Page 25 - Axis Bank
BMC invests only Rs 1 cr in Axis Bank from Rs 6,300 cr investments
The BMC has deposited Rs five crore in the Municipal Cooperative Bank, which has offered the highest interest rate of 7.5% per annum, as per the document
 "BMC invests only Rs 1 cr in Axis Bank from Rs 6,300 cr investments")
Axis Bank appoints Puneet Sharma as CFO, to take charge from March 6
Axis Bank on Thursday said its board has approved appointment of Puneet Sharma as Chief Financial Officer (CFO). His appointment will be effective from March 6, the private sector lender said in a regulatory filing. Sharma replaces Jairam Sridharan, who has resigned as the group executive and CFO of the bank, with effect from the close of business hours on March 5, it said. Prior to joining Axis Bank, Sharma spent 12 years at Tata Capital as a senior management functionary and was the group CFO since 2014 accountable for financial control, financial planning & accounting and taxation amongst other deliverables, the statement said.
 "Axis Bank appoints Puneet Sharma as CFO, to take charge from March 6")
Soon, you will be charged even for failed transactions at Axis Bank ATMs
The proposed fee will be Rs 25 per transaction; the bank has uploaded a notice on its website listing this and three other charges coming into effect from 1 April 2020
 "Soon, you will be charged even for failed transactions at Axis Bank ATMs")
RBI approves Sunil Gurbaxani's appointment as Dhanlaxmi Bank MD and CEO
Gurbaxani is working with Axis Bank at present.
 "RBI approves Sunil Gurbaxani's appointment as Dhanlaxmi Bank MD and CEO")
Axis Bank in talks to acquire significant stake in Max Life Insurance
Private sector lender Axis Bank has entered into an exclusive agreement with Max Financial Services and Max Life Insurance to explore a long-term strategic partnership with the life insurance arm
 "Axis Bank in talks to acquire significant stake in Max Life Insurance")
Axis Bank to explore possibility of strategic partnership with Max Life
Max Life is currently the largest non-bank owned private life insurer in India
Axis Bank plans to raise Rs 4,175 crore via NCDs on private placement basis
The coupon rate for the issue will be 7.65 per cent per annum, the filing added.
Axis Bank jumps 3% as Q3 loan growth hits 7-qtr high, NIM best in 2.5 yrs
The bank's net interest income, which grew 15.15 per cent, met D-Street estimates. It's standalone NII stood at Rs 6,452.98 crore over an NII of Rs 5,603.7 crore clocked in Q3FY19.
Axis Bank Q3 net profit misses Street estimates, up 5% YoY at Rs 1,757 cr
On the asset quality front, the Mumbai-based bank reported gross non-performing assets at Rs 30,073 crore for the recently concluded quarter. This was up 3.4 per cent QoQ
 "Axis Bank Q3 net profit misses Street estimates, up 5% YoY at Rs 1,757 cr")
Axis Bank Q3 results: PBT down 8.03%, bad loan provisions fall 11.63%
The stock closed lower by 0.7 per cent at Rs 712.7 per share on BSE
SAT extends status quo on Axis Bank-Karvy Stock Broking case till Jan 31
On January 15, Axis Bank had moved SAT seeking relief against an order passed by the Securities and Exchange Board of India (Sebi)
Axis Bank Q3 preview: Commentary on employee churn, NPAs key monitorables
During the quarter under review, the counter has outperformed the benchmark S&P BSE Sensex by surging 10.12 per cent, as against a 6.6 per cent gain in the index.
Axis Bank Q3 preview: Commentary on employee churn, NPAs key monitorables
During the quarter under review, the counter has outperformed the benchmark S&P BSE Sensex by surging 10.12 per cent, as against a 6.6 per cent gain in the index.
Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal
The tribunal granted interim relief in light of the fact that the National Securities Depository had earlier reversed securities to clients on the basis of Sebi's November 2019 order
 "Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal")
Axis Bank moves SAT seeking status quo against Sebi order on Karvy
The tribunal granted interim relief to Axis Bank, in light of the fact that in the past the National Securities Depository had reversed client securities on the basis of Sebi's November 2019 order
More hits than misses for Axis Bank MD & CEO Amitabh Chaudhry in 2019
Better share of retail assets, improved underwriting standards were the positives of his first year as MD & CEO; asset quality not turning around briskly was a blip
 "More hits than misses for Axis Bank MD & CEO Amitabh Chaudhry in 2019")
Top 10 business headlines: PM says economy will rebound, Infosys Q3 preview
From Videocon loan case to Axis Bank hiring, Business Standard brings you the top business headlines of the day
 "Top 10 business headlines: PM says economy will rebound, Infosys Q3 preview")
Axis Bank to hire 30,000 employees in next 2 yrs; open 550 branches in FY21
Gross hiring till December FY20 has been of 28000 employees and attrition inched up by 2 per cent in FY20
 "Axis Bank to hire 30,000 employees in next 2 yrs; open 550 branches in FY21")
HDFC to raise Rs 5,000 cr via bonds to shore up long-term capital needs
The issue size of the bond issue is Rs 3,000 crore with an option to retain oversubscription up to Rs 2,000 crore
 "HDFC to raise Rs 5,000 cr via bonds to shore up long-term capital needs")
From HCL Technologies to UltraTech Cement, here're 10 stock picks for 2020
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.
 "From HCL Technologies to UltraTech Cement, here're 10 stock picks for 2020")
