The coupon rate for the issue will be 7.65 per cent per annum, the filing added.
The bank's net interest income, which grew 15.15 per cent, met D-Street estimates. It's standalone NII stood at Rs 6,452.98 crore over an NII of Rs 5,603.7 crore clocked in Q3FY19.
On the asset quality front, the Mumbai-based bank reported gross non-performing assets at Rs 30,073 crore for the recently concluded quarter. This was up 3.4 per cent QoQ
The stock closed lower by 0.7 per cent at Rs 712.7 per share on BSE
On January 15, Axis Bank had moved SAT seeking relief against an order passed by the Securities and Exchange Board of India (Sebi)
During the quarter under review, the counter has outperformed the benchmark S&P BSE Sensex by surging 10.12 per cent, as against a 6.6 per cent gain in the index.
During the quarter under review, the counter has outperformed the benchmark S&P BSE Sensex by surging 10.12 per cent, as against a 6.6 per cent gain in the index.
The tribunal granted interim relief in light of the fact that the National Securities Depository had earlier reversed securities to clients on the basis of Sebi's November 2019 order
The tribunal granted interim relief to Axis Bank, in light of the fact that in the past the National Securities Depository had reversed client securities on the basis of Sebi's November 2019 order
Better share of retail assets, improved underwriting standards were the positives of his first year as MD & CEO; asset quality not turning around briskly was a blip
From Videocon loan case to Axis Bank hiring, Business Standard brings you the top business headlines of the day
Gross hiring till December FY20 has been of 28000 employees and attrition inched up by 2 per cent in FY20
The issue size of the bond issue is Rs 3,000 crore with an option to retain oversubscription up to Rs 2,000 crore
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.
Axis Bank had moved to the SAT seeking the shares pledged by Karvy Stock Broking Limited (KSBL) to the lender be unfrozen, so that it can invoke the pledges
Lender had approached tribunal seeking shares pledged by Karvy to it be unfreezed, saying the clients who owned the securities owed money to Karvy and therefore the pledge was good in law
Lender had overdraft facility of Rs 100 crore to brokerage
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Sridharan joined Axis Bank in June 2010 and was made CFO in October 2015. He was previously with Capital One Financial, a consumer bank based in the US
The new product is targeted at those who can deliver a "relationship value" of over Rs 5 crore, as against the earlier Rs 30 lakh under the five-year-old old product.