Page 44 - Axis Bank

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

Investors give a thumbs up to the offer for sale of Axis Bank

The OFS was subscribed 3.68 times on Wednesday, the second day of the offer

Non-retail portion of Axis Bank offer for sale subscribed over 2.5 times

SUUTI informed the exchanges it has decided to exercise the greenshoe option to sell an additional 26 million or 1.02 per cent of equity shares in the company

Govt to raise Rs 5,300 cr from selling SUUTI's 3% stake in Axis Bank

Analysts believe Axis Bank's financials are improving as the pool of stressed assets of restructured assets and corporate loans rated 'BB' and below have been on a decline

Govt eyes raising Rs 5,316 cr through part-sale of Axis Bank stake

The govt holds a 9.56 per cent stake in the private sector lender through state-owned Specified Undertaking of the Unit Trust Of India (SUUTI)

Axis Bank hits new high; Infosys nears its record high

Axis Bank hit a new high of Rs 710, up 3%, while Infosys rose 3.5% to Rs 751, nearing its record high price of Rs 755 touched on October 1, 2018, on the BSE in the intra-day deal.