Fri, Feb 16, 2024
Former Rajya Sabha member Swamy filed a petition in the Delhi High Court against the Axis Max Life deal, accusing Axis Bank of a scam of Rs 5100 crore. He demanded an investigation by an expert committee, saying that the bank got undue benefit from the deal.
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Wed, Jan 24, 2024
Axis Bank shares faced a steep decline on Wednesday, falling over 6% due to worries about potential increase in funding costs, a likely drop in net interest margin (NIM), and ongoing challenges with deposit growth. These concerns cast doubt on the bank's ambitious loan growth targets for FY24 and FY25.
Wed, Dec 13, 2023
The Axis Bank block deal is estimated to be worth Rs 3700 crore. Bain Capital entities sold their 1.0 per cent stake in the bank (3.09 crore shares).
Wed, Jan 30, 2019
Axis Bank enjoys the taste of good earnings in its share price, as they even earmarked over Rs 700-price club on Sensex. But the real question is, how far is Axis Bank’s stock price ready to stretch. Is this the beginning of new uptrend or a windfall before a storm?
Tue, Jan 29, 2019
Every financial indicator in Axis Bank showed a stable performance.
The bank bagged a net profit of Rs 1,680.85 crore in Q3FY19, which was higher by a whopping 131.38% compared to Rs 726.44 crore in corresponding period of previous year.
Fri, Nov 02, 2018
A Bloomberg poll of analysts had predicted Axis Bank's net profit at Rs 759 crore in Q2FY19.
The Bank’s Net Interest Income (NII) grew 15% to Rs 5,232 crores during Q2FY19 as against Rs 4,540 crores a year ago same period.
Mon, Oct 29, 2018
The reason behind the rise of Axis Bank stock was due to execution stake in commodity services provider NSDL.
Mon, Sep 10, 2018
Amitabh Chaudhry is the new CEO & MD of Axis Bank and the reaction from investors has been immediate - the share price of Axis Bank jumped by as much as 5% with an intraday high of Rs 676.90 per piece on BSE.
Mon, Jan 22, 2018
A Bloomberg poll of analysts estimated Axis Bank’s net profit to come in at Rs 830 crore during the quarter.
Wed, Oct 18, 2017
Axis Bank in Q2FY18 result disappointed analysts by reporting net profit of Rs 432 crore. A Bloomberg poll of analysts projected PAT (profit after tax) of Axis Bank to be at Rs 1,320 crore this Q2.
Tue, Aug 08, 2017
Few days after when SBI revised down its interest rates on savings account, private lender Axis Bank too followed the suit by making 50 basis points revision.
Thu, Jul 27, 2017
The acquisition of Freecharge and Accelyst is expected to complete within two months, Axis Bank said.
Wed, Apr 26, 2017
For the full financial year, the bank registered a net profit of Rs 3679 crore, a decline of 55% on y-o-y basis.
In the last quarter the bank's Gross Non Performing Assets (GNPAs) climbed to Rs 20,467 crore as against Rs 16,379 crore at the end of September 30, 2016.
Wed, Feb 22, 2017
MSCI`s broadest index of Asia-Pacific shares outside Japan nudged up 0.1%
Thu, Feb 09, 2017
The banks have denied such rumours.
Tue, Jan 24, 2017
Live updates of Asian shares, BSE Sensex and NSE Nifty. Top stocks, stocks in focus, top gainers and top gainers of the day.
Mon, Jan 23, 2017
Fri, Jan 20, 2017
Axis Bank posted a 73% drop in its net profit for the third quarter ended December 31, 2016 on Thursday January 19, 2017.
Recoveries and upgrades were Rs 350 crores while write-offs during the quarter were Rs 122 crores.
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