Page 19 - Axis Bank
Axis Bank logs net profit of Rs 1,683 cr in Q2; NII up 20% to Rs 7,326 cr
NII has grown 20 per cent to Rs 7,326 crore in the July-September quarter of FY21, compared to Rs 6,102 crore in the corresponding period of last financial year
 "Axis Bank logs net profit of Rs 1,683 cr in Q2; NII up 20% to Rs 7,326 cr")
Axis Bank posts net profit of Rs 1,683 cr in Sept qtr as bad loans decline
The bank's total income rose marginally to Rs 19,870.07 crore in the second quarter of 2020-21, from Rs 19,333.57 crore in the same period last year, it said in a regulatory filing
 "Axis Bank posts net profit of Rs 1,683 cr in Sept qtr as bad loans decline")
MARKET: Sensex tumbles 600 pts on surging Covid cases; Nifty ends at 11,730
All that happened in the markets today
 "MARKET: Sensex tumbles 600 pts on surging Covid cases; Nifty ends at 11,730")
Higher provisions, loans under recast: Expectations from Axis Bank's Q2 nos
Analysts expect the net profit to come in at Rs 1,740 crore along with pre-provision profit (PPP) at Rs 6,380 crore.
 "Higher provisions, loans under recast: Expectations from Axis Bank's Q2 nos")
Festival offers: Axis Bank gives discount on debit, credit card purchases
Kick-starting its festival season offerings, Axis Bank on Tuesday announced a host of discounts on various consumer platforms, as well as loans at special rates
 "Festival offers: Axis Bank gives discount on debit, credit card purchases")
Private banks may see NIMs dip in Q2FY21; loan restructuring roadmap eyed
Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year
 "Private banks may see NIMs dip in Q2FY21; loan restructuring roadmap eyed")
 "Axis Global Equity Alpha Fund of Fund gives your investment financial exposure")
Axis Bank joins India's top private lenders to offer pay hikes up to 12%
Axis Bank Ltd. will increase staff salaries between 4% and 12% from Oct. 1 based on performance, according to people with knowledge of the plans
 "Axis Bank joins India's top private lenders to offer pay hikes up to 12%")
Top headlines: RBI's MPC gets 'dovish tilt', Nobel physics prize announced
GST council has no jurisdiction over states' borrowing, three scientists get Nobel Prize for Physics -- Business Standard brings you top news of the evening
 "Top headlines: RBI's MPC gets 'dovish tilt', Nobel physics prize announced")
Biz optimism returning, economic recovery to be L-shaped: Axis Bank MD
He was quick to add that we are not completely out of the woods yet and a sustained recovery may take a few quarters
 "Biz optimism returning, economic recovery to be L-shaped: Axis Bank MD")
Max Financial: Investors should shift attention to fundamentals
With 72 per cent gains in six months, the stock is an outperformer in the pack; monthly premium numbers don't provide comfort
 "Max Financial: Investors should shift attention to fundamentals")
Two bank stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on
The stock of ICICI Bank has witnessed a decent correction recently and has maintained the support zone near 360 levels
 "Two bank stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
Covid-19 pandemic hits value of Indian brands, says Kantar report
Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses
 "Covid-19 pandemic hits value of Indian brands, says Kantar report")
Axis Bank's multi-year low valuations a worry for investors
In addition, there's also growing stress in the bank's SME (small and medium enterprise) loans, a segment which was fast growing until FY20
 "Axis Bank's multi-year low valuations a worry for investors")
5 reasons why Morgan Stanley is bullish on ICICI, Axis and HDFC Bank
Morgan Stanley believes the banks could provide aggressively for bad loans (unlike the banking system) and accelerate the pace of loan market share gains as the economy stabilizes
 "5 reasons why Morgan Stanley is bullish on ICICI, Axis and HDFC Bank")
Indian private banks to gain market share from PSBs: Fitch Ratings
Indian private banks have had a decade of strong growth, reflected in much higher loan CAGR of 19.6%
 "Indian private banks to gain market share from PSBs: Fitch Ratings")
Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh
Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks
 "Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh")
Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs
Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders
 "Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs")
Banking stocks rally on better earnings outlook; room seen for upside
Hopes of improvement in asset quality, better credit growth and lower valuations are supporting factors
 "Banking stocks rally on better earnings outlook; room seen for upside")
Nifty Bank gains 3.5%, hits 10-week high; Axis Bank soars 8%, ICICI Bank 5%
August Futures and Options (F&O) series, which ended on August 27, saw strong participation from banking sector underlying optimism in the space
 "Nifty Bank gains 3.5%, hits 10-week high; Axis Bank soars 8%, ICICI Bank 5%")
