Page 45 - Axis Bank

Axis Bank surges 6% on healthy December quarter earnings

The stock hit a new high of Rs 700, up 6 per cent in early morning trade, surpassed its previous high of Rs 679 recorded on January 17, 2019 on the BSE in intra-day trade.

Axis Bank needs to be conservative on corporate loans: CEO Amitabh Chaudhry

The current market environment and the strength of our balance sheet provide us with an opportunity to grow the wholesale loan book, says Chaudhry

Axis Bank Q3 net profit surges 131% to Rs 1,681 crore, beats estimates

Gross non-performing loans fell to 5.75 per cent of total loans at the end of December

Axis Bank hits record high; rallies 12% in two weeks

The stock hit a new high of Rs 679, up 2%, surpassing its previous high of Rs 677 recorded on September 10, 2018, in intra-day trade on the BSE.

At Rs 36 million, new Axis Bank CEO's basic pay more than Shikha Sharma's

The shareholders also approved Chaudhry's appointment as MD & CEO for three years

I-T dept probing Axis Bank staff for allegedly facilitating benami deals

Tax sleuths have detected over Rs 520 million of unexplained cash in jewellers' bank accounts

Axis Bank extends gain on strong Q2 results; stock surges 18% in 6 days

Axis Bank was up 4% to Rs 633, the largest gainer among Nifty50 and the S&P BSE Sensex index, at 10:40 am.

Axis Bank eyes major turnaround as retail, SME drive growth, slippages fall

The private bank's net profit surged 83% to Rs 78.9 mn thanks to growing interest income and better provisioning

Axis Bank Q2 profit up 83% to Rs 7.9 bn on higher interest income

Analysts had expected a net profit of Rs 7.41 billion, according to Refinitiv data

Axis Bank sells 4.95% stake in NSDL to HDFC Bank for Rs 1.63 billion

With the acquisition, HDFC Bank's holding will increase from the current 5 per cent to 9.95 per cent

Govt may be forced to defer Axis Bank stake sale due to weak stock market

The government holds a 9.6 per cent stake in Axis Bank through state-owned entity Specified Undertaking of Unit Trust of India

Strong successor taking up the top job could improve Axis Bank fortunes

Execution key to sustain valuations for Axis Bank

Amitabh Chaudhry is the much-needed facelift for Axis Bank; here's why

With a strong candidate stepping at the right time, fortunes might turn in favour of the bank, say experts

Axis Bank gains 5% on appointment of Amitabh Chaudhry as the MD & CEO

The stock rallied 5% to Rs 676 on the BSE in early morning deal after the private sector lender on Saturday appointed Amitabh Chaudhry as Managing Director & CEO from January 1, 2019.

Challenging times ahead for Axis Bank's new MD and CEO Amitabh Chaudhry

The new CEO will need to review the bank's processes to keep the loan book healthy. He was MD & CEO at HDFC Life Insurance

HDFC Life's Amitabh Chaudhry appointed as CEO & MD of Axis Bank

Chaudhry will replace outgoing MD & CEO Shikha Sharma whose term ends on December 31

Axis Bank appoints Amitabh Chaudhry as MD & CEO, to take charge from Jan 1

Axis Bank said Saturday Amitabh Chaudhry has been appointed its Managing Director & CEO from January 1, 2019 for a period of three years. Chaudhry, the MD & CEO of HDFC Standard Life Insurance Company at present, will take the charge at India's third largest private sector bank after incumbent Shikha Sharma steps down on December 31, 2018. "The Board of Directors of the bank at its meeting held today has taken on record the approval granted by the Reserve Bank of India (RBI) to the appointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, for a period of three years, with effect from I" January 2019 up to 31" December 2021 (both days inclusive)," Axis Bank said in a filing to the BSE. Chaudhry, 54, has been associated with HDFC Life since January 2010. "I would like to thank the RBI and the Axis Bank Board for the privilege and honour given to me to lead this great institution," Chaudhry said. In April, Axis Bank board had curtailed the fourth term of its

Axis Bank sees further recovery after less-than-expected profit drop in Q1

In the June quarter, Axis Bank saw a 74 per cent fall in incremental bad loans to Rs 43.37 billion, compared with the March quarter

Axis Bank Q1 net profit dips 46% to Rs 7 billion, stock falls 2.67%

It, however, improved on a sequential basis, with GNPAs down 25 basis points from the March quarter of 2017-18

Axis Bank Q1 profit plunges 46% to Rs 7 billion as bad loans rise

Gross non-performing loans as a percentage of total loans fell to 6.52 per cent at end-June, compared with 6.77 per cent three months earlier