Page 46 - Axis Bank

Axis Bank recommends three candidates to succeed CEO Shikha Sharma

ICICI Bank is also grappling with management shuffling with Chanda Koccha

Axis Bank CEO Shikha Sharma's basic pay hiked 7.8% to Rs 29 mn in FY18

Gross salary of the chief executive came in at Rs 48.8 million for the 2017-18 fiscal. Additionally, there were 5,40,000 stock options in her portfolio during the year

Axis Bank: Sub-investment grade assets may keep bad loans elevated

Sub-investment grade assets may keep bad loans elevated

Axis Bank ratings unaffected by sharp rise in non-performing assets: S&P

The sharp rise in bad loans is part of a balance sheet clean-up exercise underway in the Indian banking system, the agency said in its report

Axis Bank board okays merger of subsidiaries Accelyst with Freecharge

Accelyst is engaged in the business of owning and operating a web and mobile-based platform for providing and facilitating online recharge, bill payment, coupon services

Axis Bank board clears higher borrowing limit of Rs 2 trillion

The board also authorised Axis Bank to borrow/ raise funds in Indian currency/foreign currency by issue of debt instruments up to an amount of Rs 35,000 crore

Axis Bank rises 5% despite weak Q4 results

The stock was up 5% to Rs 522 on expectation of sustained ROA expansion over the next 24 months to drive a multiple expansion as asset quality distractions recede.

Axis Bank posts first quarterly loss since listing in 1998 at Rs 21.89 bn

Gross bad loans as a percentage of total loans rose to 6.77% at end-March

Axis Bank commences process to select CEO Shikha Sharma's successor

Private sector lender Axis Bank today said it has started the process to select a new Managing Director & CEO as the incumbent Shikha Sharma is scheduled to demit office in December. Earlier this month, Sharma had requested the Board that she may be relived in December. The bank had earlier given her a new three-term beginning June 1. "This is to inform you that the Board of Directors of the Bank has commenced the succession process to appoint a new Managing Director & CEO of the Bank," Axis Bank said in a regulatory filing. The Board has appointed Egon Zehnder, a global leadership advisory firm, to conduct the succession process and evaluate candidates for the said post. The bank further said the Board will ensure that the process will be completed before the end of Sharma's tenure and "thus facilitate smooth transition of leadership responsibilities at the bank". In December last year, the bank had said the Board had decided to reappoint Sharma as the Managing Director and ..

Axis Bank sells part of Echanda Urja loans to IREDA, Central Bank

With this, Axis Bank has reduced its exposure in Echanda Urja by Rs 2 billion to below Rs 3 billion

Axis Bank up 6% in two days as board cuts short CEO Shikha Sharma's tenure

The stock was up 2.4% at Rs 531 on Tuesday in early morning trade, extending its Monday's 3.4% gain on the BSE

Axis Bank board cuts short CEO's tenure, Shikha Sharma to stay on till Dec

Sharma joined Axis Bank in 2009 after heading ICICI Prudential Life Insurance; move comes after RBI's objection to fresh term

Reserve Bank of India drops Axis Bank from list of bullion importers

Bank of Baroda, HDFC Bank and Bank of Nova Scotia were among the 16 banks allowed to import bullion

Axis Bank customers with balance of Rs 100 mn and above to get 6% interest

New rate will be effective March 19

Axis Bank to be able to process payments over WhatsApp soon

The bank also termed Unified Payments Interface (UPI) as a huge opportunity

RBI imposes penalty of Rs 30 mn on Axis Bank and Rs 20 mn on IOB

Axis attracted fine for flouting NPA norms and Indian Overseas Bank for KYC breach

Axis Bank to focus only on better-rated borrowers as bad loans soar

The bank is one of the worst-affected in the private sector after the Reserve Banks asset quality review

Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows

Bank's Capital Adequacy Ratio stood at 17.5 per cent at end of December 2017

Axis Bank hits 52-week high post Q3 results

The stock moved higher to its 52-week high of Rs 621, up 5% on BSE in noon deal, after the bank reported improved assets quality in Q3FY18 sequentially.

Axis Bank gets shareholder nod to raise Rs 11,626 cr

The shareholders approved the fund-raising during an extraordinary general meeting (EGM) of the bank