Page 49 - Axis Bank

Axis Bank: After rise in NPAs, recovery hopes shift to FY18

In Q2, with loans turning into non-performing assets jumping to Rs 7,288 crore, concerns increase significantly

Axis Bank net profit plunges 83% as bad loans rise by over 5 times

As a result of higher NPAs, the lender also saw some pressure on net interest income and net interest margins

Axis Bank falls over 5% on weak Q2 earnings

The stock plunged 7% to Rs 490 on BSE in early morning trade.

Fund managers shift focus from Axis Bank to other lenders

Acted much before the bank counter came under selling pressure, sold 60 million shares worth Rs 3,560 crore in August

Axis Bank, BHU team up for banking courses

The courses will be designed to introduce the students to functioning of banking industry in India

IFCI to sell entire stake in ACRE to Axis Bank

Shares of IFCI were trading 1.96 per cent higher at Rs 28.60 apiece from their previous close on the BSE

Axis Bank to buy over 13% stake in ACRE from IFCI at Rs 22 cr

ACRE, an asset reconstruction company, is engaged in the acquisition of assets (NPAs) from banks/FIs and their resolution

Axis Bank gives shapes to its innovation lab

Ties up with AWS, OCBC Bank to support startups incubated at its accelerator

YES Bank, Axis Bank, Asian Paints hit 52-week highs

LIC Housing, Dewan Housing, Shree Cement, Trent, Sundram Fasteners and Shriram City Union Finance hit 52-week highs.

Axis Bank to offer small ticket unsecured loans jointly with Suvidhaa

A customer who utilises Suvidhaa's remittance or bill payment facilities can avail himself of loans up to Rs 15,000 with no paperwork

Axis Bank dips on disappointing Q1 results

The stock opened 4% lower at Rs 515 in opening deal after the bank reported 21% YoY decline in profit at Rs 1,556 crore for Q1FY17.

Operating expenses to remain high in FY17: V Srinivasan

Interview with Deputy managing director Axis Bank

Axis Bank net dips 21% as provisions rise

Pressure on asset quality continues as gross NPAs rise to 2.54% in June quarter from 1.67% in preceding quarter

Axis Bank: Weak asset quality, margins disappoint

Amid rising bad loans and dip in profitability, stock price could witness some pressure

Axis Bank Q1 profit dips 21% at Rs 1,556 crore

On account of rise in bad loans

Axis cuts base rate by 10 bps

These new rates will be effective from July 27

Axis Bank gets nod to raise foreign shareholding to 74%

Move may get foreign direct investment of Rs 12,000 cr and create 7,000 jobs

CCEA allows Axis Bank to raise foreign shareholding to 74%

The proposal will lead to foreign investment of about Rs 12,973 crore

CCEA okays Axis Bank plan to raise foreign investment to 74%

FIPB had referred the bank's proposal to CCEA, as the capital inflow was over Rs 5,000 crore

Axis Bank launches innovation lab to partner with fintech start-ups

These start-ups will mainly be focusing across lending, digital, payments and artificial intelligence space