Page 16 - Axis Bank

Axis Bank board approves re-appointment of Amitabh Chaudhry as MD & CEO

Private sector lender Axis Bank on Thursday said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022. "The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing Director and CEO of the bank, for a further period of 3 years, with effect from January 1, 2022 up to December 31, 2024," Axis Bank said in a regulatory filing. The appointment will be subject to the approval of the Reserve Bank of India (RBI) and shareholders of the bank, the filing added. Chaudhry was appointed as Managing Director (MD) and CEO of Axis Bank for a period of three years, with effect from January 1, 2019 up to December 31, 2021. Prior to joining Axis Bank, Chaudhry was MD and CEO of HDFC Standard Life Insurance Company.

Investors look beyond Covid cases' surge; Sensex zooms 790 pts; banks rally

CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets

Stocks to watch: Axis Bank, Britannia, Bajaj Finance, Info Edge, HDFC AMC

FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31

Axis Bank beats Street estimates, posts net profit of Rs 2,677 crore in Q4

In the same period of last financial year, the bank had reported a net loss of Rs 1,388 crore

Top headlines: Maruti Suzuki Q4 net drops 10%: record Covid cases in Kerala

Maruti Suzuki Q4 net declines 10% on supply chain disruptions, higher raw material costs, Bajaj Finance posts profit of Rs 1,347 crore in March quarter, and other top news of the day

Axis Bank back in the black, posts net profit of Rs 2,677 crore in Q4

Net interest income rises 11% to Rs 7,555 cr; lender's Board didn't propose any dividend for year ended March 31, 2021

RIL, pvt banks take Sensex 558 pts up; Nifty tops 14,650; Nifty Metal up 3%

Hindalco, L&T, Tata Steel, Divis Labs, Reliance Industries, Bajaj Finance, and SBI were the top gainers on the 50-share pack

Stocks to watch: TechM, SBI Card, Axis Bank, Maruti, Britannia, TaMo

State-owned power giant NTPC has invited expression of interest (EoI) for the sale of desalinated water produced at its joint venture project NTECL Vallur in Tamil Nadu

Axis Bank Q4 preview: Low provisioning likely, but asset quality may worsen

The lender may see single-digit loan growth, deterioration in asset quality, and slippages at 4.5 per cent of loan book

Analysts see a sharp uptick in Q4 profit of ICICI Bank, Axis Bank

Lower provisions will be a key driver supported by healthy operating profit growth, while commentary on asset quality, collections are among monitorables

Religare Finvest to default on Rs 100 crore NCD payment obligation

Religare Enterprises on Wednesday said its arm Religare Finvest Limited will default on Rs 100 crore NCD payment obligation later this month to subscriber Axis Bank

Axis Bank JV to drive volumes: Max Life Insurance MD & CEO Tripathy

In an interview with Hamsini Karthik, Tripathy explains why savings products would continue to propel growth in the near term

Axis Bank entities close deal with Max Life Insurance, become co-promoters

Axis stake at 12.99%, will nominate three directors to Max Life's board

Max Group sells 13% stake in Max Life to private lender Axis Bank

Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country's third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer.

Stocks to watch: Axis Bank, Airtel, Voda Idea, Sunteck Realty, auto stocks

The Reserve Bank of India has extended the term of J&K Bank Chairman and Managing Director R K Chhibber by six months

Nifty outlook and stock picks by Sameet Chavan: Buy BPCL, sell Axis Bank

Price-wise, BPCL's stock seems to have a sturdy structure on the weekly time frame and, looking at the lower degree chart, the recent price correction appears to have completed

Axis Bank to acquire 9.9% stake in Max Bupa Health's promoter entity

Max Bupa Health Insurance is as a joint venture between private equity group True North and Bupa.

Stay secure: Treat wearables on par with cards to make contactless payments

Acceptance of wearable devices will depend on speed and ease of grievance redressal

Axis Bank partners WhatsApp to offer basic banking services

Axis Bank on Wednesday said it will be available on popular social messaging app WhatsApp and will allow basic banking services, including account balance, and transactions history. The third largest private sector lender said the service will allow customers to seek information regarding their account balance, recent transactions, credit card payments, fixed and recurring deposit details, besides getting their queries answered in real-time. The facilities will be available to both the bank and non-bank customers, it said. Among others, people can put their queries about nearest branch, ATM, loan centre location. Customers can also apply for various banking products through WhatsApp, it said. They can also block their credit or debit card using the secure end-to-end encrypted messaging channel. Axis Bank said all the services on WhatsApp Banking will be available 24X7, including holidays. To get on-board, customers need to send a Hi to 7036165000 on WhatsApp. "Our objective is to

RBI extends deadline to apply for Umbrella entity on retail payments

34 consortiums working to file intent for NUE