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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.
Fri, Aug 16, 2019
Axis Bank's new interest rate on fixed deposits came into effect from 10 August 2019. Axis Bank offers fixed deposits across different maturities - ranging from 7 days to 10 years.
Tue, Aug 06, 2019
Stock market experts are suggesting a buy call on SBI stocks while they are advising to take a buy position in Strides Pharma futures.
What if suddenly your card stops working and that too in the middle of the night? Well, in case you are an Axis Bank debit card holder and tried to use it early this morning, chances are you may have already faced this problem.
Mon, Aug 05, 2019
If you are an Axis Bank debit card holder, then you must read this, especially if you intend to do a transaction anytime soon. Private lender Axis Bank has informed its account holders via SMS on Monday about the unavailability of debit card transactions.
Wed, Jul 31, 2019
Axis Bank reported a jump of 95.4% in net profit at Rs 1,370 crore from Rs 701.1 crore in the same quarter of last year.
Brokerage Edelweiss said that ACC is likely to be the biggest beneficiary of a) the step-up in supplies by Coal India Ltd (CIL) to non-power sectors.
Tue, Jul 30, 2019
Axis Bank on Tuesday posted its Q1 results and reported a jump of 95.4% in net profit at Rs 1,370 crore from Rs 701.1 crore in the same quarter of last year.
Sat, Jul 13, 2019
E-commerce site Flipkart has partnered with Axis Bank and Mastercard to launch its first co-branded 'Flipkart Axis Bank Credit Card'. The users who want to activate their Flipkart Axis Bank Credit Card need to pay a joining fee of Rs. 500. After that, users will be charged yearly fee of Rs. 500.
Thu, Jul 04, 2019
Latest home loan interest rates compared: First and foremost to be considered are the interest rates because these decide how much interest you will have to pay while repaying the home loan.
Mon, Jul 01, 2019
Experts have said that a delayed monsoon and lower-than-normal rains have put pressure on Indian markets. However, tables have turned and this week seems to be a very important time for investors.
Thu, Jun 27, 2019
A buy rating has been given on Axis Bank by a number of experts. If shares are bought at the current level, the bank has potential for rising between 15% to 18%.
Wed, Jun 26, 2019
Generally, Fixed Deposits are better for senior citizens as they earn much higher returns than compared to general category.
Tue, Jun 25, 2019
After the sale of these shares, the stake of LIC (Life Insurance Corporation of India) in the private sector bank has now come down to 10.2 per cent from 12.21 per cent according to BSE filling by Axis Bank.
Mon, Jun 24, 2019
Darpin Shah and Aakash Dattani, analysts at HDFC Securities said, “Over FY19, AXSB has demonstrated meaningful improvement in performance metrics."
Wed, Jun 19, 2019
Now, opting for home loan has become better and attractive than ever.
Tue, Jun 04, 2019
If the homebuyers credit score is very good then getting a home loan is very easy as the bank is assured that you are trustworthy and capable enough to repay your debt. But selecting a bank for your home loan is difficult as the rate of interest and the format of payment is different from bank to bank.
The new venture at GIFT IFSC is getting operationalized due to regular support provided by the Ministry of Finance along with all regulators namely RBI, SEBI and IRDA.
Indian stocks market, Sensex and Nifty, closed after reaching the all-time highs as strong buying demand in index pivotals triggered a sharp rally on the bourses on Monday, June 3, 3019.
Tue, May 28, 2019
Now a new trend has emerged between banks, and it is good news for senior citizens at home. Some of the banks have started the doorstep banking services for its customers like cash pickup, instrument pickup and delivery of cash and demand drafts.
Tue, May 21, 2019
Investors can continue to buy this stock at lower levels - ICICI Securities has said Axis Bank is a 'gladiator' stock.
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