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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.
Wed, Nov 20, 2019
How to buy FASTag online: How to buy FASTag question is being asked by all those who drive a vehicle. We provide the answer here as the Ministry of Transport and National Highways has made it mandatory for all vehicle owners to buy this tag.
Tue, Nov 19, 2019
FASTag deadline: The National Electronic Toll Collection (FASTag) program is being implemented at pan India level from 1st December, 2019.
Mon, Oct 28, 2019
Axis Bank shares being favorite of both groups of investors, the banking stock is expected to further skyrocket by Diwali 2020, say experts.
Thu, Oct 24, 2019
The stock market of India today witnessed heavy selloff in the telecom stocks. The share market experts are of the opinion that this telecom stocks tank is linked to their debt exposure in various Indian banks and if these telecom companies fail to repay their debt, in such a case these banking stocks are expected to nosedive at Dalal Street.
Wed, Oct 23, 2019
BSE Sensex added 36 points to 39,000 while Nifty-50 index went down 7 points to 11,580 levels. The Bank Nifty index soared 74 points to 29,485 levels.
Tue, Oct 22, 2019
Private sector lender Axis Bank today released its second-quarter financial results for the financial year 2019-20. The bank’s operating profit for the quarter grew 45 percent year-on-year (YoY) to Rs 5,952 crore from Rs 4,094 crore in Q2FY19.
Wed, Oct 16, 2019
SBI vs Axis Bank vs HDFC Bank: For both short-term and long-term RD, SBI seems a loser against HDFC Bank and Axis Bank.
Fri, Oct 11, 2019
How to become rich: This banking share turned investors into crorepatis! It rose from Rs 31.46 per stock levels to around Rs 675 per stock levels!
Wed, Oct 09, 2019
Axis Bank FD: Ahead of the Diwali 2019 festival, the Axis Bank has announced big bonanza for the Axis Bank FD customers.
Sun, Oct 06, 2019
Bank FD Interest Rate 2019: India's largest commercial bank State Bank of India or SBI is giving bank FD interest rate from 5 per cent to 7.75 per cent for a period 7 days to 10 years.
Mon, Sep 30, 2019
Axis Bank today announced the launch of ‘Express FD’, a digital Fixed Deposit product that allows the customer to open an FD account in three minutes. This will be done through a digital mode without opening a savings account with Axis Bank.
Wed, Sep 18, 2019
Axis Bank, has launched a ‘Magnus Credit Card’. This card offers facilities like lifestyle - travel, stay, dining, movies and wellness. The card, will be available to both- Axis Bank & Non- Axis Bank customers.
Sat, Sep 14, 2019
After Reserve Bank of India (RBI) lowered its repo rate by 35 basis points to 5.40 percent, most banks have revised their deposit rates to bring parity with the other rates.
Tue, Sep 10, 2019
Notably, the new rate of interest will come into effect from 10 September 2019 ie. Today. After the latest revision, SBI will now give 4.50% to 6.70% interest on FDs maturing in 7 days to 10 years.
Wed, Sep 04, 2019
SBI home loan is available at 8.05 per cent from 1 st September 2019, which is lowest among all Indian commercial banks.
Wed, Aug 28, 2019
firstDigital Credit Card: Freecharge – one of the leading digital platforms for financial services, today announced the launch of its firstDigital Credit Card, powered by Axis Bank.
Mon, Aug 26, 2019
Stock market experts are of the opinion that ICICI Prudential and Apollo Hospital shares are bullish and can be bought at curent levels while in terms of bankign stocks SBI share is their favourite. In private sector banks, they are highly bullish on ICICI Bank, Kotak Mahindra Bank and Axis Bank stocks.
Fri, Aug 23, 2019
Have Axis Bank credit card or debit card? If yes, you can get up to 15 per cent off on groceries purchased at Amazon.in.
Tue, Aug 20, 2019
Private lender, Axis Bank on Monday reduced its benchmark lending rates across all tenors. MCLR is the benchmark rate through which banks lend money to home loans borrowers.
Sat, Aug 17, 2019
Fixed deposit or FD has been a popular financial instrument for the traditional and old-generation savers for security and safe returns.
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