Page 21 - Axis Bank

MARKET: Indices snap 5-day rally amid weak global cues, Sensex dips 59 pts

All that happened in the markets today

Axis Bank gains 8% on better-than-expected June quarter earnings

In Q1FY21, the bank's gross non-performing assets (GNPA) were at 4.72 per cent, compared to 5.25 per cent in the year ago quarter and 4.86 per cent in the fourth quarter.

Top Headlines: Bankers' moratorium worry, govt's strategic sectors and more

Here are the top 10 business headlines on Wednesday morning

Axis Bank Q1 profit down 19% on higher provisions, other income also dips

Gross non-performing assets (GNPA) stood at 4.72 per cent, compared with 5.25 per cent in the year ago quarter and 4.86 per cent in the fourth quarter

Sensex surges 511 pts on buying in RIL, banks; mid, small-caps underperform

All that happened in the markets today

Asset quality, provisions key monitorables in Axis Bank's Q1 nos: Analysts

Owing to the Rs 7,730.02 crore provisions set aside in the March quarter of FY20, analysts expect lower sequential provisioning in the quarter under review

Aditya Puri highest paid banker for FY20 with Rs 18.92 cr in remuneration

The banker, who is set to retire in this October on turning 70, had earned Rs 42.20 crore by exercising stock options in 2018-19

LIC expects steady growth in life insurance premiums by December quarter

The first quarter of FY21 was a rough one for life insures because NBP contracted 18.64 per cent to Rs 49,335 crore against Rs 60,637 crore in Q1FY20 due the lockdown.

Private banks stare at washed-out Q1; moratorium, Covid-19 provisions eyed

Extension of moratorium, ICICI Securities points out, till August would push recognition of pain points, thereby leading to benign slippages and stable headline non-performing asset (NPA) numbers

Operating buffers of top five banks to fall 15%, says India Ratings

Of the top five private banks, Ind-Ra rates HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.

Trading ideas by Religare Broking: Buy Axis Bank, Dabur India

The current chart formation, along with the positioning of the confirmation indicators, are all pointing towards a fresh breakout ahead in Axis Bank's stock

Maruti Suzuki India partners with Axis Bank for easy vehicle financing

The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Tuesday said it has collaborated with Axis Bank to offer easy vehicle financing options for potential car buyers

Axis Bank seeks shareholders nod to raise Rs 50,000 cr via debt, equity

The private sector lender said its annual general meeting (AGM) is to be held on July 31, 2020, and it will seek shareholders' approval for the proposals

Top headlines: States on GST compensation, Emami questions HUL & more

From states divided on alternative GST compensation, Emami questioning changing of 'Fair and Handsome' name to startups helping tenant amid Covid-19, here are the top headlines of the day

Axis Bank gets approval to raise up to Rs 15,000 cr to tide over Covid-19

In a meeting held on Thursday, the private lenders' board approved the capital raising plan through issue of equity shares/ depository receipts or any other instrument or securities

Top headlines: CBI, ED to charge GVK Group, Biden promises on H1-B & more

Here are the top headlines of the day

Axis Bank appoints LIC MD Suseel Kumar on board as non-executive member

Kumar was appointed MD of LIC in March 2019

Bajaj Finance, Axis Bank decline 5% after S&P downgrades ratings

S&P Global Ratings said that worsening operating conditions following Covid-19 have increased risks for financial institutions and banks operating in India

S&P rating action won't impact Axis Bank, Bajaj Finance much: Experts

Experts say comfortable capital levels, strong market position positive for both

S&P downgrades Axis Bank's issuer rating over risks to Indian banking

Affirming the ratings on 7 other Indian banks, the rating agency said that it expected a very high likelihood of government support underpinning its ratings on government-owned banks