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...
More >
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, Jun 23, 2022
Global brokerage houses have issued their ratings on some bank stocks and have changed the targets of some stocks. These stocks include SBI, IndusInd Bank, Axis Bank.
Global brokerage houses have issued their ratings on the stocks and have changed the targets of some stocks. These stocks include Asian Paints and Hindustan Unilever.
Wed, Jun 22, 2022
Investors may see a stock-specific action in Dr Reddy’s Lab, IndusInd Bank, SBI and Axis Bank in which global brokerages came out with their reports on business development, or earnings outlook.
Mon, May 09, 2022
The Axis Mutual Fund company is being investigated by SEBI on charges of front running. Now in the midst of this investigation, Axis Mutual Fund on Friday suspended the manager of the company. It is believed that both these managers were doing front running work in Axis Mutual Fund. The matter of front running involving Axis Mutual Fund is being probed by SEBI. Under running, any fund manager uses his personal demat accounts to sell or buy any shares. Mutual fund deals have a significant impact on stocks and a fund manager can earn huge profits or avoid any kind of loss by investing in these stocks through front running.
Mon, May 02, 2022
Axis Bank's March 2022 results have been mixed. The profit of the bank has increased by about 54 percent and the income from interest (NII) has increased by 16.7 percent. Shares of Axis Bank had closed at Rs 776, up 1.4 per cent in the session on Thursday. After the results, brokerage houses are looking bullish on the shares of Axis Bank. Goldman Sachs, BoFA and Jefferies have retained their buying opinion on the stock. At the same time, Morgan Stanley's stance on the stock is overweight and JP Morgan is neutral. So far this year, the bank's stock has gained about 12 per cent.
Fri, Apr 29, 2022
Axis Bank on Thursday reported a 53.8% year-on year (YoY) rise in the consolidated profit at Rs 4,117.8 crore for the quarter ended March 31, 2022 as against Rs 2,677.1 crore posted in the corresponding quarter the previous year.
Thu, Apr 28, 2022
Axis Bank on Thursday reported a 54 percent increase in its standalone net profit for the quarter ended March 2022, at Rs 4,117.77 crore, as per PTI report.
Wed, Apr 20, 2022
State Bank of India (SBI) has increased the marginal cost lending rate (MCLR) by 10 basis points.
Tue, Apr 12, 2022
Analyst Nilesh Jain says that technical charts suggest a strong upward move in the Nifty Bank Index stocks and the index could test levels around 39,000 over next week. He sees a support at 37,300 while an immediate resistance of 38,000. It is trading at levels, close to the breakout level, Jain says
Sun, Apr 10, 2022
RBI imposes penalties on Axis, IDBI Bank: The Reserve Bank of India (RBI) has imposed a penalty of Rs 93 lakh on private sector Axis Bank for violating several norms including Know Your Customer (KYC) guidelines. is. RBI has also imposed a penalty of Rs 90 lakh on IDBI Bank. The Reserve Bank said in a release on Friday that a penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain instructions.
Thu, Apr 07, 2022
Axis Bank on Thursday said it has collaborated with Asian Development Bank (ADB) for a partial guarantee programme with initial outlay of USD 150 million (Rs 1,139.85 crore), aimed at supporting supply chain financing for impact sectors.
Tue, Apr 05, 2022
A domestic brokerage firm Progressive Share Broker lists out the technical triggers of large and mid-cap banks and sees a potential of up to 28 per cent in the bank stocks such as Axis Bank, SBI, HDFC Bank, ICICI Bank, and Federal Bank.
Wed, Mar 30, 2022
The CEO of Axis Bank, Amitabh Choudhary said that the payment of about Rs 2,235 crore will be released after getting all approvals, which will take 9 to 12 months.
Citigroup has agreed to sell its consumer banking business in India to Axis Bank for $1.6 billion, the latest step in Chief Executive Officer Jane Fraser`s push to simplify the bank.
Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday.
Mon, Mar 28, 2022
Heightened geopolitical uncertainties will lead the Reserve Bank's rate-setting panel to opt for a status quo at the next week's meeting, Axis Bank's chief economist Saugata Bhattacharya said on Monday.
Fri, Mar 25, 2022
Credilio has raised USD 4 million or around Rs 30 crore in pre-series-A round from a clutch of investors.
The MR ePay will provide an end-to-end online auto finance journey with almost instant approvals while offering seamless, customised, and instant financing solutions from a consortium of leading banks, the company said in a statement.
Wed, Mar 23, 2022
Kotak Mahindra Bank and Axis Bank have acquired 7.84 per cent stake each in the open public digital infrastructure framework entity ONDC.
Fri, Mar 11, 2022
Strengthening economic recovery and stable financial metrics will help state-owned banks have stable earnings during the next financial year, aided by the gradual unwinding of regulatory forbearance through the year, according to a report
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
