, have reported their Q4 results with the lenders showing a decent growth in its net profit and net interest income along with contracting net interest margin. All these three top private lenders HDFC Bank, ICICI Bank, and Axis Bank reported a faster deposit growth in Q4FY24 as compared with …

Axis Bank shares climb 6 pc post earnings announcement; mcap surges by ₹19,695.96 cr
8 months, 2 weeks ago

Axis Bank shares climb 6 pc post earnings announcement; mcap surges by ₹19,695.96 cr

Hindustan Times  

New Delhi, Shares of Axis Bank on Thursday climbed 6 per cent after the company reported a consolidated net profit of ₹7,599 crore during the March 2024 quarter. Axis Bank shares climb 6 pc post earnings announcement; mcap surges by ₹ 19,695.96 cr The stock advanced 5.98 per cent to settle at ₹1,127.35 apiece on the BSE. Axis Bank on …

Axis Bank Q4 results: Net profit at ₹7,130 crore, asset quality improves
8 months, 2 weeks ago

Axis Bank Q4 results: Net profit at ₹7,130 crore, asset quality improves

Hindustan Times  

Axis Bank on Wednesday reported a consolidated net profit of ₹7,599 crore during March 2024 quarter, but expressed concerns over deposit accretion in the new fiscal. Sequentially, the bank's net profit grew 17 per cent as compared to ₹6,071 crore earnings recorded in the preceding quarter of FY24. The bank reported a 22 per cent growth in net profit from …

Axis Bank Q3 net profit surges to Rs 6,071 crore, interest income rises to Rs 27,961
11 months, 2 weeks ago

Axis Bank Q3 net profit surges to Rs 6,071 crore, interest income rises to Rs 27,961

India TV News  

Private sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 crore in the third quarter ended December 2023. In the latest quarter, the bank's interest income rose to Rs 27,961 crore from Rs 22,226 crore in the same period last fiscal. The total income of the bank increased to Rs 33,516 …

ICICI Bank, SBI, Maruti, Lupin among top 16 picks by Axis Securities
1 year, 1 month ago

ICICI Bank, SBI, Maruti, Lupin among top 16 picks by Axis Securities

Live Mint  

Axis Securities has rolled over its Nifty Base case December’24 target at 23000. Amongst the Financials Axis Securities remains bullish on ICICI Bank Ltd, State Bank of India, Bank of Baroda, mid-cap Federal Bank and small cap CreditAccess Grameen Ltd. The target price of Axis Securities at ₹1250 for ICICI Bank, ₹715 for SBI, ₹255 for Bank Of Baroda, ₹180 …

Axis Bank focuses on strong digi-retail banking; analysts bullish on stock
1 year, 1 month ago

Axis Bank focuses on strong digi-retail banking; analysts bullish on stock

Live Mint  

Axis Bank analyst day: Brokerages have maintained a "buy" rating on Axis Bank's stock following its analyst day, and they estimate a 13% to 23% upside for the stock. According to reports, providing comprehensive digital journeys and improving customer experiences were the main priorities of Axis Bank. Let's take a look at what the domestic brokerages have to say following …

Axis Securities picks these three FMCG stocks post Q1 results; here’s why
1 year, 4 months ago

Axis Securities picks these three FMCG stocks post Q1 results; here’s why

Live Mint  

Axis Securities Review: The majority of fast-moving consumer goods companies during Q1 have highlighted continued signs of rural recovery, boosting volume growth, according to domestic brokerage Axis Securities, following the April-June earnings season. Structural growth trajectory: According to the brokerage's report, Indian FMCG companies have been seeing structural growth, but many categories—such as premium detergents and shampoos—remain underserved and underpenetrated …

ICICI Bank, SBI among top banking sector pics by Axis Securities
1 year, 4 months ago

ICICI Bank, SBI among top banking sector pics by Axis Securities

Live Mint  

The Indian banks delivered stellar performance in the first quarter of FY24, with many state-run lenders registering over 100% year-on-year growth in net profit. The private lender has met most criteria in terms of growth, margins, and asset quality and has started FY24 well and Axis Securities expects this momentum to continue. Strong asset quality metrics should keep credit costs …

Axis Bank to infuse ₹1,612 crore in Max Life through preferential allotment
1 year, 5 months ago

Axis Bank to infuse ₹1,612 crore in Max Life through preferential allotment

Live Mint  

Axis Bank will raise its stake in Max Life to 16.22% from 9.99%by infusing ₹1,612 crore through a preferential allotment of shares. “This is with reference to our earlier letters dated April 28, 2020, July 23, 2020, August 24, 2020, October 30, 2020, February 24, 2021, April 6, 2021, and January 10, 2023, informing that Axis Bank Limited and its …

Axis Bank share price Today Live Updates : Axis Bank closed today at ₹971.4, down -0.66% from yesterday's ₹977.9
1 year, 5 months ago

Axis Bank share price Today Live Updates : Axis Bank closed today at ₹971.4, down -0.66% from yesterday's ₹977.9

Live Mint  

On the last day, Axis Bank opened at ₹970.6 and closed at ₹977.9. Axis Bank share price Live :Axis Bank trading at ₹972.45, down -0.56% from yesterday's ₹977.9 The current price of Axis Bank stock is ₹972.45, which represents a percent change of -0.56. Axis Bank share price NSE Live :Axis Bank trading at ₹972, down -0.6% from yesterday's ₹977.9 …

Quant Pick: Short covering can push Axis Bank stock towards ₹950 in short term
1 year, 9 months ago

Quant Pick: Short covering can push Axis Bank stock towards ₹950 in short term

Live Mint  

Bank Nifty has declined more than 6 per cent from highs where both public, private sector banks came under pressure. However, analysts at ICICI Direct believe current declines should act as a good entry opportunities for stocks like Axis Bank, which is trading near its important support of ₹800 levels on the long term price data. The Axis Bank stock …

Axis Bank shares may give 30% return in long term, says Prabhudas Lilladher
1 year, 10 months ago

Axis Bank shares may give 30% return in long term, says Prabhudas Lilladher

Live Mint  

Axis Bank shares have been in base building mode after ushering in new year 2023. In YTD time, Axis Bank share price has slipped from around ₹942 per share to ₹845 per share levels, logging more than 10 per cent loss in 2023. However, Prabhudas Lilladher believes that Axis Bank shares are out of base building mode and it is …

Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers
1 year, 10 months ago

Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers

News 18  

Mumbai-headquartered Axis Bank has completed the acquisition of the India consumer business of the Citigroup-owned foreign bank Citibank for Rs 12,325 crore. The deal, announced in March 2022, will see India’s third largest private sector bank absorbing Citibank’s consumer businesses covering loans, credit cards, wealth management and retail banking operations in India. In a stock exchange filing last week, Axis …

Axis Bank hikes FD rates by up to 7.26% effective from today
1 year, 10 months ago

Axis Bank hikes FD rates by up to 7.26% effective from today

Live Mint  

The private sector lender Axis Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr. Following the announcement, Axis Bank is now providing interest rates on deposits maturing in 7 days to 10 years that range from 3.50% to 7.00% for the general public and 6.00% to 7.75% for senior citizens. Axis Bank is now providing …

Axis Bank Q3 Results: Net Profit Rises 62 Per Cent To Rs 5,853 Crore
1 year, 11 months ago

Axis Bank Q3 Results: Net Profit Rises 62 Per Cent To Rs 5,853 Crore

ABP News  

Axis Bank, one of India's biggest private sector lenders, on Monday clocked a 62 per cent rise in net profit at Rs 5,853 crore for the quarter ended December 2022, driven by increase in net interest income and decline in bad loans. Axis Bank's total income increased to Rs 26,892 crore in the quarter from Rs 21,101 crore in the …

Axis Bank to raise Rs 12,000 crore through Tier II bonds; details here
2 years, 1 month ago

Axis Bank to raise Rs 12,000 crore through Tier II bonds; details here

Firstpost  

The government sold its entire 1.55 per cent stake in Axis Bank last month, amounting to 46.5 million shares. The floor price of the sale was set at Rs 830.63 per equity Axis Bank has announced that it is going to raise funds amounting to Rs 12,000 crore via Tier II bonds. The State Bank of India sold 10-year infrastructure …

Bain Capital to sell $410 million Axis Bank stake
2 years, 2 months ago

Bain Capital to sell $410 million Axis Bank stake

Live Mint  

Bain Capital will sell a 1.24% stake in private lender Axis Bank Ltd through a block trade on Tuesday, which is expected to fetch the private equity investor $410 million, according to the deal terms seen by Mint. Bain Capital holds a 4.24% stake in Axis Bank as of 30 September through three entities - BC Asia Investments VII, BC …

Axis Bank’s Q2 margin strong; shares at a new high mirroring the optimism
2 years, 2 months ago

Axis Bank’s Q2 margin strong; shares at a new high mirroring the optimism

Live Mint  

Shares of Axis Bank Ltd rose more than 8% intraday on Friday on the National Stock Exchange, also hitting a new 52-high of ₹895.70 apiece. Axis Bank’s management said that NIMs will be maintained at current levels led by improvement in business mix, higher yields and asset repricing. “The bank will need to accelerate deposit growth in H2, for supporting …

Axis Bank-Citi Deal: Know What It Means For Citi Debit, Credit Card Customers
2 years, 5 months ago

Axis Bank-Citi Deal: Know What It Means For Citi Debit, Credit Card Customers

News 18  

As the Axis Bank-Citi deal has got approval from the Competition Commission of India, the amalgamation has moved an inch towards merger reality. The Rs 12,325-crore deal involves the merger with Citi’s personal loans, credit cards and wealth management businesses that are focused on the affluent segment, with Axis Bank. Here’s what it means for customers: The deal includes the …

Axis Bank's Acquisition of Citi's Consumer Business in India for Rs 12,325 Crore Gets CCI Nod
2 years, 5 months ago

Axis Bank's Acquisition of Citi's Consumer Business in India for Rs 12,325 Crore Gets CCI Nod

News 18  

The Competition Commission of India has approved the Rs 12,325 deal of Axis Bank’s acquisition of Citibank’s consumer businesses in India, the authority announced on Tuesday, July 26. “Commission approves acquisition of Citibank, N.A.’s and Citicorp Finance Limited’s undertakings comprising of their consumer banking activities by Axis Bank,” the CCI said on Twitter. Commission approves acquisition of Citibank, N.A.’s and …

Sensex sheds 498 pts, Nifty below 16,500; Infy slips 3.5%, Axis Bank 3%
2 years, 5 months ago

Sensex sheds 498 pts, Nifty below 16,500; Infy slips 3.5%, Axis Bank 3%

Business Standard  

CLOSING BELL Stock market highlights: Equity markets settled near the low point of the day as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday. The benchmark S&P BSE Sensex fell 498 points, or 0.89 per cent, to end at 55,268, while the broader Nifty50 shut shop at 16,484, down 147 …

Axis Bank Q1 Results: Lender's Net Profit Nearly Doubles To Rs 4,125 Crore; NII Up 21 Per Cent
2 years, 5 months ago

Axis Bank Q1 Results: Lender's Net Profit Nearly Doubles To Rs 4,125 Crore; NII Up 21 Per Cent

ABP News  

Private sector lender Axis Bank on Monday announced its April-June quarter results, the PTI reported. The bank said its net profit nearly doubled to Rs 4,125 crore in the first quarter of FY23, as bad loans decline. According to the report, Axis Bank had clocked a net profit of Rs 2,160 crore in the corresponding quarter of the previous fiscal …

Axis Bank Share Price Slips 5% On Q4 Results; Should Investors Buy, Hold or Sell?
2 years, 8 months ago

Axis Bank Share Price Slips 5% On Q4 Results; Should Investors Buy, Hold or Sell?

News 18  

Axis Bank Share Price: Axis Bank shares dropped around 5 per cent on Friday to hit a low of Rs 739 on BSE a day after the company posted quarterly earnings. Axis Bank, one of the largest private-sector lenders in India, reported a massive 54 per cent on-year growth in standalone profit for the quarter ended March, largely driven by …

Axis-Citi's Retail Network Merger: What Will Happen to Employees, Their Salaries?
2 years, 9 months ago

Axis-Citi's Retail Network Merger: What Will Happen to Employees, Their Salaries?

News 18  

Axis Bank-Citi Merger: The employees of Citibank who will choose to join Axis Bank will keep enjoying the same pay structures as present, a report quoting sources said on Friday. On March 30, private lender Axis Bank said it had agreed to acquire Citi India’s retail assets for $1.6 billion. “The addition of experienced wealth managers from Citi would give …

Citi India Debit, Credit Cards Users: What Will Happen to You After Axis Deal
2 years, 9 months ago

Citi India Debit, Credit Cards Users: What Will Happen to You After Axis Deal

News 18  

With Axis Bank on Wednesday announcing to acquire Citibank’s consumer business in India, it will effect churning of Citi India’s retail customers to move to Axis Bank. Here’s what debit and credit card customers need to know about the deal and its impact: Citi Credit Card Users: What’s the Next Step According to the RBI’s latest data, the total number …

Axis Bank-Citi India Retail Business Deal Worth $1.6 Billion; Know Details
2 years, 9 months ago

Axis Bank-Citi India Retail Business Deal Worth $1.6 Billion; Know Details

News 18  

Citi India on Wednesday, March 30, declared that private lender Axis Bank will acquire the group’s retail assets in India for an amount of $1.6 billion. Under the agreement between Axis Bank and Citi India, the former will acquire the foreign company’s consumer business in the country through milestone-linked payments. Speaking about the deal, Citi India CEO Ashu Khullar said …

Axis Bank to Take Over Citi India's Retail Business for $2 Billion; Announcement Today
2 years, 9 months ago

Axis Bank to Take Over Citi India's Retail Business for $2 Billion; Announcement Today

News 18  

Axis Bank is all set to acquire Citi India’s retail assets for $2 billion, according to sources. The retail business of Citi India includes credit cards, wealth management and retail customer accounts. This deal, where Axis Bank is set to acquire Citi’s consumer business in India, will have milestone-linked payments. Axis Bank was given the nod to acquire Citigroup’s retail …

Axis Bank Shares Jump Over 6% After Stellar Show In Q3
2 years, 11 months ago

Axis Bank Shares Jump Over 6% After Stellar Show In Q3

ABP News  

New Delhi: Private lender Axis Bank’s shares on Tuesday jumped over 6 per cent after the bank’s consolidated net profit for the December quarter zoomed almost three times. The bank’s core net interest income grew 17 per cent to Rs 8,653 crore on the back of a 17 per cent loan growth and a marginal expansion in the net interest …

Axis Bank Q3 Results: Net Profit Surges 224% To Rs 3,614 Cr, Beats Estimates
2 years, 11 months ago

Axis Bank Q3 Results: Net Profit Surges 224% To Rs 3,614 Cr, Beats Estimates

ABP News  

New Delhi: India’s third-largest private lender Axis Bank on Monday logged 224 per cent jump in its net profit to Rs 3,614 crore for the quarter ended December 2021 on strong growth in loans and improvement in asset quality, and beats Street estimates. According to PTI report, net interest income of the bank was up by 17 per cent year-on-year …

Axis Bank executes first domestic trade deal on govt-backed blockchain platform
3 years ago

Axis Bank executes first domestic trade deal on govt-backed blockchain platform

Live Mint  

MUMBAI: Private lender Axis Bank on Monday said it has successfully executed industry-first blockchain-enabled domestic trade transaction with Arcelor Mittal Nippon Steel India, and Lalit Pipes & Pipes Ltd on Secured Logistics Document Exchange, a government-backed platform. According to the bank, the platform provides a seamless experience to all participants involved in the trade transaction, giving them visibility of the …

Axis Bank hires i-banks for ₹12k crore share sale
4 years, 5 months ago

Axis Bank hires i-banks for ₹12k crore share sale

Live Mint  

The proposed share sale is likely to be launched as early as next month Axis Bank Ltd has hired investment banks UBS, Credit Suisse and BNP Paribas and its in-house unit Axis Capital to manage its proposed share sale, which could see the private lender raise as much as ₹12,000 crore, three people aware of the development said. {{^adFree}} {{/adFree}} …

Govt to raise 22,000 cr by selling stake in Axis Bank, ITC; deal to be completed by second week of May
4 years, 8 months ago

Govt to raise 22,000 cr by selling stake in Axis Bank, ITC; deal to be completed by second week of May

Firstpost  

Shares of ITC and Axis Bank declined on Wednesday after news reports that the central government is looking to sell stake in these companies. The Union government is reportedly looking to raise Rs 22,000 crore by selling its stake in ITC and Axis Bank, which it holds through the Specified Undertaking of the Unit Trust of India, in a bulk …

Axis Bank: investors should forgive the net loss but not forget bad loans
5 years, 2 months ago

Axis Bank: investors should forgive the net loss but not forget bad loans

Live Mint  

Exactly six quarters ago, Axis Bank Ltd reported a massive quarterly loss owing to a bad loan-battered balance sheet. This time’s loss for the September quarter is due to a one-time tax adjustment, as the lender moved to a lower tax bracket after the government’s corporate tax cut announcement. Simply put, Axis Bank’s bad loans are not reducing because borrowers …

Axis Bank’s June quarter shows growth sparks, but fresh stress appears too
5 years, 5 months ago

Axis Bank’s June quarter shows growth sparks, but fresh stress appears too

Live Mint  

At a time when there is a broad-based economic slowdown, growth in lending is hard to come by. In that scenario, Axis Bank Ltd’s swift turnaround to a robust core income growth, driven by 19% increase in domestic loans, should cheer investors. Indeed, the management said the bank is not chasing extraordinary growth, but would rather lend to good borrowers, …

Axis Bank revises fixed deposit (FD) rates. Check out the latest rates here
5 years, 5 months ago

Axis Bank revises fixed deposit (FD) rates. Check out the latest rates here

Live Mint  

Axis Bank has revised interest rates on its fixed deposits with effect from 10 July 2019. Earlier, top lenders like ICICI Bank, HDFC Bank, Punjab National Bank, Canara Bank and Kotak Mahindra Bank had revised interest rates on their term deposits. The bank is now offering 7.3% for FDs maturing in 2 years but not more than 3 years and …

Axis Bank has fixed its big bad loans but small loan risks are rising
5 years, 8 months ago

Axis Bank has fixed its big bad loans but small loan risks are rising

Live Mint  

Private lender Axis Bank has fixed its big bad loan problems that had dragged it down to a loss making lender a year back. The share of loans rated ‘BB’ and below in the lender’s overall corporate loan book has reduced to just 1.3%, from 7.3% a year back. Meanwhile, the bank has shown investors in each of last four …

Axis Bank back in the black with ₹1,505 crore profit in Q4
5 years, 8 months ago

Axis Bank back in the black with ₹1,505 crore profit in Q4

Live Mint  

Private sector lender Axis Bank on Thursday reported a net profit of ₹1,505 crore in the March quarter of FY19, as against a loss of ₹2,188.7 crore in the same period last year. Axis Bank’s other income, which includes core fee income, rose 26% y-o-y to ₹3,526.28 crore in the three months to March 2019. The bank’s gross non-performing assets …

CEO Amitabh Chaudhry’s cautious aggression makes Axis Bank darling of investors
5 years, 9 months ago

CEO Amitabh Chaudhry’s cautious aggression makes Axis Bank darling of investors

Live Mint  

Investors can’t stop piling up on the stock of Axis Bank Ltd, India’s third-largest private sector lender. Part of this is driven by the hope that the bank’s new CEO will narrow the gap with the top private sector lender, HDFC Bank Ltd. Axis Bank’s stock has risen 20% so far this year, while HDFC Bank and second-ranked ICICI Bank …

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