Page 37 - Axis Bank

LIC expects steady growth in life insurance premiums by December quarter

The first quarter of FY21 was a rough one for life insures because NBP contracted 18.64 per cent to Rs 49,335 crore against Rs 60,637 crore in Q1FY20 due the lockdown.

Private banks stare at washed-out Q1; moratorium, Covid-19 provisions eyed

Extension of moratorium, ICICI Securities points out, till August would push recognition of pain points, thereby leading to benign slippages and stable headline non-performing asset (NPA) numbers

Operating buffers of top five banks to fall 15%, says India Ratings

Of the top five private banks, Ind-Ra rates HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.

Trading ideas by Religare Broking: Buy Axis Bank, Dabur India

The current chart formation, along with the positioning of the confirmation indicators, are all pointing towards a fresh breakout ahead in Axis Bank's stock

Maruti Suzuki India partners with Axis Bank for easy vehicle financing

The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Tuesday said it has collaborated with Axis Bank to offer easy vehicle financing options for potential car buyers

Axis Bank seeks shareholders nod to raise Rs 50,000 cr via debt, equity

The private sector lender said its annual general meeting (AGM) is to be held on July 31, 2020, and it will seek shareholders' approval for the proposals

Top headlines: States on GST compensation, Emami questions HUL & more

From states divided on alternative GST compensation, Emami questioning changing of 'Fair and Handsome' name to startups helping tenant amid Covid-19, here are the top headlines of the day

Axis Bank gets approval to raise up to Rs 15,000 cr to tide over Covid-19

In a meeting held on Thursday, the private lenders' board approved the capital raising plan through issue of equity shares/ depository receipts or any other instrument or securities

Top headlines: CBI, ED to charge GVK Group, Biden promises on H1-B & more

Here are the top headlines of the day

Axis Bank appoints LIC MD Suseel Kumar on board as non-executive member

Kumar was appointed MD of LIC in March 2019

Bajaj Finance, Axis Bank decline 5% after S&P downgrades ratings

S&P Global Ratings said that worsening operating conditions following Covid-19 have increased risks for financial institutions and banks operating in India

S&P rating action won't impact Axis Bank, Bajaj Finance much: Experts

Experts say comfortable capital levels, strong market position positive for both

S&P downgrades Axis Bank's issuer rating over risks to Indian banking

Affirming the ratings on 7 other Indian banks, the rating agency said that it expected a very high likelihood of government support underpinning its ratings on government-owned banks

Fitch revises outlook on 9 Indian banks' IDRs from stable to negative

Action follows change in outlook on India's rating

ICICI Bank, SBI: Fitch revises IDR outlook. Time to sell these stocks?

On Monday, global rating agency Fitch revised the outlook from "stable" to "negative" on the Long-Term Issuer Default Ratings (IDR) of nine Indian banks

Axis Bank's Pralay Mondal to join Fairfax-backed CSB Bank as President

Before joining Axis Bank, Mondal was the Senior Group President and Head of Retail and Business Banking at Yes Bank.

Covid-19 to accelerate India Inc's migration to safe, large banks

Share of large private banks in corporate relationships have moved from 27 per cent in 2017 to 32 per cent in 2019, according to Greenwich Associates, a Crisil group company

Pralay Mondal quits Axis Bank; stock falls 11% in intra-day trade

The stock dipped 8 per cent to Rs 360, falling 11 per cent from its opening level of Rs 405 on the BSE on Tuesday.

Foreign portfolio investors to pick up $300-million stake in YES Bank

The FPIs are in advanced talks with an Indian bank to act as a custodian.

Erroneous price feeds for F&O contracts disrupt trading on Bank Nifty

Several brokers cautioned investors and some halted trading in Bank Nifty contracts - the second-most traded index derivatives - citing irrational gap between 'buy' and 'sell' quotations.