The higher deposit run-down, coupled with optically higher loss in Q4, could weigh on the stock performance in the near-term
This deal will have a 177 basis points bearing on Axis Bank's CET1 capital ratio
Product such as home loans and credot/debit will undergo no change; but in case there are changes, the customer will be duly informed
CLOSING BELL: IT, financial and metal shares led the market rally; Broader indices such as Midcaps and Smallcaps outperformed the benchmarks, while shares of Adani Group too finished on a solid note.
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The market regulator said it identified Rs 30.5 crore as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities
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This means by March 1, all the customers, employees and assets of the Citi will be transferred to Axis
'We are seeing a fair amount of activity in renewables, city gas distribution, and roads'
Descending Triangle breakdown on Nifty Bank index may see up to 5% decline
The lenders to the group include big names like the State Bank of India, Bank of Baroda, the Punjab National Bank, Axis Bank, and IndusInd Bank
"Our exposure to Adani Group is primarily to the operating companies in the Ports, Transmission, Power, Gas Distribution, Roads, Airports etc," the bank said
Global broking and research firm CLSA said on Thursday, that the Adani Group poses no "significant downside risk" to Indian banks.
Lender in talks with end-investors to issue infra bonds at a rate of around 7.85%
Axis Bank Q3 result review: Axis Bank's is moving in the right direction with improvement in net interest margins, sustaining loan growth momentum, and expansion in return profile, analysts said
CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent
With Tuesday's decline, the stock price of Axis Bank corrected 6 per cent from its record high level of Rs 970.45, which it had touched on January 4, 2023
Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.
Revisions mainly introduced for high-value deposits of Rs 2 cr and above; Continuous rate hikes over time raise concern about sustainability of healthy net interest margins
The lender aims to maintain as much cushion on NIMs as possible