The bank also termed Unified Payments Interface (UPI) as a huge opportunity
Axis attracted fine for flouting NPA norms and Indian Overseas Bank for KYC breach
The bank is one of the worst-affected in the private sector after the Reserve Banks asset quality review
Bank's Capital Adequacy Ratio stood at 17.5 per cent at end of December 2017
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.
The shareholders approved the fund-raising during an extraordinary general meeting (EGM) of the bank
Following mega fundraising plans, analysts have upgraded their rating
In past three weeks, Axis Bank outperformed the market by gaining 26% against 2.5% rise in the S&P BSE Sensex
Private lender Axis Bank's board of directors on Friday agreed to the raising of Rs 11,625 crore through the issue of preferential equity shares and convertible warrants
The stock hit a 52-week high of Rs 550, up 4% on the BSE after Axis Bank said its board will meet on Friday, 10th November 2017 to consider fund raising plans.
The board of Axis Bank will meet on November 10 to consider a proposal to raise equity capital by issuing securities
The stock was up 5% to Rs 508 on the BSE on back of heavy volumes.
The theme-based walks are spiced with stories and information of the sites, chats with locals and sampling of the local produce
The lender has introduced Shubh Aarambh Home Loans, in which 12 EMIs are waived
Little support from interest income weighed on net profit, though it bettered Street's expectations
Axis Bank, Infosys and State Bank of India topped the list of select Indian companies which have taken a progressive view of disclosure, taking it beyond a "legalistic definition". These companies topped a list prepared by global advisory firm FTI Consulting scoring " 10/ 10" on the weighted Composite Disclosure score. The composite disclosure score takes into account seven mandatory disclosure parameters and eight voluntary ones. Superior disclosure practices are considered a proxy for superior management quality and better corporate governance, FTI said in the study, which was part of it's the India Disclosure Index report 2017. The big three were part of 22 'Disclosure Champions' which scored higher than 9/ 10 " Two years back, such champions came from one or two sectors. This year, they come from four knowledge economy and three 'old economy' sectors. Each of these companies are setting an example on corporate disclosure for other companies in their respective sectors," Amrit ...
Gross bad loan ratio as a percentage of total loans came in at 5.03 per cent at end-June
The bank is actively involved in helping to spread digital payments solutions, post demonetisation
Executive search firm Egon Zehnder has been selected by the Axis Bank board to identify a new CEO
At 10:56 am; the stock was up 3.8% at Rs 511, the top gainer among Nifty 50, which was up 0.61%