Page 13 - Axis Bank

Axis Bank to elevate Rajiv Anand as Deputy Managing Director

Anand, an Executive Director in charge of wholesale banking at present, has been with the Axis Group for 12 years

Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%

Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure

Stocks to Watch: Bajaj Auto, Axis Bank, ITC, Maruti, L&T, SBI Life, Cipla

The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today

Axis Bank dips 4% on profit booking post September quarter results

The bank reported a weak operating performance in the quarter ended September 2021, owing to decline in margin, higher opex and sluggish business growth

Axis Bank profit jumps 86% to Rs 3,133 crore in September quarter

Strong fee income, fall in provisions boost bottom line

Axis Bank second quarter net profit rises 86% to Rs 3,133 crore

Private sector Axis Bank on Tuesday reported an over 86 per cent jump in its standalone net profit at Rs 3,133.32 crore in the second quarter ended September 2021. The bank had posted a net profit of Rs 1,682.67 crore during the same period of the previous fiscal year. Total standalone income during July-September 2021-22 rose to Rs 20,134.39 crore, from Rs 19,550 crore in the same period of 2020-21, Axis Bank said in a regulatory filing. The bank showed improvement on the asset quality front, as the gross non-performing assets (NPAs) or bad loans fell to 3.53 per cent of the gross advances by the end of September this year from 4.18 per cent in the same period a year ago. Net NPAs, however, rose to 1.08 per cent from 0.98 per cent. Bank's provisions for bad loans and contingencies for the reported quarter fell substantially to Rs 1,735 crore from Rs 4,343 crore put aside in the year-ago period. Shares of Axis Bank closed at Rs 842.25 apiece on the BSE, down 0.33 per cent from th

Sensex gains 383pts, broader indices outperform; Tata Steel up 4%, RIL 2.4%

The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers

Stocks to Watch: RPSG Ventures, Axis Bank, Bajaj Fin, CanBank, Ceat, ABB

Valuation and inflation worries, high crude prices and sustained selling by foreign funds may weigh on market sentiment, while stock specific action shall continue

Vaishali Parekh recommends buying Axis Bank, Hindustan Oil Exploration

The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts

Here's why Osho Krishan is bullish on Axis Bank, BirlaSoft and Gujarat Gas

According to the technical analyst from Anand Rathi, Axis Bank is in a secular uptrend and can rally up to Rs 870

Axis Bank to waive 12 EMIs on select home loans under festive offer

Private sector lender Axis Bank on Tuesday announced waiver of 12 EMIs on select home loan products, and discounts on various online purchases as part of its festival offer. Axis Bank is offering waivers of 12 EMIs on select home loan products and providing on-road finance without any processing fee for two-wheeler customers, it said in a release. For business owners, it will offer several benefits on term loans, equipment loan and commercial vehicle finance. Announcing the launch of 'Dil se Open Celebrations : kyunki Diwali roz roz nahi aati', the bank said it will offer deals and discounts on shopping in restaurants and other retail loan products on purchases made through Axis Bank debit and credit cards. Customers will be offered up to 20 per cent discount on purchases from select 2,500 local merchants across 50 cities. The bank customers will get discounts up to 20 percent on shopping from these stores. "This festive season we have partnered with esteemed brands and also the l

Avenue Supermarts hits valuation hurdle, stock at 124 times FY23 earnings

Margin disappointment weighs on stock, which has gained 47% in 3 months

Dramatic improvement in asset quality post June: Amitabh Chaudhry

'The RBI has started normalising its extraordinary injection of liquidity in a calibrated manner', said Chaudhry

UBS Principal Capital Asia sells Axis Bank shares worth Rs 255 crore

UBS Principal Capital Asia Ltd on Friday sold Axis Bank's shares worth nearly Rs 255 crore through an open market transaction

Axis Bank commits Rs 30,000 cr till FY26 towards sustainable lending

The country's third largest private sector lender Axis Bank has committed Rs 30,000 crore lending till fiscal year 2025-26 under its sustainable financing framework, a senior official said.

Axis board gives approval to reclassify Oriental Co as public shareholder

Axis Bank on Wednesday said its board of directors has approved to reclassify The Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder.

Axis Bank lists $600-mn AT-1 sustainable bonds on IFSC exchanges

Axis Bank has listed its $600 million Additional Tier 1 (AT1) sustainable bonds on IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT).

Axis Bank sets coupon for dollar AT1 bonds at 4.1%, raises $600 mn

This is 30 basis points lower than the initial guidance of 4.4 per cent

RBI fines Axis Bank Rs 25 lakh for flouting KYC norms

The fine is based on a scrutiny carried out by RBI during February 2020 and March 2020 in a customer account maintained with the bank

Axis Bank shares surge 11% in 5 days. What's fuelling the rally?

In a recent report, global brokerage CLSA turned bullish on select financial counters including Axis Bank on attractive risk to reward for large-cap banks