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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.
Tue, Oct 05, 2021
The central bank's Monetary Policy Committee has not changed the key policy rates since May 22, 2020, when it had slashed the interest rate to a historic low of 4 per cent in an off-policy cycle to perk up demand.
Wed, Sep 22, 2021
Axis Bank has committed Rs 30,000 crore lending till fiscal year 2025-26 under its sustainable financing framework, a senior official said.
Thu, Sep 09, 2021
The bonds were listed on the global securities market platform of India International Exchange (India INX) and debt securities market platform of NSE International Exchange (NSE IFSC), the two bourses said in separate statements on Thursday
Mon, Sep 06, 2021
Private sector lender Axis Bank has announced a charter of policies and practices that are favourable for its customers and employees from the LGBTQIA community, as part of efforts to encourage "diversity, equity and inclusion" in its work environment.
Wed, Sep 01, 2021
Shares of Axis Bank touched a new 52-week high of Rs 819 per share on Wednesday after rallying for over 4 per cent on the BSE intraday trade on Wednesday.
Mon, Aug 30, 2021
Axis Bank has started issuing Additional Tier-1 bonds as part of its Rs 35,000 crore debt raising plan. In a regulatory filing, the bank said that the issuance is part of the existing Global Medium Term Notes (GMTN) programme of the bank.
Tue, Jul 27, 2021
On the back of strong first-quarter numbers, the brokerages are bullish on the Axis Bank shares, with the majority of them raising the price target of the stock.
Mon, Jul 26, 2021
Axis Bank Results Q1FY22 – Axis Bank today reported a consolidated net profit of Rs 2,160 cr for the quarter ended 30 June 2021, which was up 94 per cent year-on-year (YOY) on the back of Healthy CASA growth, steady operating performance and resilient balance sheet, the company s
Sun, Jul 25, 2021
Market Guru Anil Singhvi said that the trends are likely to be positive when the markets reopen on Monday. The street is expecting strong results from banks. Kotak Mahindra Bank and Axis Bank will be announcing their quarterly results on Monday. The results from market heavyweights will provide support to the markets, he said
Thu, Jul 08, 2021
Mastercard, Mumbai Metro and Axis Bank on Thursday announced the launch of ‘One Mumbai Metro Card’, to ensure contactless and cashless travel for Mumbaikars.
Thu, Jun 17, 2021
The stock markets today ended on a weaker note. While the BSE Sensex ended at 52,323, going down by 0.34 per cent or over 178 points, the NSE Nifty 50 fell almost 0.5 per cent or 76 pints on the day of weekly expiry. This is a second straight fall for the stock markets. The domestic markets took cues from the US markets and settled lower today
Thu, Jun 10, 2021
Axis Bank, country's third largest private sector bank is all set to make banking conversational by enabling secured communication over WhatsApp. As per the information, Karix Mobile, a wholly owned subsidiary of Tanla Platforms, CPaaS provider, has announced the deployment of a conversational banking solution- WhatsApp Business- for, Axis Bank.
Thu, Jun 03, 2021
The stock markets today ended the day in the green. Both the BSE Sensex and the NSE Nifty 50 ended 0.7 per cent up on the day of weekly expiry. The BSE Sensex was up by over 382 points on Thursday while Nifty 50 ended 114 points higher
Tue, May 25, 2021
The stock markets today ended the day almost flat. While the BSE Sensex closed the day with negative bias at 50,637.53, down by over 14 points, the broader market NSE Nifty 50 was trading 15,208.45, up by almost 11 points at the end of the trading session
Mon, May 24, 2021
The stock markets today ended the day in the green. While the BSE Sensex closed at 50,651.90, up by over 111 points or almost 0.2 per cent, the broader market NSE Nifty 50 was trading 15,197.70, up by over 22 points or almost 0.2 per at the end of the trading session
Thu, May 20, 2021
Zee Business Managing Editor Anil Singhvi said that if one is a long-term investor, then one should invest in the Axis Bank OFS. He said that this OFS has received very strong response, which indicates that Institutional Buyers are extremely interested in this Offer for Sale
Wed, Apr 28, 2021
Motilal Oswal says that Axis Bank has delivered a strong performance and appears well-positioned to report robust earnings traction. Moreover, moderation in fresh slippages, coupled with improved underwriting and an increasing retail mix, would help maintain strong credit cost control. On the business front, retail disbursements reached an all-time high during the quarter, with strong disbursements seen in Home Loans (+45% QoQ) and LAP (+51% QoQ)
Thu, Apr 15, 2021
Vishal Wagh, Research Head at Bonanza Portfolio says that banking and financial sector is facing major supply pressure issues thanks to the surging cases of Covid-19 and the steps like corona curfew and implementation of section 144 in a state like Maharashtra will add more fear to it. The second wave of Covid-19 has put selling pressure on the Indian market
Wed, Apr 07, 2021
Share price of India's third largest private lender Axis Bank on Wednesday zoomed around one and half per cent intraday on the back of becoming a co-promoter of Max Life.
Thu, Apr 01, 2021
Analyst Nilesh Jain of Centrum Broking said that a leadership position is expected to come back for the Bank Nifty in April Series. The AVP said that he expected the Bank Nifty to trade in the range between 35,000 and 35,500. The immediate support on it is at 33,000
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