Axis Bank, Infosys and State Bank of India topped the list of select Indian companies which have taken a progressive view of disclosure, taking it beyond a "legalistic definition". These companies topped a list prepared by global advisory firm FTI Consulting scoring " 10/ 10" on the weighted Composite Disclosure score. The composite disclosure score takes into account seven mandatory disclosure parameters and eight voluntary ones. Superior disclosure practices are considered a proxy for superior management quality and better corporate governance, FTI said in the study, which was part of it's the India Disclosure Index report 2017. The big three were part of 22 'Disclosure Champions' which scored higher than 9/ 10 " Two years back, such champions came from one or two sectors. This year, they come from four knowledge economy and three 'old economy' sectors. Each of these companies are setting an example on corporate disclosure for other companies in their respective sectors," Amrit ...
Gross bad loan ratio as a percentage of total loans came in at 5.03 per cent at end-June
The bank is actively involved in helping to spread digital payments solutions, post demonetisation
Executive search firm Egon Zehnder has been selected by the Axis Bank board to identify a new CEO
At 10:56 am; the stock was up 3.8% at Rs 511, the top gainer among Nifty 50, which was up 0.61%
The bonds are rated stable by Crisil, ICRA and India Ratings
Shares of Axis Bank closed flat at Rs 508.05 on BSE
A loan under Rs 30 lakh comes under the definition of affordable housing
The silver lining is that the 'non-watch list' slippages moderated in Q4
Gross bad loans as a percentage of total loans were 5.04% compared with 5.22% as of end-December
The bank has ruled out any buyout
On the BSE, 85 lakh shares exchanged hands on the counter
The stock of Axis Bank closed 0.72 per cent down at Rs 484.50 on BSE
Last date to register for the program is March 19, 2016
Last date to register for the programme is July 21, 2016.
Asset quality concerns might have peaked, but normalcy could take some more quarters
The bank's gross NPAs rose to 5.22% of gross advances as against 1.68% in same period a year ago
Reacting to its quarterly earnings, the stock slipped as much as 6.54 to Rs 452 on the BSE
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances
The new rates are effective from January 18