SBI, Axis Bank and Bank of Baroda plan to reinvest proceeds from the proposed UPI MDR levy in technology, security, infrastructure and merchant expansion rather than boost profits
Irdai has proposed product- and channel-specific caps on insurance commissions, lower expense limits for insurers; banks are exploring mutual funds and forex to offset potential income losses
Axis Bank MD and CEO Amitabh Chaudhry says the current credit-growth cycle is more broad-based, with stronger bank capital, improved underwriting and better risk management
MOFSL said that Axis Bank's elevated opex led to slight earnings miss in Q2. The strong NII growth and lower-than-expected provisions were offset by elevated opex and softer treasury income.
Net interest income rose 11.8 per cent to ₹15,371 crore, while loans grew 23 per cent and provisions fell 52.2 per cent; other income declined 1.4 per cent to ₹6,531 crore
Q2FY27 company results: Firms including IDBI Bank, Central Bank of India, Punjab & Sind Bank, India Cements, and Ixigo are also to release their July-September earnings today
Axis Bank Q2 results preview: The net interest margin may come under pressure in Q2FY27 due to elevated FCNR(B) deposit mobilisation, with analysts projecting a sequential decline of 7-12 bps.
Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank are the 5 bank stocks identified by Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One based on the technical chart set-up.
The Nifty Private Bank index advanced over 1%, while the Bank Nifty and Nifty PSU Bank index rose 0.6% and 0.3% respectively on Tuesday, a day ahead of the RBI policy decision.
Axis Bank has launched Apple Pay for its Visa and Mastercard credit card customers in India, enabling payments at merchants, within apps and online using Apple devices
On July 21, 1993, RBI provided in-principle approval to HDFC and Unit Trust of India, or UTI (its lender later became Axis Bank), for starting banking companies
