Page 28 - Axis Bank

Axis Bank plans to raise Rs 35,000 crore to fund business growth

The bank has reported a net profit of Rs 1,505 crore for the March quarter of 2018-19

Competition intensifies as full-service brokers introduce flat-fee schemes

Axis Direct, the broking arm of Axis Bank, on Monday announced a scheme called 'India Trade @20', where retail clients will execute a trade order at a flat fee of Rs 20

Axis Bank to focus on subsidiaries for growth, analysts cheer strategy

Subsidiaries together account for at least 5 per cent of the bank's valuations from nearly zero a few years back.

Axis Bank joins Rs 2-trillion market cap club, Titan touches Rs 1 trillion

The Sensex is only 1 per cent shy of its previous all-time high.

Axis Bank plans organisational recast, synergy with subsidiaries

In December 2018, the bank announced that Rajiv Anand, executive director-retail banking has taken over as the executive director-wholesale banking

Axis chief Amitabh Chaudhry targets threefold growth in AUM of MF arm

Axis AMC will expand its product range and leverage the parent bank's distribution channel to improve sales and target better customer segments

Investors give a thumbs up to the offer for sale of Axis Bank

The OFS was subscribed 3.68 times on Wednesday, the second day of the offer

Non-retail portion of Axis Bank offer for sale subscribed over 2.5 times

SUUTI informed the exchanges it has decided to exercise the greenshoe option to sell an additional 26 million or 1.02 per cent of equity shares in the company

Govt to raise Rs 5,300 cr from selling SUUTI's 3% stake in Axis Bank

Analysts believe Axis Bank's financials are improving as the pool of stressed assets of restructured assets and corporate loans rated 'BB' and below have been on a decline

Govt eyes raising Rs 5,316 cr through part-sale of Axis Bank stake

The govt holds a 9.56 per cent stake in the private sector lender through state-owned Specified Undertaking of the Unit Trust Of India (SUUTI)

Axis Bank hits new high; Infosys nears its record high

Axis Bank hit a new high of Rs 710, up 3%, while Infosys rose 3.5% to Rs 751, nearing its record high price of Rs 755 touched on October 1, 2018, on the BSE in the intra-day deal.

Axis Bank surges 6% on healthy December quarter earnings

The stock hit a new high of Rs 700, up 6 per cent in early morning trade, surpassed its previous high of Rs 679 recorded on January 17, 2019 on the BSE in intra-day trade.

Axis Bank needs to be conservative on corporate loans: CEO Amitabh Chaudhry

The current market environment and the strength of our balance sheet provide us with an opportunity to grow the wholesale loan book, says Chaudhry

Axis Bank Q3 net profit surges 131% to Rs 1,681 crore, beats estimates

Gross non-performing loans fell to 5.75 per cent of total loans at the end of December

Axis Bank hits record high; rallies 12% in two weeks

The stock hit a new high of Rs 679, up 2%, surpassing its previous high of Rs 677 recorded on September 10, 2018, in intra-day trade on the BSE.

At Rs 36 million, new Axis Bank CEO's basic pay more than Shikha Sharma's

The shareholders also approved Chaudhry's appointment as MD & CEO for three years

I-T dept probing Axis Bank staff for allegedly facilitating benami deals

Tax sleuths have detected over Rs 520 million of unexplained cash in jewellers' bank accounts

Axis Bank extends gain on strong Q2 results; stock surges 18% in 6 days

Axis Bank was up 4% to Rs 633, the largest gainer among Nifty50 and the S&P BSE Sensex index, at 10:40 am.

Axis Bank eyes major turnaround as retail, SME drive growth, slippages fall

The private bank's net profit surged 83% to Rs 78.9 mn thanks to growing interest income and better provisioning

Axis Bank Q2 profit up 83% to Rs 7.9 bn on higher interest income

Analysts had expected a net profit of Rs 7.41 billion, according to Refinitiv data