Business Standard

Wednesday, December 25, 2024 | 12:38 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 5 - Axis Bank

Bain Capital likely to sell stake in Axis Bank through a block deal

Media reports suggested and were conformed by some industry sources that Bain Capital will dilute a 1.24 per cent stake in the lender worth Rs 3350 crore

Bain Capital likely to sell stake in Axis Bank through a block deal
Updated On : 31 Oct 2022 | 9:54 PM IST

Credit card base of major issuers erodes in Q2 over RBI's norms

SBI Card was exception as gains card base, market share

Credit card base of major issuers erodes in Q2 over RBI's norms
Updated On : 31 Oct 2022 | 12:13 AM IST

Credit card spends touch record high of Rs 1.22 trillion in September

Banking system saw a net reduction of close to 290,000 cards during this period, impacted by RBI norms warranting deactivation of cards that are inactive for a year

Credit card spends touch record high of Rs 1.22 trillion in September
Updated On : 21 Oct 2022 | 11:43 PM IST

Indices finish in green for 6th straight day; bank, FMCG stocks up

Recovering after a sharp sell-off in later afternoon trade, the 30-share BSE Sensex ended 104.25 points or 0.18 per cent higher at 59,307.15.

Indices finish in green for 6th straight day; bank, FMCG stocks up
Updated On : 21 Oct 2022 | 11:03 PM IST

Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth

Axis Bank shares hit a record high of Rs 905 on the BSE on Friday, surging 9.5 per cent in the intra-day trade, after the bank beat Street's September quarter earnings' expectations across parameters

Axis Bank Q2: Analysts see up to 28% upside on sustained earnings growth
Updated On : 21 Oct 2022 | 10:18 PM IST

Axis Bank shares jump over 9% post earnings announcement; mcap climbs

Shares of Axis Bank rallied over 9 per cent on Friday after the firm reported a 66.29 per cent jump in consolidated net profit for the September quarter. The stock jumped 8.96 per cent to settle at Rs 900.25 apiece on the BSE. During the day, it advanced 9.53 to its 52-week high of Rs 905. On the NSE, it rallied 9.46 per cent to end at Rs 904 apiece. Its market capitalisation (mcap) also jumped Rs 22,757.86 crore to Rs 2,76,592.86 crore. The stock emerged as the biggest gainer on both Sensex and Nifty. In volume terms, 19.64 lakh shares of the firm were traded on the BSE and 5.80 crore shares on the NSE during the day. The 30-share BSE benchmark climbed 104.25 points or 0.18 per cent to settle at 59,307.15. On Thursday, Axis Bank reported a 66.29 per cent jump in consolidated net profit for September quarter at Rs 5,625.25 crore, driven by a substantial decrease in bad loan provisions and margin expansion. On a standalone basis, the third largest private sector lender reported

Axis Bank shares jump over 9% post earnings announcement; mcap climbs
Updated On : 21 Oct 2022 | 5:58 PM IST

Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078

The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent

Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078
Updated On : 21 Oct 2022 | 4:13 PM IST

Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech

Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.

Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech
Updated On : 21 Oct 2022 | 12:43 PM IST

Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark

According to the technical analyst from Anand Rathi, a weekly close above Rs 825, can potentially trigger a massive rally in Axis Bank up to Rs 1,000-mark.

Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark
Updated On : 21 Oct 2022 | 10:30 AM IST

Stocks to Watch: Axis Bank, ITC, Asian Paints, Bajaj Finance, YES Bank, RIL

Stocks to Watch: The Competition Commission of India (CCI) has approved Carlyle Group and Advent International's acquisition of up to 10 per cent stake each in YES Bank

Stocks to Watch: Axis Bank, ITC, Asian Paints, Bajaj Finance, YES Bank, RIL
Updated On : 21 Oct 2022 | 7:55 AM IST

Committed to Axis deal; will follow earlier methodology: Max Life CEO

Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO

Committed to Axis deal; will follow earlier methodology: Max Life CEO
Updated On : 20 Oct 2022 | 11:21 PM IST

Axis Bank Q2 net profit rises 70% to Rs 5,329 crore; NII jumps 31%

Not looking to raise capital immediately for Citi deal: MD-CEO

Axis Bank Q2 net profit rises 70% to Rs 5,329 crore; NII jumps 31%
Updated On : 20 Oct 2022 | 11:02 PM IST

Axis Bank's Q2 net profit jumps 70% to Rs 5,330 cr as provisions slide

The lender's net interest income rose 31% on an annual basis and 10% on a sequential basis

Axis Bank's Q2 net profit jumps 70% to Rs 5,330 cr as provisions slide
Updated On : 20 Oct 2022 | 7:27 PM IST

Top headlines: Axis Bank Q2 net jumps 70%; Bajaj Finance Q2 net surges 88%

Business Standard brings you top news of the evening

Top headlines: Axis Bank Q2 net jumps 70%; Bajaj Finance Q2 net surges 88%
Updated On : 20 Oct 2022 | 5:50 PM IST

Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong

CLOSING BELL: Meanwhile, the rupee will fall further against the US dollar over the rest of the year, a Reuters poll showed. It slipped to a record low of 83.21 today, and ended at 82.75/$

Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong
Updated On : 20 Oct 2022 | 3:37 PM IST

Axis Bank Q2 preview: Profit may rise over 40% YoY on low provisions

Analysts said progress of the Citi portfolio, direction of operating profit growth, and credit growth amid slowdown concerns will be tracked by investors

Axis Bank Q2 preview: Profit may rise over 40% YoY on low provisions
Updated On : 19 Oct 2022 | 10:01 AM IST

Axis Bank hikes MCLR by 25 bps, joining other lenders in policy action

Central bank's MPC has cumulatively increased the repo rate by 190 bps since May

Axis Bank hikes MCLR by 25 bps, joining other lenders in policy action
Updated On : 18 Oct 2022 | 1:03 PM IST

Stocks to Watch: HDFC Bank, Electronics Mart, Bajaj Auto, Axis Bank, DMart

Stocks to watch today: Electronics Mart will make its debut on the bourses today. As per IPO Watch, the company could list with a healthy premium of up to 50% over issue price of Rs 59 apiece

Stocks to Watch: HDFC Bank, Electronics Mart, Bajaj Auto, Axis Bank, DMart
Updated On : 17 Oct 2022 | 8:01 AM IST

Irdai imposes Rs 3 cr penalty on Max Life, Rs 2 cr penalty on Axis Bank

Regulator Irdai has imposed a penalty of Rs 3 crore on Max Life Insurance Company for certain violations in a case pertaining to purchase and sale of shares by the Axis Bank and group companies. In another order, the Insurance Regulatory and Development Authority of India (Irdai) has imposed a penalty of Rs 2 crore on Axis Bank, a corporate agent of the insurer. The penalty on Max Life Insurance is for violation of Irdai's direction, misrepresentation to obtain approval, and contravention of share transfer directions. In the order, Irdai said "it is evident that Axis Bank has sold its stake of 0.998 per cent shares of Max Life in March 2021 to MFSL and MSI at Rs 166 per share. Subsequently, in March-April 2021, Axis Bank and its Group entities acquired 12.002 per cent shares from MFSL at a price range of Rs 31.51-Rs 32.12 per share. This is not in compliance with the directions issued by the Authority (Irdai)..." MFSL is Max Financial Service Ltd and MSI is Mitsui Sumitomo ...

Irdai imposes Rs 3 cr penalty on Max Life, Rs 2 cr penalty on Axis Bank
Updated On : 14 Oct 2022 | 9:02 PM IST

Post rate hike by RBI, SBI, BoB look stronger than private banks on charts

Public sector banks are well placed on charts, indicate positive upside in coming days, while Private Banks rigorously need to take off their respective hurdles.

Post rate hike by RBI, SBI, BoB look stronger than private banks on charts
Updated On : 30 Sep 2022 | 12:59 PM IST