Page 40 - Axis Bank
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
 "Covid-19 relief: You can defer 3 EMIs but that may be a very costly option")
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
 "RBI needs to ease asset quality norms, cut repo rate: HDFC Bank's 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.
 "HDFC Bank slips below Rs 1,000. How to trade bank stocks in this market?")
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
 "Private lenders' 'act of kindness' to YES Bank irks investors")
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.
 "Investments in YES Bank aimed at providing stability, says SBI chief")
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
 "YES Bank's Reconstruction Scheme: The story so far")
ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank
The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited
 "ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank")
Govt to sell Rs 8,000-cr SUUTI stake to meet revised FY20 divestment target
The Centre currently owns 4.71% in Axis Bank and 7.93% in ITC through SUUTI
 "Govt to sell Rs 8,000-cr SUUTI stake to meet revised FY20 divestment target")
YES Bank fiasco, double-blow for Max Financial; analysts caution investors
Max Life has Rs 2,000 crore exposure to YES Bank's tier-2 bonds and the latter accounts for 11 per cent of its bancassurance channel
 "YES Bank fiasco, double-blow for Max Financial; analysts caution investors")
Axis Bank, BoB, HDFC Bank, ICICI Bank: Banking stocks that look oversold
Whenever a stock witnesses higher volumes, which is normally stronger than earlier candles, it indicates severe pressure.
 "Axis Bank, BoB, HDFC Bank, ICICI Bank: Banking stocks that look oversold")
Low on investor confidence and growth, private banks in for tough days
Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector
 "Low on investor confidence and growth, private banks in for tough days")
HC notice to Devendra Fadnavis over Axis Bank account transfer issue
Fadnavis, a former chief minister, had been targeted over this issue earlier by his detractors as his wife Amruta Fadnavis holds a senior position with Axis Bank
 "HC notice to Devendra Fadnavis over Axis Bank account transfer issue")
Reliance Capital defaults on interest payments to HDFC, Axis Bank
Firm claims Delhi High Court, DRT rulings restrain payments; Reliance Home Fin also defaults on interest payment on term loan and cash credit
 "Reliance Capital defaults on interest payments to HDFC, Axis Bank")
BMC invests only Rs 1 cr in Axis Bank from Rs 6,300 cr investments
The BMC has deposited Rs five crore in the Municipal Cooperative Bank, which has offered the highest interest rate of 7.5% per annum, as per the document
 "BMC invests only Rs 1 cr in Axis Bank from Rs 6,300 cr investments")
Axis Bank appoints Puneet Sharma as CFO, to take charge from March 6
Axis Bank on Thursday said its board has approved appointment of Puneet Sharma as Chief Financial Officer (CFO). His appointment will be effective from March 6, the private sector lender said in a regulatory filing. Sharma replaces Jairam Sridharan, who has resigned as the group executive and CFO of the bank, with effect from the close of business hours on March 5, it said. Prior to joining Axis Bank, Sharma spent 12 years at Tata Capital as a senior management functionary and was the group CFO since 2014 accountable for financial control, financial planning & accounting and taxation amongst other deliverables, the statement said.
 "Axis Bank appoints Puneet Sharma as CFO, to take charge from March 6")
Soon, you will be charged even for failed transactions at Axis Bank ATMs
The proposed fee will be Rs 25 per transaction; the bank has uploaded a notice on its website listing this and three other charges coming into effect from 1 April 2020
 "Soon, you will be charged even for failed transactions at Axis Bank ATMs")
RBI approves Sunil Gurbaxani's appointment as Dhanlaxmi Bank MD and CEO
Gurbaxani is working with Axis Bank at present.
 "RBI approves Sunil Gurbaxani's appointment as Dhanlaxmi Bank MD and CEO")
Axis Bank in talks to acquire significant stake in Max Life Insurance
Private sector lender Axis Bank has entered into an exclusive agreement with Max Financial Services and Max Life Insurance to explore a long-term strategic partnership with the life insurance arm
 "Axis Bank in talks to acquire significant stake in Max Life Insurance")
Axis Bank to explore possibility of strategic partnership with Max Life
Max Life is currently the largest non-bank owned private life insurer in India