Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.
He highlighted that as customers transact more digitally, the banks' operating costs will come down
InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.
The Indian government's strong capital expenditure push, with budget allocation at a record Rs 11.11 trillion ($132.40 billion), is prompting banks to raise funds
The Indian government's strong capital expenditure push, with budget allocation at a record Rs 11.11 trillion ($132.40 billion), is prompting banks to raise funds
Apollo Tyres has recently experienced a notable decrease from its peak of 568 to approximately 200 SMA on the daily time frame chart.
Some of the new cities the bank has added include Patna, Raipur, Ghaziabad, Jodhpur, Udaipur, and Meerut
Primus cardholders will experience a level of luxury and service unmatched by any other credit card in India
Primus will be offered by invitation only, by Axis Bank. The allure of 'Primus' credit card is rooted in its bespoke benefits specifically tailored for Ultra High Net Worth (UHNW) individuals
Sashidhar Jagdishan, MD & CEO of HDFC Bank, was highest paid banker in India in FY23
Axis bank share price: While Axis bank Q1 results were sub-par, Street remains "cautiously optimistic" on stock outlook
Stocks to Watch today, July 25, 2024: Axis Bank ADRs fell 4.5 per cent overnight in US markets. Meanwhile, RBL Bank counter is expected to see a block deal today
The bank's net interest income (NII) increased 12 per cent year-on-year (Y-o-Y) and 3 per cent sequentially to Rs 13,448 crore in Q1FY25, aided by steady growth in advances
Fintech will provide point-of-sale and card machines to the private sector lender
Former Citibank customers are now under the Axis Bank umbrella
In the interim budget, the government announced a gross borrowing of Rs 14.13 trillion, with a fiscal deficit target of 5.1 per cent of the gross domestic product
Axis Bank may be capable of growing faster than peers and it may see a decline in operating expenses ratio from current levels
Nearly Rs 5 trillion has been mobilised by ECM since 2022. This outpaces Rs 2.6 trillion inflows received by equity MF schemes during this period
UPI services will be unavailable for customers from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM on July 13, 2024
The complete migration of all Citi relationships, including your credit cards, to Axis Bank, will wrap up by July 15, 2024