Page 33 - Axis Bank

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

Bull Spread Strategy on Axis Bank by Nandish Shah of HDFC Securities

The stock price has already broken out from the downward slopping trendline on the daily chart

Axis Bank awaits nod to reclassify 3 promoters as public shareholders

United India Insurance Company, National Insurance Company and New India Assurance Company will be reclassified as public category shareholders post requisite regulatory approvals

Govt garners Rs 4,000 crore through nearly 2% stake sale in Axis Bank

The government had offered to sell its 58 million shares or 1.95 per cent stake of Axis Bank held through Specified Undertaking of the Unit Trust of India (SUUTI)

Axis Bank OFS retail book of 5.8 mn shares receives just 28% subscription

Unsubscribed portion of the OFS will be allotted to non-retail investors

Axis Bank's OFS opens for retail investors today. Should you subscribe?

Nearly all the brokerages retained their 'buy' calls on the stock post results with target prices as high as Rs 925

Stocks to watch: ZEEL, HPCL, Axis Bank, IB Housing Fin, fertiliser stocks

Indiabulls Housing Finance on Wednesday reported a two-fold jump in its profit after tax to Rs 276 crore in the quarter ended March 2021 helped by stable asset quality

Axis Bank's Rs 4,000-crore OFS subscribed over 2x by non-retail segment

Most bids came in at Rs 701.6 as against floor price of Rs 680 per share; 5.8 mn shares to be auctioned to retailers on Thursday

Stocks to watch: Tata Motors, Axis Bank, IOC, Minda Corp, Shakti Pumps

Jindal Stainless Hisar (JSHL) reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income

Govt to sell nearly 2% SUUTI stake in Axis Bank, may get Rs 3,969 cr

Floor price set at Rs 680 a share; govt keeps option open to sell additional 0.74% stake

Axis Bank Q4: Growth accelerates but sustainability is key, say analysts

Axis Bank on Tuesday reported gross non-performing assets (GNPAs) and net NPAs (NNPAs) of 3.7 per cent and 1.05 per cent in Q4FY21, down from 4.55 per cent and 1.19 per cent (pro forma) in Q3FY21

Axis Bank board approves re-appointment of Amitabh Chaudhry as MD & CEO

Private sector lender Axis Bank on Thursday said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022. "The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing Director and CEO of the bank, for a further period of 3 years, with effect from January 1, 2022 up to December 31, 2024," Axis Bank said in a regulatory filing. The appointment will be subject to the approval of the Reserve Bank of India (RBI) and shareholders of the bank, the filing added. Chaudhry was appointed as Managing Director (MD) and CEO of Axis Bank for a period of three years, with effect from January 1, 2019 up to December 31, 2021. Prior to joining Axis Bank, Chaudhry was MD and CEO of HDFC Standard Life Insurance Company.

Investors look beyond Covid cases' surge; Sensex zooms 790 pts; banks rally

CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets