Axis Bank had moved to the SAT seeking the shares pledged by Karvy Stock Broking Limited (KSBL) to the lender be unfrozen, so that it can invoke the pledges
Lender had approached tribunal seeking shares pledged by Karvy to it be unfreezed, saying the clients who owned the securities owed money to Karvy and therefore the pledge was good in law
Lender had overdraft facility of Rs 100 crore to brokerage
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Sridharan joined Axis Bank in June 2010 and was made CFO in October 2015. He was previously with Capital One Financial, a consumer bank based in the US
The new product is targeted at those who can deliver a "relationship value" of over Rs 5 crore, as against the earlier Rs 30 lakh under the five-year-old old product.
R Sivakumar says the RBI is promising an 'accommodative' stance
The lender's Executive Director-Retail Banking says the bank is not seeing any stress in the retail lending segment
In April 2019, the bank had first disclosed that it had started to provide extra capital, but had not given out the exact levels of the additional provisioning or spelled out the sectors
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
Bankers, NCLT said, failed to appear in the case relating to the IL&FS fraud despite repeated notices from the ministry of corporate affairs
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route
Results of SBI, ICICI Bank and Axis Bank indicate respite in formation of fresh bad loans; resolution and recoveries will be important for the trend to sustain
Axis Bank reported good numbers in the second quarter of FY20 even though the bank had a net loss of Rs 112 crore in the period
The bank suffered a net loss of Rs 112 crore for the quarter due to a Rs 2,138-crore one-off deferred tax asset
The private sector bank had posted a net profit of Rs 789.61 crore in the corresponding July-September quarter of the previous fiscal
The analysts would watch out for the management's commentary on "the stressed asset cropped up recently and delay or failure for resolution in the near term which could endure higher provisions
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Trading in NBFC bonds slid to a five-month low of about Rs 75,520 in the secondary market in September, the lowest since April
The 200-day moving average (DMA) is one of the important indicators to ascertain buy or sell trends.