Page 23 - Axis Bank

ICICI Bank: Weaker Q4 profits, tepid management commentary unnerves Street

Unlike its peers, ICICI Bank has been more watchful of the emerging situation

Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%

According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.

Covid-19 impact: Loss of fee income likely to add to lenders' woes

Muted lending and subdued cross-selling amidst extended lockdown to hurt fee income and earnings

Axis Bank's Q4 loss reflects rise in systemic risks in banking sector: S&P

Axis' credit costs for the quarter ended March 31, 2020 are higher than anticipated, but some of it is precautionary

ICICI Bank, HDFC Bank, SBI: Will Tuesday's recovery in bank stocks sustain?

As the Nifty Bank index shows a negative reversal, the banking stocks are struggling to conquer their respective resistance levels.

Fitch affirms Axis Bank's IDR at BB-plus with stable outlook, downgrades VR

Fitch has cut its forecast for India's GDP growth in the financial year ending March 2021 (FY21) to 0.8 per cent from a pre-pandemic forecast of 5.1 per cent

Fitch downgrades viability rating for four banks on Covid-19 impact

Affirms Issuer Default Ratings for seven banks including these four and Bank of India, Canara and PNB

Covid-19: Average card spend falls 25% as shopping, travel take back seat

With malls and shops closed, spending avenues are practically non-existent.

MARKET WRAP: Sensex settles 606 pts higher; metals, financial stocks jump

All that happened in the markets today

Axis Bank tanks 6% on Rs 3,000 crore provisions in Q4 due to Covid-19

Historically, Q4 is the first time since March 2018 that the bank has dipped into losses of this magnitude because of the provisioning cost

Market Ahead, April 29: Top Factors That Could Guide Markets Today

Moody's Investors Service has slashed India's growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March

Top 10 biz headlines: Govt's 2nd stimulus, Moody's growth estimate and more

Finance Minister Nirmala Sitharaman is likely to announce this week a second round of stimulus package, for the most affected sections of society

Axis Bank Q4 results: Lender's asset quality worrying for investors still

The bank's slippages moderated significantly in March, but provisioning costs because of the coronavirus rose.

Axis Bank set to acquire 29% stake in Max Life Insurance for Rs 1,592 crore

Axis is looking to purchase around 55.61 crore shares of Max Life Insurance at a price of Rs 28.61 per share, but the estimate will change basis the date when the deal is closed

Axis Bank reports Rs 1,878-crore pre-tax loss in Q4 on Covid-19 provisions

the bank reported a 17 per cent increase in its operating profit at Rs 5,851 crore in the March quarter

Promoter, PE stake may go up in private banks; IndusInd, HDFC Bank to gain

Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.

Axis Bank reports net loss of Rs 1,388 cr in Q4FY20; NII at Rs 6,808 cr

The private lender's net interest income (NII) came in at Rs 6,808 crore for the period under review

Max Financial, Axis Bank gain up to 6% on Max Life Insurance deal

Axis Bank and Max Financial Services today announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company

Axis Bank to buy 29% in Max Life Insurance, raise its total stake to 30%

After the completion of a series of transactions, Max Life will become a 70:30 joint venture between MFS and Axis Bank

Market Ahead, April 28: All You Need To Know Before The Opening Bell

According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy