Page 35 - Axis Bank

Axis Bank's net profit drops 36% in Q3 due to higher provisions

Provisioning cost rose 33 per cent year-on-year; proforma gross NPA at 4.55 per cent

Turnaround time

Early trends in corporate earnings hold out hope

Axis Bank Q3 net profit declines 36% to Rs 1,116 crore, NII grows 14%

The lender's gross NPAs declined to 3.44 per cent from 4.18 per cent in September quarter (Q2FY21) . Net NPAs stood at 0.74 per cent

Axis Bank Q3 net profit declines 36% to Rs 1,116 crore, NII grows 14%

The lender's gross NPAs declined to 3.44 per cent from 4.18 per cent in September quarter. Net NPAs stood at 0.74 per cent

Indices turn negative for 2021 as Sensex tanks 938 pts, Nifty gives up 14k

All that happened in the markets today

Stocks to watch: Axis Bank, HUL, L&T, BoB, auto stocks, Affle India

Stocks of auto companies will be in focus after the government approved a policy to scrap more than 15-year-old vehicles owned by government departments and PSUs

Axis Bank Q3: Profit may jump up to 83% YoY; asset quality could take a hit

Limited Covid-19 provisioning in the quarter may shore up profit of Axis Bank, analysts at Edelweiss Securities said in their result preview report

Sensex gives up 50K, ends 167 pts down; Nifty at 14,590; PSBs, metals hit

All the key sectoral indices ended the day in a sea of red

Stocks to watch: RIL, Axis Bank, Bajaj Auto, Bajaj Finance, Lauras Labs

Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities

Private banks Q3 preview: Debt restructuring nos eyed; PAT may grow 20% YoY

Among the pack, mighty banks such as HDFC Bank and ICICI Bank are expected to outperform their peers, analysts say.

Retail and SME loans set for litmus test in 2021 as stress levels may rise

Little leeway on pricing and asset quality at a tricky level could places both segments in a tight spot

BofA, CLSA think Axis, IndusInd Bank are ripe for re-rating; here's why

Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations

Axis Bank, Hyundai partner to offer smart financial solutions digitally

Axis Bank announced its partnership with Hyundai to offer the auto retail financing solutions to its customers

Banks ramp up cross-selling, aim to gain bigger share of customer's wallet

Despite all the chatter, Indian banks' cross-sell ratio - the number of products and services they hawk to a customer - remains low, report Abhijit Lele and Raghu Mohan

Bad loans set to rise in H2 of FY21 despite improving outlook: Axis Bank

The lender's asset quality had improved both sequentially and year-on-year in Q2

Free-for-all apps: Avail bank facilities even if you are not a card holder

ICICI is not alone to bring this concept forward. State Bank of India, has also announced to make its app open for all in 30 days

Working capital cycles returning, especially in manufacturing: Axis Bank MD

On retail loan growth, the season went better than expected, CEO Chaudhry said

Govt may lower SUUTI stake in Axis Bank by 0.7% to raise up to Rs 1,300 cr

It waited six months for the stock to touch Rs 600, and then took a call to offload stake. However, decision to lower stake in Axis Bank was taken last year

Approval from IRDAI on Axis Bank stake hike expected by March: Max Life CEO

Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank''s proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02% with the subsidiaries

Govt's move to pare stake in Axis Bank fuels hope of divestment by stealth

Last week, it sold shares worth Rs 220 crore in the open market without making a formal announcement. The deal came to light only this week