Page 30 - Axis Bank

RBI fines Axis Bank Rs 5 crore for non-compliance with certain rules

The action, RBI clarified, was based on the deficiencies in regulatory compliance

SBI, Axis Bank, ICICI Bank, others buy stakes in fintech firm IBBIC

Six banks State Bank of India, Axis Bank, Indian Bank, Yes Bank, IDBI Bank, and ICICI Bank on Tuesday said they have bought equity stakes in financial technology platform IBBIC.

Axis Bank buys 5.55% stake in financial technology firm IBBIC

Stock of Axis Bank traded 2.47 per cent down at Rs 737.45 apiece on BSE.

Sensex drops 274 pts, Nifty ends below 15,750; DRL sinks 10%, Axis Bank 3%

In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.

Stocks to watch: Tata Motors, L&T, IndiGo, Just Dial, HUDCO, Axis Bank, DRL

Larsen & Toubro (L&T) reported a consolidated net profit at Rs 1,174 crore in the June quarter, up nearly four times from the same period last year on the back of increased revenues

Axis Bank Q1 net up 94% YoY at Rs 2,160 cr on sharp dip in provisions

Non-interest income up 39% to Rs 3,588 cr, with fee income growing at 62% to Rs 2,668 cr

Axis Bank Q1 results: Net profit rises 94% to Rs 2,160 cr; NII up 11%

The net interest income (NII) of the lender rose 11 per cent Rs 7,760 crore

Axis Bank slips over 1% ahead of Q1 results today; here's what to expect

Emkay Global expects the net profit to zoom 97 per cent YoY and contract 18 per cent QoQ at Rs 2,196 crore

No senior-level resignations, says Axis Bank in response to rumours

"We believe this has been done with the intention to damage the reputation of the bank and mislead the stock markets and the public in general," Axis Bank said in a regulatory filing

SBI, Axis, HDFC Bank top go-to lenders for Indian Inc during Covid: Report

Companies say digital infra provided by Indian banks and faster loan and account documentation helped them during crisis.

NIIT, Axis Bank partner to launch digital banking academy

NIIT Institute of Finance Banking and Insurance (NIIT IFBI) and Axis Bank have launched a fintech professional programme to build future-ready professionals for the private sector lender.The programme offers graduates with zero to three years of experience an opportunity to join Axis Bank as a deputy manager (IT). NIIT said the programme is immersive in nature where the learners perform tasks of similar complexity as they would face in their role."We have been working with the industry for close to four decades and are focused on delivering training programmes in line with the emerging talent requirements of the industry," said Bimaljeet Singh Bhasin, President of skills and careers business at NIIT.NIIT Ltd is a global skills and talent development company, and a leading provider of managed training services.Axis Bank is the third-largest private sector bank in India offering an entire spectrum of services to customer segments covering large and mid-corporates, SME, agriculture and ..

Large banks with strong balance sheet to grow faster: Axis Bank CEO

Sustained fiscal and monetary support by the government and the RBI would help economic recovery by the second half of this fiscal, Axis Bank's top official said

Axis Bank sees 10-times growth in daily volumes in online shopping fest

Even as policy makers grapple with ways to revive demand, an online sale fest launched by Axis Bank offering 15 per cent discounts is witnessing a 10-times surge in daily volumes

Axis Bank strikes cloud computing deal with AWS for digital transformation

India's third-largest private sector bank to migrate 70% of its on-premises data centre infra in next 24 months to further reduce cost, improve agility, improve customer experience

Key obstacle removed with Yes Bank, Axis green signal to RCap's asset sale

The two banks are jointly owed Rs 1,575 cr and had objected to the sale unless their dues are paid. Yes Bank recently moved into Anil Ambani group HQ in Santa Cruz, Mumbai as part of debt settlement

Axis Bank stake in Max Life likely to rise to 20 pc in 12-18 months

In line with the proposed deal, Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 12-18 months, said the insurance company's CEO Prashant Tripathy said. Currently, Axis Bank and its two subsidiaries -- Axis Capital Ltd and Axis Securities Ltd -- collectively own 12.99 per cent in Max Life Insurance post approval of the deal in April this year. With this, Axis entities have now become co-promoters of Max Life with three board seats. "Axis Bank is to increase to 19.99 per cent in tranches. Thirteen per cent is already done over the next two quarters, we will seek approval for the balance seven per cent. So, it will reach about 20 per cent and that will be the ownership of Axis Bank," Tripathy told PTI. When asked about the timeline for the completion of the remaining stake transfer, he said: "It should happen in the next 12 to 18 months." Under the deal, the Axis entities also have the right to acquire an additional stake of up to seven

Markets 'very good', firms should use yields: Axis Bank's Gambhir

Senior executive at lender says companies should access market if they need long-term funding.

Expect over 9.5% GDP growth in FY22: Axis Bank's chief economist

Vaccination holds the key on the growth front going ahead, he said, warning that if the inoculations fall short, it can shave off 1 percentage point from the GDP growth estimate

Lenders terminate bankruptcy proceedings against Lavasa Corporation

Lenders who have run up Rs 7,700 cr bad loans will call for fresh bids

Street signs: Call date with RIL, Pair strategy for Axis, ICICI Bank & more

Prices of key raw materials, such as copper, steel and aluminium, are up between 20 and 40 per cent in one year