Wed, Jan 24, 2024
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Axis Bank shares faced a steep decline on Wednesday, falling over 6% due to worries about potential increase in funding costs, a likely drop in net interest margin (NIM), and ongoing challenges with deposit growth. These concerns cast doubt on the bank's ambitious loan growth targets for FY24 and FY25.
Axis Bank Q3 results: Axis Bank's net interest margin (NIM), a key measure of profitability for lenders, came in at 4.01 per cent for the quarter ended December, as against 4.11 per cent for the July-September period.
Thu, Aug 10, 2023
Axis Bank along with its entities acquired a 12.99 per cent stake in Max Life in 2021, and through this new investment, they will own 19.02 per cent in the insurer.
Thu, Aug 03, 2023
Axis Bank's RuPay Credit Cards are tailored to maximise the benefits to the cardholder and increase the scope of usability. Different types of the Axis Bank RuPay credit cards offer a wide range of features and benefits.
Thu, Jul 27, 2023
Axis Bank shares moved within a tight range around the flatline on Thursday after the private sector lender reported a weak set of financial results.
Wed, Jul 26, 2023
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
Tue, Jul 25, 2023
How will be the results of Axis Bank? How will be the growth of interest income in Q1? How much improvement in asset quality is possible? Know complete details in this video.
Axis Bank will report its financial results for the June quarter on July 26. According to Zee Business research, Axis Bank is estimated to report a standalone net profit of Rs 5,840 crore for the three-month period.
While a few exclusions have been made in the new rules, the bank has also proposed to increase the annual fee from Rs 10,000 to Rs 12,500 along with applicable GST and further proposed new rules for EDGE Reward points. The new rules will come into effect from September 1, 2023.
Fri, Jul 07, 2023
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
Tue, Jun 27, 2023
CFM ARC was served with a show cause notice (SCN) by the Reserve Bank of India (RBI) for questionable business conduct and was on the verge of losing its licence.
Fri, Jun 23, 2023
The lender, it said had levied penal charges in certain accounts for late payment of credit card dues though the customers had paid the dues by the due date, through third-party platforms.
Wed, Jun 21, 2023
Axis Bank's One View app will also allow its customers to download the statement of their other bank accounts.
Sat, Jun 17, 2023
Vishwanathan, a career central banker, was handling critical areas like regulation and quit ahead of his scheduled retirement in 2020.
Fri, Jun 16, 2023
Bain Capital Axis Bank block deal: US-based private equity major Bain Capital on Thursday offloaded a 0.7 per cent stake in private sector lender Axis Bank for Rs 2,178 crore through open market transactions.
Thu, Jun 15, 2023
Axis Bank shares changed hands in multiple deals during the pre-open session on the exchanges on Thursday.
Fri, Jun 09, 2023
Reserve Bank of India may not cut the key lending rate before February unless inflation falls sharply or a global crisis unfolds, a top treasury official of Axis Bank said.On Thursday, the Reserve Bank of India left the repo rate unchanged at 6.50%, as expected.
Sat, Apr 29, 2023
Axis Bank - a private lender - on Thursday announced wider-than-expected losses for the March quarter of the financial year 2022-23 owing to the takeover of Citi Group.
Fri, Apr 28, 2023
What to do in Axis Bank after the results? Will Axis Bank bounce or slip ahead? What are the positive and negative triggers of Axis Bank? Know from Kushal and Nupur.
Top Gainers & Losers: Rallying for the fifth straight session, BSE Sensex jumped 463.06 points or 0.76 per cent to settle at 61,112.44.
Axis Bank shares dropped in early trade on Friday as the private sector lender posted losses in its March quarter results for the financial year 2023 owing to the Citi merger.
Thu, Apr 27, 2023
Axis Bank's net interest income (NII) rose 33% Y-o-Y to Rs 11,742 crore
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