Among the pack, mighty banks such as HDFC Bank and ICICI Bank are expected to outperform their peers, analysts say.
Little leeway on pricing and asset quality at a tricky level could places both segments in a tight spot
Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations
Axis Bank announced its partnership with Hyundai to offer the auto retail financing solutions to its customers
Despite all the chatter, Indian banks' cross-sell ratio - the number of products and services they hawk to a customer - remains low, report Abhijit Lele and Raghu Mohan
The lender's asset quality had improved both sequentially and year-on-year in Q2
ICICI is not alone to bring this concept forward. State Bank of India, has also announced to make its app open for all in 30 days
On retail loan growth, the season went better than expected, CEO Chaudhry said
It waited six months for the stock to touch Rs 600, and then took a call to offload stake. However, decision to lower stake in Axis Bank was taken last year
Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank''s proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02% with the subsidiaries
Last week, it sold shares worth Rs 220 crore in the open market without making a formal announcement. The deal came to light only this week
Irdai's approval takes Max Financial Services one step closer to the consummation of its deal with private lender Axis Bank
Muthoot Finance and Axis Bank are instances of the regulator objecting to acquisitions
After over six months and three different structures, the deal could be in its final stages of completion
Axis Bank has acquired over 57,700 shares in CSC e-Governance Services India Ltd for Rs 36.38 crore, the lender said on Thursday.
Defaulting on card dues could restrict access to credit in future
RBI did not consider Axis's earlier proposal of acquiring 17% stake in Max Life
Overall numbers bettered expectations, rising pool of stressed loans may be the tricky aspect
All that happened in the markets today
Asset quality to be weaker than HDFC Bank