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Analyzing Pidilite, L&T Finance, Axis Bank, and Havells India Results with Anil Singhvi

Analyzing Pidilite, L&T Finance, Axis Bank, and Havells India Results with Anil Singhvi

Wed, Jan 24, 2024

How are the results of Pidilite, L&T Finance, Axis Bank and Havells India? How to shop after shop? From Anil Singhvi...

Axis Bank Shares Tumble on Disappointing Q3 Results | Stock Market News

Axis Bank Shares Tumble on Disappointing Q3 Results | Stock Market News

Wed, Jan 24, 2024

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 stock plunges after Q3 profit, NII, NIM fall short of Street expectations; should investors be worried?

Axis Bank stock plunges after Q3 profit, NII, NIM fall short of Street expectations; should investors be worried?

Wed, Jan 24, 2024

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.

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Demonetisation impact: ICICI Bank, Axis Bank's NPLs to rise further, Moody's says

Demonetisation impact: ICICI Bank, Axis Bank's NPLs to rise further, Moody's says

Thu, Feb 23, 2017

The report mentioned that both the banks have seen significant additions to their non-performing loans (NPLs) from outside of their already announced watchlist accounts.

Nifty closes over 8,900-mark; Bharti Airtel top loser on BSE

Nifty closes over 8,900-mark; Bharti Airtel top loser on BSE

Tue, Feb 21, 2017

Axis Bank was the top gainer on both BSE Sensex and NSE Nifty after media reports said HDFC Bank, ICICI Bank and IndusInd Bank have approached the Government of India to acquire the Mumbai-based bank.

Banks look for insurance as cyber threats increase

Banks look for insurance as cyber threats increase

Sun, Feb 19, 2017

According to insurance industry reports, cyber crimes are growing at 40-50% annually globally. Similarly, global cyber risk insurance premium stood at $ 3.5 billion in 2016, which was only $ 2.5 billion in 2015, amply indicating growing incidents of cyber crimes across the world.

Banks rush to buy cyber security cover as digi payments rise

Banks rush to buy cyber security cover as digi payments rise

Sun, Feb 12, 2017

"We have always seen maximum security in all our IT systems. We are now considering to avail cyber insurance covers for our customers," SBI managing director Rajnish Kumar told PTI here.

Kotak Mahindra, Axis Bank deny merger talks; shares up

Kotak Mahindra, Axis Bank deny merger talks; shares up

Thu, Feb 09, 2017

The banks have denied such rumours.

Shares drop, ratings mixed: All is not well at Axis Bank

Shares drop, ratings mixed: All is not well at Axis Bank

Fri, Jan 20, 2017

Axis Bank posted a 73% drop in its net profit for the third quarter ended December 31, 2016 on Thursday January 19, 2017.

Axis Bank shares plunge 6% after poor Q3 results

Axis Bank shares plunge 6% after poor Q3 results

Fri, Jan 20, 2017

Recoveries and upgrades were Rs 350 crores while write-offs during the quarter were Rs 122 crores.

Axis Bank's Q3 net profit drops by 73%; bad loans rise

Axis Bank's Q3 net profit drops by 73%; bad loans rise

Thu, Jan 19, 2017

As on 31st December 2016, the Bank’s Gross NPA was Rs 20,467 crores against Rs 16,379 crores as on 30th September 2016.

Axis bank cuts lending rates by upto 0.70%

Axis bank cuts lending rates by upto 0.70%

Sat, Jan 14, 2017

For loans of overnight tenure and one month, the new MCLR will be 7.90 per cent, and three-month tenure will attract a revised rate of 8.05 per cent, while those for six months, one year will be 8.15 percent and 8.25 per cent respectively.

India Inc hails N Chandrasekaran elevation as Tata Sons' chairman

India Inc hails N Chandrasekaran elevation as Tata Sons' chairman

Thu, Jan 12, 2017

As Tata Sons named TCS boss N Chandrasekaran as its new chairman ending months of speculation, industry leaders, and Twitterati gave their thumbs up, expressing optimism on the future of the country's largest conglomerate.

Govt's e-payments platform BHIM App witnesses over 10 million downloads in 10 days

Govt's e-payments platform BHIM App witnesses over 10 million downloads in 10 days

Mon, Jan 09, 2017

The government's recently launched e-payments platform BHIM App has witnessed over 10 million downloads in 10 days. Prime Minister Narendra Modi had launched BHIM App during his address to 'DigiDhan Mela' in New Delhi on December 30 last year, according to earlier PTI report.

Court seeks police report on Axis Bank's branch manager plea to surrender

Court seeks police report on Axis Bank's branch manager plea to surrender

Sat, Jan 07, 2017

32-year-old Vineet Gupta, suspended branch manager in Axis Bank's Kashmere Gate branch here, pleaded the court to issue his production warrant for his appearance before it from jail, saying that he wanted to surrender in the cheating case lodged by Delhi Police to show his "bonafide".

Embarrassed, upset over conduct of handful of employees, says Axis Bank's CEO Shikha Sharma

Embarrassed, upset over conduct of handful of employees, says Axis Bank's CEO Shikha Sharma

Sun, Dec 18, 2016

"Embarrassed and upset" over the conduct of a handful of employees bringing the organisation into disrepute, Axis Bank MD and CEO Shikha Sharma said on Sunday the bank has hired KPMG to conduct a forensic audit for enhanced due diligence and building more safeguards.

Axis bank-Noida: ED files money laundering case for forging customer's identity

Axis bank-Noida: ED files money laundering case for forging customer's identity

Sat, Dec 17, 2016

The Enforcement Directorate (ED) has registered a money laundering case in the alleged forging of a customer's identity to conduct huge illegal transactions in an Axis Bank branch in Noida for conversion of black funds into white post demonetisation.

Income Tax raids Axis Bank branch, seizes 20 fake accounts

Income Tax raids Axis Bank branch, seizes 20 fake accounts

Thu, Dec 15, 2016

IT officials also recovered over Rs 100 crore from 44 suspect accounts in an Axis Bank branch in Chandni Chowk area in Delhi.

Axis Bank calls banking licence report "false"

Axis Bank calls banking licence report "false"

Mon, Dec 12, 2016

On Friday, the Income Tax department had unearthed 44 fake accounts during a raid at an Axis Bank branch.

IT raid unearths 44 fake accounts at Axis Bank branch in Delhi

IT raid unearths 44 fake accounts at Axis Bank branch in Delhi

Fri, Dec 09, 2016

It has warned of high penalties if people are found depositing larger amounts without informing the IT department.

Demonetisation: I-T department seizes Rs 130 crore in cash & jewellery since Nov 8

Demonetisation: I-T department seizes Rs 130 crore in cash & jewellery since Nov 8

Wed, Dec 07, 2016

The Income Tax Department (I-T) has carried out investigations into over 400 cases post-demonetisation seizing as much as Rs 130 crore in cash and jewellery, an official statement said on Tuesday.

Bank stocks pare losses as RBI increase MSS limit

Bank stocks pare losses as RBI increase MSS limit

Fri, Dec 02, 2016

On June 22, the RBI had said that under the MSS for the current fiscal was fixed at Rs 30,000 crore.

Cash flood: ICICI, HDFC Bank cut FD rates by 0.25%

Cash flood: ICICI, HDFC Bank cut FD rates by 0.25%

Thu, Nov 17, 2016

According to estimates, banks have collected cash deposit of over Rs 4 lakh crore following the demonetisation decision announced on November 8 by Prime Minister Narendra Modi.

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