The bonds are rated stable by Crisil, ICRA and India Ratings
Shares of Axis Bank closed flat at Rs 508.05 on BSE
A loan under Rs 30 lakh comes under the definition of affordable housing
The silver lining is that the 'non-watch list' slippages moderated in Q4
Gross bad loans as a percentage of total loans were 5.04% compared with 5.22% as of end-December
The bank has ruled out any buyout
On the BSE, 85 lakh shares exchanged hands on the counter
The stock of Axis Bank closed 0.72 per cent down at Rs 484.50 on BSE
Last date to register for the program is March 19, 2016
Last date to register for the programme is July 21, 2016.
Asset quality concerns might have peaked, but normalcy could take some more quarters
The bank's gross NPAs rose to 5.22% of gross advances as against 1.68% in same period a year ago
Reacting to its quarterly earnings, the stock slipped as much as 6.54 to Rs 452 on the BSE
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances
The new rates are effective from January 18
Earlier this week, ED arrested two Axis Bank managers here and seized 3 kg gold bars
Street doesn't attribute much to reports of fraud in a few accounts but the air of uncertainty could weigh on its stock
The I-T department is trying to analyse the quantum of transactions through these fake companies
The Axis bank branch at sector 51 in Noida was raided
The move is likely to curtail imports by the world's second-biggest gold consumer this month and could weigh on global prices already near their lowest level in ten months.