Page 40 - Axis Bank

Axis Bank set to acquire 29% stake in Max Life Insurance for Rs 1,592 crore

Axis is looking to purchase around 55.61 crore shares of Max Life Insurance at a price of Rs 28.61 per share, but the estimate will change basis the date when the deal is closed

Axis Bank reports Rs 1,878-crore pre-tax loss in Q4 on Covid-19 provisions

the bank reported a 17 per cent increase in its operating profit at Rs 5,851 crore in the March quarter

Promoter, PE stake may go up in private banks; IndusInd, HDFC Bank to gain

Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.

Axis Bank reports net loss of Rs 1,388 cr in Q4FY20; NII at Rs 6,808 cr

The private lender's net interest income (NII) came in at Rs 6,808 crore for the period under review

Max Financial, Axis Bank gain up to 6% on Max Life Insurance deal

Axis Bank and Max Financial Services today announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company

Axis Bank to buy 29% in Max Life Insurance, raise its total stake to 30%

After the completion of a series of transactions, Max Life will become a 70:30 joint venture between MFS and Axis Bank

Market Ahead, April 28: All You Need To Know Before The Opening Bell

According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy

Axis Bank to report Q4 earnings today; here's what analysts expect

Analysts at MOFSL believe the Mumbai-based bank's credit cost may stay elevated led by higher slippages. Besides, asset quality could witness some pressure along with modest loan growth.

Market Ahead, April 27: Top factors that could guide markets this week

According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later

RBI measures, global markets surge propel Sensex, Nifty to one month high

Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.

Decoding the Street's bullishness on ICICI Bank in the time of Covid-19

All analysts are optimistic on the stock, which hasn't seen any downgrade so far

Investment banking fee drops 34% to $222 million in Q1 of FY20

Axis Bank pocketed the highest fee, at nearly $19 million

Why the three-month moratorium on your home loan EMI may not be a good idea

Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date

Covid-19 relief: You can defer 3 EMIs but that may be a very costly option

SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs

RBI needs to ease asset quality norms, cut repo rate: HDFC Bank's Puri

RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri

Loans to MSMEs, India lockdown to make Axis Bank's bad loans worse

SME slippages so far in FY20 are just little shy of FY19's Rs 11,200 crore, and may increase due to lock-outs imposed

HDFC Bank slips below Rs 1,000. How to trade bank stocks in this market?

In the last one month, the Nifty Bank has tumbled 24.7 per cent as compared to Nifty's 23.64 per cent fall. Here are key levels for frontline banking counters.

Private lenders' 'act of kindness' to YES Bank irks investors

Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender

Investments in YES Bank aimed at providing stability, says SBI chief

SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.

YES Bank's Reconstruction Scheme: The story so far

Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue