The lender may see single-digit loan growth, deterioration in asset quality, and slippages at 4.5 per cent of loan book
Lower provisions will be a key driver supported by healthy operating profit growth, while commentary on asset quality, collections are among monitorables
Religare Enterprises on Wednesday said its arm Religare Finvest Limited will default on Rs 100 crore NCD payment obligation later this month to subscriber Axis Bank
In an interview with Hamsini Karthik, Tripathy explains why savings products would continue to propel growth in the near term
Axis stake at 12.99%, will nominate three directors to Max Life's board
Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country's third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer.
The Reserve Bank of India has extended the term of J&K Bank Chairman and Managing Director R K Chhibber by six months
Price-wise, BPCL's stock seems to have a sturdy structure on the weekly time frame and, looking at the lower degree chart, the recent price correction appears to have completed
Max Bupa Health Insurance is as a joint venture between private equity group True North and Bupa.
Acceptance of wearable devices will depend on speed and ease of grievance redressal
Axis Bank on Wednesday said it will be available on popular social messaging app WhatsApp and will allow basic banking services, including account balance, and transactions history. The third largest private sector lender said the service will allow customers to seek information regarding their account balance, recent transactions, credit card payments, fixed and recurring deposit details, besides getting their queries answered in real-time. The facilities will be available to both the bank and non-bank customers, it said. Among others, people can put their queries about nearest branch, ATM, loan centre location. Customers can also apply for various banking products through WhatsApp, it said. They can also block their credit or debit card using the secure end-to-end encrypted messaging channel. Axis Bank said all the services on WhatsApp Banking will be available 24X7, including holidays. To get on-board, customers need to send a Hi to 7036165000 on WhatsApp. "Our objective is to
34 consortiums working to file intent for NUE
IRDAI has given its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries Axis Capital and Axis Securities
Wipro announced the appointment of Rene Mulder as Country Head and Managing Director of its Switzerland operations
ICICI Bank, Axis, among others see rise 'proforma' slippages in Q3
ICRA has reaffirmed AAA rating on Axis Bank's infrastructure bonds and debentures worth Rs 22,205 crore.
Proposed move may fetch Centre Rs 2,300 crore
The matter pertained to alleged lapses in disclosures with respect to change in promoter United India Insurance's shareholding in the private lender.
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
Leading names of India's banking industry join Tamal Bandyopadhyay at Business Standard's Unlock BFSI 2.0 to discuss the issues plaguing the sector