Page 43 - Axis Bank

From Axis Bank to RBL, private banks have their task cut out in FY20

With additional challenges such as fresh stress, loan growth, and escalating costs, the sector faces a tough year ahead

Axis Bank settles debenture trustee norms violation case with Sebi

The adjudication proceedings against Axis Bank were initiated after the regulator sent a show cause notice in June 2018 on observing violations of debenture trustee regulations

We will not do business with certain groups: Axis Bank's Amitabh Chaudhry

He has since steered the bank on to a conservative path, eschewing needless risks. He's been candid enough to admit that the exposure to infrastructure sector in the past proved to be an Achilles heel

Axis Bank net profit improves in Q1, but asset quality still a concern

It is taking pro­active steps to address potential stress, though net NPA at 2.04% hasn't changed much sequentially

Axis Bank Q1 net profit jumps 95% to Rs 1,370 crore; stock falls over 1%

Net interest margin (NIM) stood at 3.40 per cent for the quarter, against 3.46 per cent in the year-ago period

Axis Bank Q1 preview: 15% growth in NII seen, exposure to stressed assets eyed

Analysts at Prabhudas Lilladher, for instance, peg the bank's profit at Rs 1,860.3 crore, up 165 per cent YoY. This would be a nearly 24 per cent rise sequentially

ICICI Bank looks to mop up 15,000 cr in equity capital this financial year

The funds mopped up could be utilised primarily to aid the bank's growth

Axis Bank to raise Rs 18,000 cr through equity shares, depository receipts

The Board of Directors of the bank approved the proposal in this regard in the meeting held Saturday, the bank said in a regulatory filing

Axis Bank says will lend cautiously over new emerging risks in economy

The comments come even as the banking system is coming out of the bad loan mess which has afflicted it for over the past five years

Axis Bank appoints Citigroup, JPMorgan for $1.3-bn share sale: Sources

A deal would help the lender led by Chief Executive Officer Amitabh Chaudhry bolster loans and boost overall capital buffer

Multiple triggers could boost Axis Bank's return ratios, say analysts

Lower credit cost, operating leverage and shift in loan mix are key positives

ICICI Bank cuts lending rates by 10 bps weeks after slashing deposit rates

The one-year MCLR, to which a majority of loans like residential mortgages and auto loans are tied, now stands at 8.65%

Axis Bank considers $1.3 billion share sale to expand lending capacity

India's third-largest private sector lender, led by Chief Executive Officer Amitabh Chaudhry, is talking to potential advisers about the fundraising, according to sources

After 18% year to date gains, Axis Bank stock may pause for a breather

With 18% year to date gains, valuations are at its peak of 2.3x FY20 earnings, leaving little upside potential

Axis Bank plans to raise Rs 35,000 crore to fund business growth

The bank has reported a net profit of Rs 1,505 crore for the March quarter of 2018-19

Competition intensifies as full-service brokers introduce flat-fee schemes

Axis Direct, the broking arm of Axis Bank, on Monday announced a scheme called 'India Trade @20', where retail clients will execute a trade order at a flat fee of Rs 20

Axis Bank to focus on subsidiaries for growth, analysts cheer strategy

Subsidiaries together account for at least 5 per cent of the bank's valuations from nearly zero a few years back.

Axis Bank joins Rs 2-trillion market cap club, Titan touches Rs 1 trillion

The Sensex is only 1 per cent shy of its previous all-time high.

Axis Bank plans organisational recast, synergy with subsidiaries

In December 2018, the bank announced that Rajiv Anand, executive director-retail banking has taken over as the executive director-wholesale banking

Axis chief Amitabh Chaudhry targets threefold growth in AUM of MF arm

Axis AMC will expand its product range and leverage the parent bank's distribution channel to improve sales and target better customer segments